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conduct a laboratory experiment where firms decide only about their production levels first, and the information they receive …
Persistent link: https://www.econbiz.de/10010530643
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
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
environments. We assign subjects either the role of an agent or a principal in an experiment. Agents perform a real effort task and …. Before making a decision for the agent, we vary whether the principal is informed about the agent's gender or not. Regardless … principal's own preferences for risk and competitiveness matter for the decision to make others compete. In addition, we …
Persistent link: https://www.econbiz.de/10012239500
expect a decision maker to distinguish between different time periods or different prizes? Our key premise is that cognitive …
Persistent link: https://www.econbiz.de/10012058613
the project "Financial decision-making, gender and social norms in Zambia". Using a series of specially designed … against which to evaluate others' behaviour, inform decision-making about maintaining individual control over money at a cost …
Persistent link: https://www.econbiz.de/10012215979
We use a limited information environment to mimic the state of confusion in an experimental, repeated public goods game. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games. However, closer inspection shows that individual decay...
Persistent link: https://www.econbiz.de/10003898816
Recent work in experimental economics on the effectiveness of rewards and punishments for promoting cooperation mainly examines decentralized incentive systems where all group members can reward and/or punish one another. Many self-organizing groups and societies, however, concentrate the power...
Persistent link: https://www.econbiz.de/10009578208