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The Costs of Deception: Evidence From Psychology
Ortmann, Andreas; Hertwig, Ralph - EconWPA - 2002
counseled to lift their de facto prohibition against deception to capture its potential benefits. To the extent that this … discussion of the methodological costs and benefits of deception, we conclude that experimental economists' prohibition of … deception is a sensible convention that economists should not abandon. …
Persistent link: https://www.econbiz.de/10005407572
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The Effects of Consumer Protection on Sales Signs, Consumer Search and Competition
Wilson, Chris M. - EconWPA - 2005
-order’ monitoring can actually facilitate the deception of fully rational consumers, to deter them from otherwise optimal search …
Persistent link: https://www.econbiz.de/10005412887
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Cultural differences in ultimatum game experiments: Evidence from a meta-analysis
Oosterbeek, Hessel; Sloof, Randolph; Kuilen, Gijs van de - EconWPA - 2004
This paper reports the findings of a meta-analysis of 37 papers with 75 results from ultimatum game experiments. We find that on average the proposer offers 40% of the pie to the responder. This share tends is smaller for larger pie sizes and larger when a strategy method is used or when...
Persistent link: https://www.econbiz.de/10005408211
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Bargaining and Search: An Experimental Study
Zwick, Rami; Lee, Ching Chyi - EconWPA - 1999
We study experimentally two versions of a model in which a buyer and a seller bargain over the price of a good; however, the buyer can choose to leave the negotiation table to search for other alternatives. Under one version, if the buyer chooses to search for a better price, the opportunity to...
Persistent link: https://www.econbiz.de/10005556687
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The Indirect Evolutionary Approach to Explaining Fair Allocations
Huck, Steffen; Oechssler, Joerg - EconWPA - 1995
Experimental results on the ultimatum game show clearly that (1) large fractions of players offer a 'fair' allocation and (2) that unfair (but positive) offers are systematically rejected. We offer an explanation of this behavior using the 'indirect evolutionary approach' which is based on the...
Persistent link: https://www.econbiz.de/10005407564
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Evidence Theory: A Mathematical Framework for Unpredictable Hypotheses
Fioretti, Guido - EconWPA - 2002
Shafer's evidence theory is a branch of the mathematics of uncertain reasoning that allows for novel possibilities to be conceived by a decision-maker. Many of its findings exhibit striking similarities with an alternative decision theory purported by Shackle in the 1950s, before expected...
Persistent link: https://www.econbiz.de/10005125582
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How Do People Learn by Listening to Others? Experimental Evidence from Thailand
Healy, Andrew - EconWPA - 2005
This paper presents experimental evidence about how individuals learn from information that comes from inside versus outside their ethnic group. In the experiment, Thai subjects observed information that came from Americans and other Thais that they could use to help them answer a series of...
Persistent link: https://www.econbiz.de/10005125584
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Learning to Respond: The Use of Heuristics in Dynamic Games
Shor, Mikhael - EconWPA - 2003
While many learning models have been proposed in the game theoretic literature to track individuals’ behavior, surprisingly little research has focused on how well these models describe human adaptation in changing dynamic environments. Analysis of human behavior demonstrates that people are...
Persistent link: https://www.econbiz.de/10005062390
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Little Information, Efficiency, and Learning - An Experimental Study
Mitropoulos, Atanasios - EconWPA - 2001
Earlier experiments have shown that under little information subjects are hardly able to coordinate even though there are no conflicting interests and subjects are organised in fixed pairs. This is so, even though a simple adjustment process would lead the subjects into the efficient, fair and...
Persistent link: https://www.econbiz.de/10005407575
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CONSUMER SEARCH: NOT ENOUGH OR TOO MUCH?
Zwick, Rami; Rapoport, Amnon; Lo, Alison King Chung; … - EconWPA - 2001
We study search behavior in a generalized "secretary problem" environment in which consumers search sequentially for the best alternative from a known and finite set of multi-attribute alternatives. In contrast to most previous studies, we make no distributional assumptions about the quality of...
Persistent link: https://www.econbiz.de/10005408222