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Splitting leagues or tournaments seems to be puzzling when agents are homogeneous and splitting leads to a negative competition effect. However, it can be shown that the principal can nevertheless benefit from splitting. First, splitting can be used as a divide-and-rule strategy by the principal...
Persistent link: https://www.econbiz.de/10004968376
Abstract: In this paper we experimentally investigate whether the so-called in-group/out-group bias leads to a favoring … of own team members as candidates in promotion (by voting for them) relative to other teams and their members. In … criteria defined and thus the extent of the in-group/out-group bias is exactly measured. Our data show that face …
Persistent link: https://www.econbiz.de/10005032214
This experiment explores whether individuals know that other people are biased. We confirm that overestimation of … subjects' inability to distinguish between random mistakes and a real bias.  Second, we show how the relation between a subject …. Third, we identify a self-serving bias when comparing how a subject evaluates his own and other people's biases. …
Persistent link: https://www.econbiz.de/10004968372
Persistent link: https://www.econbiz.de/10004993141
The Paper reports a basic Experiment on the option pricing approach. Each trader with an increasing utility for money …
Persistent link: https://www.econbiz.de/10004968214
This paper reports an option pricing experiment on the binomial model, which has been conducted with professional … traders of financial assets. The experimental results are compared to a corresponding experiment with students. The data show …
Persistent link: https://www.econbiz.de/10004968286
Dieser Aufsatz beschreibt ein Optionsbewertungsexperiment zum Binomialmodell, das mit professionellen Tradern von Finanztiteln durchgeführt wurde. Die Ergebnisse dieses Experiments werden mit denen eines entsprechenden Versuchs mit Studenten verglichen. Es zeigt sich, daß die professionellen...
Persistent link: https://www.econbiz.de/10004968326
Opinion is divided on whether it is better to have a single world   money or variable exchange rates.  Pope, Selten and von Hagen (2003)   propose that fresh light would be shed via an analysis that allows   for seven complexity impacts on the exchange rate that are   underplayed...
Persistent link: https://www.econbiz.de/10004968330
agents; (3) perceptions of fairness are prone to the so-called self-serving bias. (4) expectations are often not consistent …
Persistent link: https://www.econbiz.de/10004968336
To investigate the influence of performance differences on donating behavior in a solidarity game we introduce a real effort task. In each three-person-group subjects are ranked according to their task performance. Since each potential winner is informed about his own rank and the potential...
Persistent link: https://www.econbiz.de/10004968345