Showing 1 - 10 of 51
"We find clear demographic and ability effects on bidding in common value auctions: inexperienced women are much more susceptible to the winner's curse than men, controlling for SAT/ACT scores and college major; economics and business majors substantially overbid relative to other majors; and...
Persistent link: https://www.econbiz.de/10002956725
Persistent link: https://www.econbiz.de/10008935951
Individuals and two-person teams play a hidden-action trust game with pre-play communication. We replicate previous results for individuals that non-binding promises increase cooperation rates. But this does not extend to teams. While teams make non-binding promises to cooperate at the same rate...
Persistent link: https://www.econbiz.de/10012901587
We study legislative bargaining with two person teams versus individuals. Teams pass minimum winning coalitions significantly more often than individuals, meeting or beating the demanding truth wins criteria. Teams have more proposer power, coming significantly closer to the very unequal payoffs...
Persistent link: https://www.econbiz.de/10013033967
Recent interest in reducing budget deficits raises questions regarding the impact on legislative bargaining of cuts versus increases in government spending. Using an experimental design where the outcomes are theoretically isomorphic results in significant differences in bargaining outcomes:...
Persistent link: https://www.econbiz.de/10013034107
In finitely repeated prisoner dilemma games, two-person teams start out with significantly less cooperation than individuals, consistent with results reported in the social psychology literature. However, safety concerns quickly give way to teams cooperating significantly more than individuals....
Persistent link: https://www.econbiz.de/10013035157
We find clear demographic and ability effects on bidding in common value auctions: inexperienced women are much more susceptible to the winner's curse than men, controlling for SAT/ACT scores and college major; economics and business majors substantially overbid relative to other majors; and...
Persistent link: https://www.econbiz.de/10014067219
The effects of pre-play communication in a coordination game with incomplete information about players' intensity of preferences are compared to no communication controls. Pre-play communication significantly increases subjects' payoffs and the probability of coordination, while reducing...
Persistent link: https://www.econbiz.de/10012922707
Individuals and two-person teams play a hidden - action trust game with pre - play communication. We replicate previous results for individuals that non-binding promises increase cooperation rates. But this does not extend to teams. Wh ile teams make non-binding promises to cooperate at the same...
Persistent link: https://www.econbiz.de/10012014362
Specific behavioral tendencies cause investors to deviate from optimal investing. We investigate three such tendencies in a simplified stock market. Subjects rarely follow the fully profit-maximizing strategy, most commonly by ignoring information and continuing to hold on to a stock regardless...
Persistent link: https://www.econbiz.de/10012773578