Annarita Colasante

• PhD
• Università degli Studi di Roma Unitelma Sapienza

The present research aimed at investigating changes in contributions made within a public goods game (PGG) across varying conditions: a standard PGG, a PGG involving risky returns, and a PGG involving competition for heterogeneous returns. The empirical results, collected through a one-shot laboratory experiment, informed the classification of subj...

Competition and cooperation are not always at odds and contributions to public goods are almost never one‐off one‐shot temporally isolated events. We examine voluntary contribution in a new public good experiment where “self‐love” competitive motivations and time dynamic interdependencies are simultaneously considered. The competitive motivations a...

This study explores the impact of certification on decisions to invest in green bonds. Utilizing a laboratory experiment, we evaluate how different levels of certificate reliability stimulate investments in green bonds, particularly in the context of a green premium. The findings corroborate our hypothesis, showing that reliable certification encou...

Sustainable tourism can combine recreation for people, economic opportunities for entrepreneurs, and environmental protection, but for mountain tourism, climate change and the predicted reductions in snowfall require urgent action. Therefore, this study aims to identify sustainable mountain tourism strategies and consumption patterns using a multi‐...

Waste from electrical and electronic equipment (WEEE) is a relevant concern in Europe. Even if relevant improvements have been made in terms of material recovery technologies and policy measures, there remains a significant gap between the amount of WEEE generated versus collected in the EU. The present study is based on an online survey whose aim...

Inspired by macroeconomic scenarios, we aim to experimentally investigate the evolution of short- and long-run expectations under different specifications of the fundamentals. We collect individual predictions for future prices in a series of Learning to Forecast Experiments with a time-varying fundamental value. In particular, we observe how expec...

Higher education institutions (HEIs), based on learning, innovation, and research, can support the progress of civil society. Many HEIs are implementing sustainability practices and projects to counteract climate change, often involving youth participation. The present study aimed at identifying how sustainable communities may be fostered in a univ...

In this article, we analyze the role of social capital in the formation of sustainable energy communities. Specifically, we study the impact of different dimensions of social capital (i.e., structural, relational, cognitive) in determining willingness to participate in an energy community. Our survey data suggest that social contexts contribute to...

While sustainability is at the centre of many government agendas, there is a great risk of entrusting strategic decisions to those lacking in sustainability expertise. It is therefore necessary to ensure that universities are the green engines of sustainable communities. The present study administered a questionnaire to students enrolled in a Manag...

We propose and analyze three procedures to elicit participants’ behavior regarding their higher-order risk attitudes. Our procedures relax the rigidity of having to choose among only two alternatives (as usual in the literature), and allow for choosing a third or even a fourth alternative. This way, the remaining choices for the two original altern...

We analyse a nonlinear banking duopoly model with capital regulation and asymmetric costs. We follow the literature on banking and capital regulation focusing on Italian banks. We extend the banking duopoly model with nonlinear costs of Brianzoni and Campisi (2021), by introducing the hyperbolic inverse demand function, following Puu (1991). In thi...

This data article presents data collected through a survey with the aim of understanding consumers’ behaviour in the fashion industry. The analyses of these data are elaborated in the article “The circular economy and bioeconomy in the fashion sector: Emergence of a “sustainability bias”” [1]. As highlighted in the literature, the fashion industry...

The development of photovoltaic (PV) systems in Southern Europe has been boosted by favourable sunshine levels but also by the policies implemented. Europe's ambitious plans for a green transition require new power to be installed but also new consumption habits that tend to be more responsible. The transformation of cities goes through the emergen...

Reuse and recycling are two of the most important strategies involved in the practical implementation of the circular economy (CE). Even if several indices have been defined to quantify the performance of waste management, none of them has integrated a mix of waste streams such as waste from electrical and electronic equipment, end-of-life vehicles...

While many people consider clothes shopping an enjoyable leisure activity, the constant supply of new fashion styles at very low prices has led to a significant increase in the volume of clothes produced and disposed (i.e., “fast fashion”). The present study aimed at assessing consumer attitudes towards the fashion sector, particularly with respect...

It is a fact that energy saving depends not only on countries’ environmental policies but also on citizens’ ways of responding to these actions. This indicates the need to thoroughly investigate how households’ attitudes are shaped to understand the driving factors enhancing pro-environmental attitudes. However, it is also important to understand h...

The sun is a shining star in the emerging low-carbon society, providing bright solutions to mitigate climate change. This perspective article presents the results of an online survey that investigated peoples’ willingness to reshape their intraday energy use to both reduce energy consumption (especially from fossil fuel sources) and maximize green...

