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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
In a tedious real effort task, subjects know that their piece rate is either low or ten times higher. When subjects are informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this instrumental information when given the choice - and...
Persistent link: https://www.econbiz.de/10011340265
avoidance in a real-effort setting. Our experiment offers three main results. First, we confirm that preferences for avoidance …
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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 experimentally studies two simple interventions aimed at increasing public goods provision in settings in which accurate feedback about contributions is not available. The first intervention aims to exploit lying aversion by requiring subjects to send a non-verifiable ex post...
Persistent link: https://www.econbiz.de/10011982104
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