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This paper presents an empirical investigation of the relation between decision speed and decision quality for a real-world setting of cognitively-demanding decisions in which the timing of decisions is endogenous: professional chess. Move-by-move data provide exceptionally detailed and precise...
Persistent link: https://www.econbiz.de/10013191595
-price (English) auctions with independent private values. In a laboratory experiment, we find that individuals overbid more than …
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experiment with a large representative sample (N = 1,832), we vary whether risky choices are induced to be based on either …
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so in the latter half of the experiment. This result contradicts Croson (2000). We discuss the implications of our …
Persistent link: https://www.econbiz.de/10003375964
Belief elicitation is an important methodological issue for experimental economists. There are two generic questions: 1) Do incentives increase belief accuracy? 2) Are there interaction effects of beliefs and decisions? We investigate these questions in the case of finitely repeated public goods...
Persistent link: https://www.econbiz.de/10003990218
endowment effect experiment by eliciting both WTA and WTP from each of our 360 subjects (randomly selected customers of a car …
Persistent link: https://www.econbiz.de/10003502465
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