In this paper we try to: (i) study the personal features of the subjects that can influence the risk attitude in financial and non-financial contexts, (ii) understand the correspondences among some behaviors in financial and non-financial choices. We start from the questionnaire used by Colasante and Riccetti (2020), that investigates how subjects...

This paper sheds light on the importance of considering behavioural aspects when forging energy policies. Trust in both institutions and peers improves pro-social behaviour and, as a consequence, leads to more responsible energy consumption. Data collected from the 8th round of the European Social Survey were used to build three indexes by which to...

We elicit individual expectations in a series of Learning-to-Forecast Experiments (LtFEs) with different feedback mechanisms between expectations and market price: positive and negative feedback markets. We implement the EEA proposed by Colasante et al. (J Evol Econ 2018b. 10.1007/S00191-018-0585-1). We compare the performance of two learning algor...

Higher order risk preferences are important determinants of choices under uncertainty. We build aquestionnaire different from usually adopted ones: our questionnaire is simpler in order to reducethe number of random choices, and it includes questions with largely diversified stake sizes toobservedifferentgapsbetweenmoments.Moreover,wecollectresults...

In this paper, we elicit short-run as well as long-run expectations on the evolution of the price of a financial asset in a Learning-to-Forecast Experiment (LtFE). Subjects, in each period, have to forecast the the asset price for each one of the remaining periods. The aim of this paper is twofold: first, we fill the gap in the experimental literat...

This paper investigates systemic risk that emerges from the interplay between uncertain returns to individual actions, uncertainty on others’ behavior and all this filtered through individual attitudes toward risk. We design a finitely repeated linear public good experiment based on a voluntary contribution mechanism and analyze the effect of risky...

In this paper, we present the results of a Learning-to-Forecast Experiment (LtFE) where we eliciting short- as well as long-run expectations regarding the future price dynamics in markets with positive and negative expectations feedback. Comparing our results on short-run expectations with the LtFE literature, we prove that eliciting long-run expec...

We experimentally investigated a three-person public good game where dynamic interdependencies (through endogenously allocated endowments) and intra-group competition (via the assignment of different MPCR factors) are simultaneously introduced. We also ran two control treatments where endogenous endowments and intra-group competition have been sepa...

We analyze a public good game (PGG) with intragroup competition in which, generally but not always, the dominant strategy is to not contribute; therefore, free riding is the unique Nash equilibrium, not achieving Pareto efficiency. We propose a PGG setup where subjects' contributions are rewarded with different individual returns following a rank‐o...

This paper analyzes the impact of inequality in the distribution of endowments on cooperation. We conduct a lab experiment using a dynamic Public Good Game to test this relation. We introduce the possibility of choosing among three different redistribution rules: Equidistribution, Proportional to contribution and Progressive to endowment. This nove...

The aim of the present work is to shed light on the extensive debate about expectations in financial markets. We analyze the behaviors of subjects in an experimental environment in which it is possible to observe expectations directly, since the sole task of each player is to predict the future price of an asset. We investigate the mechanism of exp...

We conduct a Learning to Forecast Experiment using a novel setting in which we elicit subjects’ short- and long-run expectations on the future price of an asset. We find that: (i) the rational expectations equilibrium is not a meaningful description for the whole time spectrum of subjects’ expectations; (ii) they are, instead, better described by a...

This chapter is a review about the relation between two disciplines, Behavioral Economics and Agent-Based Model. Since the approaches of these disciplines are quite different, they share a common feature: the analysis of the individual behavior by discarding the neoclassical assumptions. This implies that these kinds of analysis complement each oth...

This paper presents an investigation about cooperation in a Public Good Game using an Agent Based Model calibrated on experimental data. Starting from the experiment proposed in Colasante and Russo (2016), we analyze the dynamic of cooperation in a Public Good Game where agents receive an heterogeneous income and choose both the level of contributi...

The present work analyzes the individual behavior in an experimental asset market in which the only task of each player is to predict the future price of an asset. To form their expectations, players see the past realization of the asset price in the market and the current information about the mean dividend and the interest rate. We investigate th...

The present work analyzes the individual behavior in an experimental asset market in which the only task of each player is to predict the future price of an asset. To form their expectations, players see the past realization of the asset price in the market and the current information about the mean dividend and the interest rate. We investigate th...

In this paper we focus on the impact of involuntary unemployment on wage formation using experimental evidence. We use the well-known Gift Exchange Game to analyze players' interaction in a simplified job market. The aim of this paper is twofold: on the one hand, we are interested in analyzing the relation between involuntary unemployment and wages...

This paper analyzes the impact of inequality in the distribution of endowments on contributions. We conduct a lab experiment using the well-known Public Good Game to test the relation between inequality and contribution to a public fund. We introduce the possibility to choose among three different redistribution rules: equidistribution, proportiona...