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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...
Persistent link: https://www.econbiz.de/10013191595
longitudinal experiment over four weeks, individuals have to complete a cumbersome task of unknown length. They are exposed to …
Persistent link: https://www.econbiz.de/10014487122
-price (English) auctions with independent private values. In a laboratory experiment, we find that individuals overbid more than …
Persistent link: https://www.econbiz.de/10012500699
experiment with a large representative sample (N = 1,832), we vary whether risky choices are induced to be based on either …
Persistent link: https://www.econbiz.de/10012118611
on cooperative behavior. In a survey experiment with a representative sample of the Swedish population (N = 1,828), we …
Persistent link: https://www.econbiz.de/10012237149
sense-making explanation (or narrative). Using a theory-driven experiment, we investigate the mechanics of such narrative …
Persistent link: https://www.econbiz.de/10014532535
sense-making explanation (or narrative). Using a theory-driven experiment, we investigate the mechanics of such narrative …
Persistent link: https://www.econbiz.de/10014537296
Overbidding in sealed-bid second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we...
Persistent link: https://www.econbiz.de/10014476711
Persistent link: https://www.econbiz.de/10012667757
Persistent link: https://www.econbiz.de/10000767259