Showing 1 - 10 of 200
We report a controlled laboratory experiment examining risk-taking and information aggregation in groups facing a … common risk. The experiment allows us to examine how subjects respond to new information, in the form of both privately …
Persistent link: https://www.econbiz.de/10010515798
We investigate experimentally the effect of consultation (unincentivized advice) on choices under risk in an incentivized investment task. We compare these choices to two benchmark treatments: one with isolated individual choices, and a second with group choice after communication. Our...
Persistent link: https://www.econbiz.de/10009689911
We investigate experimentally the effect of consultation (unincentivized advice) on choices under risk in an incentivized investment task. We compare consultation to two benchmark treatments: one with isolated individual choices, and a second with group choice after communication. Our benchmark...
Persistent link: https://www.econbiz.de/10009757008
We report an experiment examining risk taking and information aggregation in groups. Group members come to the table …
Persistent link: https://www.econbiz.de/10010371298
Using an experiment with incentivized decisions of groups in the economics laboratory, I investigate the effect of …
Persistent link: https://www.econbiz.de/10010187863
, 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
We use a simple cost-benefit analysis to derive optimal similarity judgments - addressing the question: when should we expect a decision maker to distinguish between different time periods or different prizes? Our key premise is that cognitive resources are costly and are to be deployed only...
Persistent link: https://www.econbiz.de/10012058613
Persistent link: https://www.econbiz.de/10003375958
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/10008738472
Persistent link: https://www.econbiz.de/10003563626