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economic laboratory experiment. The underlying theoretical framework relies on the modeling concepts from game theory and …
Persistent link: https://www.econbiz.de/10011299277
In this paper individual overconfidence within the context of an experimental asset market is investigated. Overall, 72 participants traded one risky asset on six markets of 12 participants each. The results indicate that individuals were not generally overconfident. Moreover, overconfidence was...
Persistent link: https://www.econbiz.de/10009614297
Updating behavior in cascade experiments is usually investigated on the basis of urn prediction. But urn predictions alone can only provide a very rough information on individual updating behavior. Therefore, we implement a BDM mechanism. Subjects have to submit maximum prices that they are...
Persistent link: https://www.econbiz.de/10009613603
In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any …
Persistent link: https://www.econbiz.de/10009580461
Persistent link: https://www.econbiz.de/10010462251
sequencing structure of game types, game rules do matter, and directional learning theory offers a partial explanation for bid …We examine learning behavior in auctions and Fair division games with independent private values under two different … than single bids. This allows us to examine whether learning is influenced by the structural differences between games. We …
Persistent link: https://www.econbiz.de/10009581102
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Robust learning experiments confront participants with structurally different decision environments which they …
Persistent link: https://www.econbiz.de/10009612041
player can obtain a signal for free (as in the experiment by Anderson and Holt, 1997, American Economic Review), the case of …
Persistent link: https://www.econbiz.de/10009612571
Persistent link: https://www.econbiz.de/10012542742