Showing 1 - 10 of 391
the correspondence of different experimental risk elicitation methods. Overall, 64 participants traded two assets on eight …) found little correspondence between different experimental risk elicitation methods. -- Prospect Theory ; Framing … ; Disposition Effect ; Financial Markets ; Risk Attitude …
Persistent link: https://www.econbiz.de/10009613618
In this paper we present an experiment on the false consensus effect. Unlike previous experiments, we provide monetary …
Persistent link: https://www.econbiz.de/10009581106
We study behavior in experimental beauty contests with, first, boundary and interior equilibria, and, second, homogeneous and heterogenous types of players. We find quicker and better convergence to the game-theoretic equilibrium with interior equilibria and homogeneous players. -- beauty...
Persistent link: https://www.econbiz.de/10009614296
employees to accept lower wages as well? As an alternative to reviewing statistical data, we have performed an experiment with a … lower competitive wage in the second phase of an employment relationship that is known to both parties. The experiment casts …
Persistent link: https://www.econbiz.de/10009578579
to pay far more to enter the ascending auction than is explainable by their risk attitudes when accounting for their … expectations about the risk preferences of their opponents. -- bidder preferences ; private values ; sealed bid auctions …
Persistent link: https://www.econbiz.de/10009627275
the two mechanisms for the symmetric case. We show that subjects in a computerized experiment prefer the two-bid auction … subjects' behavior conform to the equilibrium predictions for risk-averse subjects. We also report some discrepancies between …
Persistent link: https://www.econbiz.de/10009615428
find that within the time horizon which we investigate, learning does not drive toward risk neutral equilibrium bidding and …
Persistent link: https://www.econbiz.de/10009581102
bidders. In our experiment participants face four auction types (first versus second price - auction versus fair division game … of individual bid functions) the evidence for risk aversion, the comparative statics with respect to the game type, the …
Persistent link: https://www.econbiz.de/10009582405
experiment where respondents have to detect corner solutions, that is, they should allocate to the venture either the maximum or … with systematic deviations that are consistent with well-known decision anomalies. Risk propensity is found to have an … have their decision partially driven by their risk propensity. Implications of our findings for entrepreneurs and …
Persistent link: https://www.econbiz.de/10009583426
We review an asymmetric auction experiment. Based on Plum (1992) private valuations of the two bidders are … independently drawn from distinct but commonly known distributions, one of which stochastically dominating the other. We test the … the strong and then test bidders’ preference for first- vs. second–price auctions. -- Experiments ; Sealed Bid Auctions …
Persistent link: https://www.econbiz.de/10009612559