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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...
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-price (English) auctions with independent private values. In a laboratory experiment, we find that individuals overbid more than …
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This paper studies the effects of two different frames on decisions in a dictator game. Before making their allocation decision, dictators read a short text. Depending on the treatment, the text either emphasizes their decision power and freedom of choice or it stresses their responsibility for...
Persistent link: https://www.econbiz.de/10011849527
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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voting. Using a laboratory experiment to simulate a data-entry organization, we find that, while autocratic decision …
Persistent link: https://www.econbiz.de/10011383975
Standard equilibrium concepts in game theory find it difficult to explain the empirical evidence from a large number of static games, including the prisoner's dilemma game, the hawk-dove game, voting games, public goods games and oligopoly games. Under uncertainty about what others will do in...
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