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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/10014467730
disadvantaged group or handicap for the privileged group, affect behavior. We examine these questions in a laboratory experiment in …
Persistent link: https://www.econbiz.de/10014467732
We examine the degree of trust and reciprocity in an experimental trust game with 662 participants from six different age groups, ranging from 8 year old primary school children to retired persons in their late sixties. Although both trust and reciprocity have been identified as fundamental...
Persistent link: https://www.econbiz.de/10005765128