In this paper we present an experiment on the false consensus effect. Unlike previous experiments, we provide monetary …

presented here the 'information technology' of individual decision makers as well as their preferences evolve in a dynamic … influences rational decision making. An indirect evolutionary analysis of an elementary yet important basic game of trust shows …

administered incentives. -- principal agent ; experiment ; specific human capital …

We examine the robustness of information cascades in laboratory experiments. Apart from the situation in which each … player can obtain a signal for free (as in the experiment by Anderson and Holt, 1997, American Economic Review), the case of …

In this paper we investigate four hypotheses which are inconsistent with expected utility theory, but may well be … explained by prospect theory. It deals with framing, the non-linearity of subjective probabilities, the disposition effect, and …) found little correspondence between different experimental risk elicitation methods. -- Prospect Theory ; Framing …

by the collective rule is essential for the degree of support by the participants. -- cooperation ; experiment ; public …

In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different …, while the second contract gives an additional sales bonus. Although theory predicts the second contract to be chosen, it is …

Updating behavior in cascade experiments is usually investigated on the basis of urn prediction. But urn predictions … study subjects' probabilty formation less crudely. The results show that in many situations herding occurs in accordance … former cascade experiments. …