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Do You Know That I Am Biased? An Experiment

Ludwig, Sandra; Nafziger, Julia - 2007

This experiment explores whether individuals know that other people are biased. We confirm that overestimation of abilities is a pervasive problem, but observe that most people are not aware of it, i.e. they think others are unbiased. We investigate several explanations for this result. As a...

Persistent link: https://www.econbiz.de/10010264906

Learning in experimental 2×2 games

Chmura, Thorsten; Goerg, Sebastian J.; Selten, Reinhard - 2008

In this paper we introduce four new learning models: impulse balance learning, impulse matching learning, action …-sampling learning, and payoff-sampling learning. With this models and together with the models of self- tuning EWA learning and … reinforcement learning, we conduct simulations over 12 different 2×2 games and compare the results with experimental data obtained …

Persistent link: https://www.econbiz.de/10010270025

Joint measurement of risk aversion, prudence and temperance

Ebert, Sebastian; Wiesen, Daniel - 2010

We propose a method to measure the intensity of risk aversion, prudence (downside risk aversion) and temperance (outer risk aversion) in experiments. Higher-order risk compensations are defined within the proper risk apportionment model of Eeckhoudt and Schlesinger [American Economic Review, 96...

Persistent link: https://www.econbiz.de/10010293367

The Framing of Games and the Psychology of Play

Dufwenberg, Martin; Gächter, Simon; Hennig-Schmidt, Heike - 2010

Psychological game theory can provide rational-choice-based framing effects; frames influence beliefs, beliefs influence motivations. We explain this theoretically and explore empirical relevance experimentally. In a 2×2 design of one-shot public good games we show that frames affect...

Persistent link: https://www.econbiz.de/10010293368

How Payment Systems Affect Physicians' Provision Behaviour – An Experimental Investigation

Hennig-Schmidt, Heike; Selten, Reinhard; Wiesen, Daniel - 2011

Understanding how physicians respond to incentives from payment schemes is a central concern in health economics research. We introduce a controlled laboratory experiment to analyse the influence of incentives from fee-for-service and capitation payments on physicians’ supply of medical...

Persistent link: https://www.econbiz.de/10010293369

Presentation Effects in Cross-Cultural Experiments - An Experimental Framework for Comparisons

Goerg, Sebastian J.; Walkowitz, Gari - 2008

This paper investigates the impact of game presentation dependent on ethnical affiliation. Two games representing the same logical and strategical problem are introduced. Presented games are continuous prisoner’s dilemma games where decision makers can choose an individual level of cooperation...

Persistent link: https://www.econbiz.de/10010264915

Whom will you choose? - Collaborator Selection and Selector’s Self-Prediction

Eberlein, Marion; Przemeck, Judith - 2008

Our experiment investigates managers’ self-predictions of their subsequent performance and, based upon, their choice of a collaborator. Our results show that managers’ self-predictions are not biased anymore after they are informed about the performance of a reference group. In spite of...

Persistent link: https://www.econbiz.de/10010264922

The Framing of Games and the Psychology of Play

Dufwenberg, Martin; Gächter, Simon; Henning-Schmidt, Heike - 2008

Psychological game theory can help provide a rational choice explanation of framing effects; frames influence beliefs, beliefs influence motivations. We explain this theoretically, and explore the empirical relevance experimentally. In a 2×2 design of one-shot public good games we show that...

Persistent link: https://www.econbiz.de/10010265677

An experimental methodology testing for prudence and third-order preferences

Ebert, Sebastian; Wiesen, Daniel - 2009

We propose an experimental method to test individuals for prudence (i.e. downside risk aversion) outside the expected utility framework. Our method relies on a novel representation of compound lotteries which allows for a systematic parameterization that captures the full generality of prudence....

Persistent link: https://www.econbiz.de/10010270008

How Payment Systems Affect Physicians' Provision Behaviour – An Experimental Investigation

Hennig-Schmidt, Heike; Selten, Reinhard; Wiesen, Daniel - 2009

A central concern in health economics is to understand the influence of commonly used physician payment systems. We introduce a controlled laboratory experiment to analyze the influence of fee-for-service (FFS) and capitation (CAP) payments on physicians' behaviour. Medical students decide as...

Persistent link: https://www.econbiz.de/10010270417