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We investigate the extent to which price deviations from fundamental values in an experimental asset market are due to the uncertainty of subjects regarding others' rationality. We do so by comparing the price forecasts submitted by subjects in two market environments: (a) all six traders are...
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-image concerns (when everybody sees everyone else). A laboratory experiment is designed to identify separately these concerns, using …
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in performance. This paper reports results from an experiment analyzing whether allowing subjects to self-select into … substantially lower than when the same payment scheme is imposed. Mainly based on risk aversion, sorting is efficiency …
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hypotheses and test them using an experiment on a sample of 200 French University students. The findings suggest that societal …
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market context where the length of the employment relationship is endogenous. In our three-stage gift-exchange experiment …
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