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Sequential decision making : how prior choices affect subsequent valuations

Ofek, Elie (contributor); Yildiz, Muhamet (contributor); … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002111212

Simulating a Multiproduct Barter Exchange Economy

Levy, Daniel; Bergen, Mark - EconWPA - 2005

We describe a multiproduct barter trading experiment in which students exchange real goods in an open market based on … their own personal preference. The experiment is designed for simulating a pure exchange market in order to demonstrate the …

Persistent link: https://www.econbiz.de/10005125577

Why Lying Pays: Truth Bias in the Communication with Conflicting Interests

Kawagoe, Toshiji; Takizawa, Hirokazu - EconWPA - 2005

We conduct experiments of a cheap-talk game with incomplete information in which one sender type has an incentive to misrepresent her type. Although that Sender type mostly lies in the experiments, the Receiver tends to believe the Sender's messages. This confirms ``truth bias'' reported in...

Persistent link: https://www.econbiz.de/10005556670

Beans as a Medium of Exchange

Fried, Harold; Levy, Daniel - EconWPA - 2005

This note describes an experiment, which is an extension of the experiment proposed by Levy and Bergen (1993). The … experiment is designed to simulate an environment where something that is very similar to fiat money (i.e., is homogenous …

Persistent link: https://www.econbiz.de/10005119382