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Enke, Benjamin; Zimmermann, Florian - CESifo - 2013

Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...

Persistent link: https://www.econbiz.de/10010718532

Adverse Selection vs Discrimination Risk with Genetic Testing. An Experimental Approach

Bardey, David; Donder, Philippe De; Mantilla, Cesar - CESifo - 2014

we run several experiments in order to shed light on both the take-up rate of genetic testing and on the comparison of … exogenous values of adverse selection under Consent Law, and the repeated interactions experiment devised has not resulted in …

Persistent link: https://www.econbiz.de/10011082825

Self-Confidence and Strategic Behavior

Charness, Gary; Rustichini, Aldo; Ven, Jeroen van de - CESifo - 2013

We test experimentally an explanation of over and under confidence as motivated by (perhaps unconscious) strategic concerns, and find compelling evidence supporting this hypothesis in the behavior of participants who send and respond to others’ statements of confidence about how well they have...

Persistent link: https://www.econbiz.de/10010877986

Peer Effects in Risk Taking

Lahno, Amrei M.; Serra-Garcia, Marta - CESifo - 2012

We examine peer effects in risk taking with complete information and compare explanations for peer effects based on relative payoff concerns to explanations that allow peer choices to matter. We vary experimentally whether individuals can condition a simple lottery choice on the lottery choice,...

Persistent link: https://www.econbiz.de/10010739341

Individual and Developmental Differences in the Relationship of Preferences and Theory of Mind

Leipold, Kristina; Vetter, Nora C.; Dittrich, Marcus; … - CESifo - 2012

Theory of mind and individual preferences are important determinants in social decision making. The current study examined in a large sample whether being a cooperative preference type is related with better theory of mind skills. Furthermore, by testing adolescents and adults, we examined the...

Persistent link: https://www.econbiz.de/10010877849

Bracelets of Pride and Guilt? An Experimental Test of Self-Signaling in Charitable Giving

Weele, Joël J. van der; Siemens, Ferdinand von - CESifo - 2014

experiment subjects divide 20 euros between themselves and a charity. Some randomly determined participants are induced to wear a … bracelet for the two weeks following their donation decision. This bracelet serves as a private reminder of the experiment … remember the experiment in the following two weeks. …

Persistent link: https://www.econbiz.de/10010747212

An Externality-Robust Auction: Theory and Experimental Evidence

Bartling, Björn; Netzer, Nick - CESifo - 2014

An auction is externality-robust if unilateral deviations from equilibrium leave the other bidders’ payoffs unaffected. The equilibrium and its outcome will then persist if certain types of externalities arise between bidders. One example are externalities due to spiteful preferences, which...

Persistent link: https://www.econbiz.de/10010877664

When Ignorance is Bliss - Information Asymmetries Enhance Prosocial Behavior in Dictator Games

Winschel, Evguenia; Zahn, Philipp - CESifo - 2014

In most laboratory experiments concerning prosocial behavior subjects are fully informed how their decision influences … knowledge. To assess the effect of information asymmetries on prosocial behavior, we conduct a laboratory experiment with a … a consequence and the main finding of our experiment, uninformed dictators behave more prosocially than informed …

Persistent link: https://www.econbiz.de/10010877838

The Existence of Informationally Efficient Markets When Individuals Are Rational

Muendler, Marc-Andreas - CESifo - 2004

A rational-expectations equilibrium with positive demand for financial information does exist under fully revealing asset price - contrary to a wide-held conjecture. Generalizing the common additive signal-return model with CARA utility to the family of distributions with moment generating...

Persistent link: https://www.econbiz.de/10005406399

The Taxation of Bilateral Trade with Endogenous Information

Dang, Tri Vi; Morath, Florian - CESifo - 2015

This paper analyzes the effects of taxation on information acquisition and bilateral trade in decentralized markets. We show that a profit tax and a transaction tax have opposite implications for equilibrium outcome in bargaining. A marginal increase of a transaction tax increases the incentive...

Persistent link: https://www.econbiz.de/10011120474