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We examine the relationship between confidence in own absolute performance and risk attitudes using two confidence elicitation procedures: self-reported (non-incentivised) confidence and an incentivised procedure that elicits the certainty equivalent of a bet based on performance. The former...
Persistent link: https://www.econbiz.de/10011434351
Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the strategies of the players. The experimental subjects often...
Persistent link: https://www.econbiz.de/10009535526
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
We examine confidence in own absolute performance using two elicitation procedures: selfreported (non-incentivised) confidence and an incentivised procedure that elicits the certainty equivalent of a bet based on performance. The former procedure reproduces the "hard-easy effect" (overconfidence...
Persistent link: https://www.econbiz.de/10010344292
nature and implications for economic theory remain unclear, for reasons we explain. We present a new experiment which …
Persistent link: https://www.econbiz.de/10012416921
, the nature, causes and implications of the phenomenon for economic theory remain unclear. We present a new experiment …
Persistent link: https://www.econbiz.de/10012242996
Little is known about the underlying mechanisms of behavioral contagion, in particular with respect to differences in contagion of pro- versus anti-social behavior. Our principal contribution is the use of a novel experimental approach that enables us to analyze the contagion of behavior under...
Persistent link: https://www.econbiz.de/10011660748
Prowse experiment are compared, where the latter treatment involves a competition against Nature and removes the scope for …
Persistent link: https://www.econbiz.de/10011660754
We examine the relationship between confidence in own absolute performance and risk attitudes using two elicitation procedures: self-reported (non-incentivised) confidence and an incentivised procedure that elicits the certainty equivalent of a bet based on performance. The former procedure...
Persistent link: https://www.econbiz.de/10010439679
We study Nature's trade-off when endowing people with the cognitive ability to distinguish between different time periods or different prizes. Our key premise is that cognitive ability is a scarce resource, to be deployed only where and when it really matters. We show that this simple insight...
Persistent link: https://www.econbiz.de/10010356713