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The Causal Effect of Cognitive Abilities on Economic Behavior: Evidence from a Forecasting Task with Varying Cognitive Load

Rydval, Ondrej - Center for Economic Research and Graduate Education and … - 2012

We identify the causal effect of cognitive abilities on economic behavior in an experimental setting. Using a forecasting task with varying cognitive load, we identify the causal effect of working memory on subjects' forecasting performance, while also accounting for the effect of other...

Persistent link: https://www.econbiz.de/10010842911

Fairness in Risky Environments: Theory and Evidence

Babicky, Vitezslav; Ortmann, Andreas; Koten, Silvester Van - Center for Economic Research and Graduate Education and … - 2010

policy and methodological implications of the results of our artefactual field experiment, as well as the implications for …

Persistent link: https://www.econbiz.de/10008751896

Are the Unskilled Really That Unaware? Understanding Seemingly Biased Self-Assessments

Krajc, Marian - Center for Economic Research and Graduate Education and … - 2008

The so-called unskilled-and-unaware problem was experimentally identified a decade ago: The unskilled are seemingly afflicted by a double curse because they also seem unaware of their (relative) lack of skills. Numerous authors have elaborated on this problem – experimentally as well as...

Persistent link: https://www.econbiz.de/10005357525

Sealed Bid Auctions with Ambiguity: An Experimental Study

Chen, Yan; Katuscak, Peter; Ozdenoren, Emre - Center for Economic Research and Graduate Education and … - 2005

This study presents a laboratory experiment of the first and second price sealed bid auctions with independent private …

Persistent link: https://www.econbiz.de/10005146564

The Predictive Power of Noisy Elimination Tournaments

Ryvkin, Dmitry - Center for Economic Research and Graduate Education and … - 2005

An elimination tournament matches players pairwise and promotes the winners to a subsequent round where the procedure is repeated. In the presence of idiosyncratic noise the tournament turns into a probabilistic mechanism that reveals the ranking of players imperfectly. I assess theoretically...

Persistent link: https://www.econbiz.de/10005086623

Three Prominent Tournament Formats: Predictive Power and Costs

Ryvkin, Dmitry; Ortmann, Andreas - Center for Economic Research and Graduate Education and … - 2006

We analyze tournaments of heterogeneous players from an organizer’s perspective. Using a simple model of a noisy tournament, we demonstrate how the likelihood of selecting the best player, here termed the “predictive power” of a tournament, depends on the tournament format, the...

Persistent link: https://www.econbiz.de/10005357509

The Predictive Power of Noisy Round-Robin Tournaments

Ryvkin, Dmitry; Ortmann, Andreas - Center for Economic Research and Graduate Education and … - 2004

The round-robin tournament format for N players is a scheme that matches players with one another in all possible N(N - 1)/2 pairwise comparisons. A noisy round-robin tournament adds the possibility of upsets, or noise, and hence reduces the power of the tournament to reveal the true ranking of...

Persistent link: https://www.econbiz.de/10005357526

Believing in Economic Theory: Sex, Lies, Evidence, Trust and Ideology

Austin, Andrew; Wilcox, Nathaniel T. - Center for Economic Research and Graduate Education and … - 2004

with those beliefs using a classroom Double Auction experiment, combined with a survey and ex-ante and ex-post elicitations …

Persistent link: https://www.econbiz.de/10010842930

Free to Choose: An Experimental Investigation of the Value of Free Choice

Lanchava, Lasha - Center for Economic Research and Graduate Education and … - 2013

This study is the first economic experiment that tests the economic significance of the theory of psychological … reactance (Brehm, 1966). For this purpose, I design an economic experiment in which subjects are asked to express their … not differ significantly. Thus, in the experiment, the subjects did not display signs of reactance. In the end, the …

Persistent link: https://www.econbiz.de/10010842937

Self-Regulatory Organizations Under the Shadow Of Governmental Oversight: An Experimental Investigation

Koten, Silvester Van; Ortmann, Andreas - Center for Economic Research and Graduate Education and … - 2014

Self-regulatory organizations (SROs) can be found in education, healthcare, and other not-for-profit sectors as well as in the accounting, financial, and legal professions. DeMarzo et al. (2005) show theoretically that SROs can create monopoly market power for their affiliated agents, but that...

Persistent link: https://www.econbiz.de/10011093682