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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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From the regulation of sports to lawmaking in parliament, in many situations one group of people ("agents") makes decisions that affect payoffs of others ("principals") who are inactive. As the principals have a stake in the agents' decisions they face an incentive to offer payments in order to...
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relatively complex environments. In this experiment we test whether subjects are more likely to use imitation if they are under …
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This paper examines the effect of an intensive counseling program to promote university access among students who are eligible for university. Using data from the experimental panel study ZuBAb, we examine the average effect on university enrollment directly after high school graduation and the...
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second half of the paper tests the theoretical predictions in an experiment. In contrast to previous literature, the …
Persistent link: https://www.econbiz.de/10012500269
-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
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