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Suppose you are interested in the level of a state variable (e.g. a disease is present or absent or of a pre-specified level of severity, or a failure is recorded or not, etc.) and have a potentially useful but imperfect diagnostic test method, (e.g. a blood test result for this disease, or a...
Persistent link: https://www.econbiz.de/10010907427
of contests, the allocation of voting rights in committees, and the desirability of low-powered incentive schemes. In … American Idol, the judges, who are presumably experts in evaluating singing effort, have no voting power when the field is … effort. It may be optimal to give the entire voting power to the viewers whose evaluation of singing effort is noisier. …
Persistent link: https://www.econbiz.de/10005545248
I consider a model in which an asset owner must decide how much to invest in his asset mindful of the fact that an encroacher’s valuation of the asset is increasing in the asset owner’s investment. Due to incomplete property rights, the encroacher and asset owner engage in a contest over the...
Persistent link: https://www.econbiz.de/10008558436
consumer surplus through higher bids. In the experiment, bids increase and bidders? earnings decrease with more generous return …
Persistent link: https://www.econbiz.de/10011261886
experiment, a temptations-constrained version of deal-me-out emerges as the clear winner. …
Persistent link: https://www.econbiz.de/10011199691
their experiment is driven by guilt aversion. By modifying the procedures to include a double blind social distance protocol …
Persistent link: https://www.econbiz.de/10008914311
increases the overall level of cooperation in our double blind experiment. However, our results are due in part to the high …
Persistent link: https://www.econbiz.de/10009371391
members. We use a laboratory experiment to study the role of group identity, created by the use of symbols, in mitigating the …
Persistent link: https://www.econbiz.de/10009371392
In this study, we examine the effectiveness of the individual-punishment mechanism in larger groups, comparing groups of four to groups of 40 participants. We find that the individual punishment mechanism is remarkably robust when the MPCR is held constant despite the coordination problems...
Persistent link: https://www.econbiz.de/10009351412
We develop and test experimentally the argument that gender/family and/or professional identities, activated through psychological priming, may influence preference for competition. We focus on female professionals for whom these identities may conflict and male professionals for whom they may...
Persistent link: https://www.econbiz.de/10009275558