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Correlation neglect in belief formation
Enke, Benjamin; Zimmermann, Florian - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010211474
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Imitation : theory and experimental evidence
Alpesteguia, Jose; Huck, Steffen; Oechssler, Joerg - 2003
. In alaboratory experiment we test the different theories by systematically varying informationconditions. We find that …
Persistent link: https://www.econbiz.de/10011509505
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Price vs. quantity competition in a vertically related market revisited
Basak, Debasmita; Mukherjee, Arijit - 2016
In a recent paper, Alipranti et al. (2014, Price vs. quantity competition in a vertically related market, Economics Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to Bertrand competition if the upstream firm subsidises...
Persistent link: https://www.econbiz.de/10011569602
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Reciprocity and emotions : arousal, self-reports, and expectations
Ben Shaḥar, Gershon; Bornstein, Gary; Hopfensitz, Astrid - 2004
Although reciprocity is a key concept in the social sciences, it is still unclear why people engage in costly reciprocation. In this study, physiological and self-report measures were employed to investigate the role of emotions, using the Power-to-Take Game. In this 2-person game, player 1 can...
Persistent link: https://www.econbiz.de/10011451382
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Gender differences in experimental wage negotiations
Dittrich, Marcus; Knabe, Andreas; Leipold, Kristina - 2012
-to-face alternating-offers wage bargaining. Our results suggest that male players are able to obtain better bargaining outcomes than … than female employers pay to male employees. Moreover, we find gender differences in the first offers of the bargaining … game. -- gender differences ; wage bargaining ; labor market experiment …
Persistent link: https://www.econbiz.de/10009571284
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Bargaining and time preferences : an experimental study
Kim, Jeongbin; Lim, Wooyoung; Schweighofer-Kodritsch, … - 2020
We generalize the Rubinstein (1982) bargaining model by disentangling payoff delay from bargaining delay. We show that …. Using a novel experimental design to control for various confounds, we then test comparative statics predictions with … respect to time discounting. All bargaining takes place within a single experimental session, so bargaining delay is …
Persistent link: https://www.econbiz.de/10012312122
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Efficiency-morality trade-offs in repugnant transactions : a choice experiment
Elías, Julio; Lacetera, Nicola; Macis, Mario - 2016
Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors. Preferences were heterogeneous, ranging from...
Persistent link: https://www.econbiz.de/10011539004
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Let the market decide : an experimental study of competition and fairness
Bartling, Björn; Grieder, Manuel; Zehnder, Christian - 2014
Is competition perceived as a fair procedure? We report data from laboratory experiments where a powerful buyer can …
Persistent link: https://www.econbiz.de/10010361425
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Cooperation and mistrust in relational contracts
Herz, Holger; Schmutzler, Armin; Volk, André - 2016
Work and trade relationships are often governed by relational contracts, in which incentives for cooperative action today stem from the prospective future benefits of the relationship. In this paper, we study how reductions in clarity about the financial consequences of actions, induced by...
Persistent link: https://www.econbiz.de/10011521953
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Relational contracts and trust in a high-tech industry
Calzolari, Giacomo; Felli, Leonardo; Koenen, Johannes; … - 2021
these findings within a relational contracting model that critically focuses on changes in the bargaining power, due to …
Persistent link: https://www.econbiz.de/10012649766