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Emotions and Economic Shocks in a First-Price Auction

Bosman, Ronald; Riedl, Arno - Tinbergen Institute - 2003

We investigate experimentally whether emotions affect bidding behavior in a first price auction. To induce emotions, we … confront subjects after a first auction series with a positive or negative random economic shock. We then explore the relation … between emotions and bidding behavior in a second auction series. Our main results are: (i) the economic shock has a …

Persistent link: https://www.econbiz.de/10005137109

Bidding to give in the Field: Door-to-Door Fundraisers had it right from the Start

Onderstal, Sander; Schram, Arthur J.C.; Soetevent, … - Tinbergen Institute - 2011

In a door-to-door fundraising field experiment, we study the impact of fundraising mechanisms on charitable giving. We … approached about 4500 households, each participating in either an all-pay auction, a lottery, a non-anonymous voluntary … contribution mechanism (VCM), or an anonymous VCM. In contrast to the VCMs, households competed for a prize in the all-pay auction …

Persistent link: https://www.econbiz.de/10009003388

Inverse Adverse Selection: The Market for Gems

Dari-Mattiacci, Giuseppe; Onderstal, Sander; Parisi, … - Tinbergen Institute - 2011

This paper studies markets plagued with asymmetric information on the quality of traded goods. In Akerlof's setting, sellers are better informed than buyers. In contrast, we examine cases where buyers are better informed than sellers. This creates an inverse adverse selection problem: The market...

Persistent link: https://www.econbiz.de/10008838639

Auctions under Payoff Uncertainty: The Case with Heterogeneous Bidder-Aversion to Downside Risk

Hu, Audrey; Zou, Liang - Tinbergen Institute - 2008

This paper characterizes the optimal first-price auction (FPA) and second-price auction (SPA) for selling rights …

Persistent link: https://www.econbiz.de/10005136943

Materials, Capital, Direct/Indirect Substitution and Mass Balance Production Functions

Bergh, Jeroen C.J.M. van den - Tinbergen Institute - 1998

A foundation is provided for a correct and accurate analysis of the relationship between monetary values and physical dimensions in economic production. A distinction is proposed between direct and indirect substitution. Linked to this, a classification is offered of various types of...

Persistent link: https://www.econbiz.de/10005504911

Money talks? An Experimental Investigation of Cheap Talk and Burned Money

Haan, Thomas de; Offerman, Theo; Sloof, Randolph - Tinbergen Institute - 2011

We experimentally study the strategic transmission of information in a setting where both cheap talk and money can be used for communication purposes. Theoretically a large number of equilibria exist side by side, in which senders either use costless messages, money, or a combination of the two....

Persistent link: https://www.econbiz.de/10009003387

Social Preferences in Private Decisions

Linde, Jona; Sonnemans, Joep - Tinbergen Institute - 2012

Social preference models were originally constructed to explain two things: why people spend money to affect the earnings of others and why the income of others influences reported happiness. We test these models in a novel experimental situation where participants face a risky decision that...

Persistent link: https://www.econbiz.de/10009391881

Same Work, Lower Grade? Student Ethnicity and Teachers’ Subjective Assessments

Ewijk, Reyn van - Tinbergen Institute - 2010

majority teachers grade minority and majority students differently for the same work. Using an experiment, I rule out the …

Persistent link: https://www.econbiz.de/10008764968

The Trust Game behind the Veil of Ignorance: A Note on Gender Differences

Vyrastekova, Jana; Onderstal, Sander - Tinbergen Institute - 2010

We analyze gender differences in the trust game in a "behind the veil of ignorance" design. This method yields strategies that are consistent with actions observed in the classical trust game experiments. We observe that, on average, men and women do not differ in "trust", and that women are...

Persistent link: https://www.econbiz.de/10008838587

Equilibrium Selection in Cheap Talk Games: ACDC rocks when Other Criteria remain silent

Ruiz, Adrian de Groot; Offerman, Theo; Onderstal, Sander - Tinbergen Institute - 2011

the size of credible deviations. In our experiment, we find support for the relevance of credible deviations. In addition …

Persistent link: https://www.econbiz.de/10008838631