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Klishchuk, Bogdan - 2019

less experienced traders. As in a fraction of the uniform-experience literature, lack of short-selling makes room for the … success of such bubble schemes. This previous literature did not allow for persistent effects of experience on beliefs and …, instead, relied on more direct assumptions of belief heterogeneity. Although we map experience into beliefs in a specific way …

Persistent link: https://www.econbiz.de/10012141881

Competition and fatigue at work

Angelova, Vera; Giebe, Thomas; Ivanova-Stenzel, Radosveta - 2018

We study theoretically and experimentally the role of fatigue and recovery within a competitive work environment. At work, agents usually make their effort choice in response to competition and monetary incentives. At the same time, they have to take into account fatigue, which accumulates over...

Persistent link: https://www.econbiz.de/10011985278

How Do Sellers Benefit From Buy-It-Now Prices in Ebay Auctions? -- an Experimental Investigation

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2018

In Buy-It-Now (BIN, hereafter) auctions, sellers can make a \"take-it-or-leave-it\" price offer (BIN price) prior to an auction. We analyse experimentally how eBay sellers set BIN prices and whether they benefit from offering them. Using the real eBay environment in the laboratory, we find that...

Persistent link: https://www.econbiz.de/10011932962

Does experience shape subjective expectations?

Rossmann, Tobias - 2019

variables over the respondents' lifetime, respectively. I find that experience significantly predicts respondents' expectations …

Persistent link: https://www.econbiz.de/10012141887

Face masks increase compliance with physical distancing recommendations during the COVID-19 pandemic

Seres, Gyula; Balleyer, Anna Helen; Cerutti, Nicola; … - 2020

Governments across the world have implemented restrictive policies to slow the spread of COVID-19. Recommended face mask use has been a controversially discussed policy, among others, due to potential adverse effects on physical distancing. Using a randomized field experiment (N=300), we show...

Persistent link: https://www.econbiz.de/10012270856

Intertemporal preferences and the adoption decision for bluetooth speakers

Guhl, Daniel; Klapper, Daniel - 2019

The adoption decision for durable goods is intertemporal by definition. However, estimating utility and discount functions from revealed preference data using dynamic discrete choice models is difficult because of an inherent identification problem. To overcome this issue, we use stated...

Persistent link: https://www.econbiz.de/10012290347

On the causes and consequences of deviations from rational behavior

Zegners, Dainis; Sunde, Uwe; Strittmatter, Anthony - 2020

performance. Consistent with an important influence of intuition and experience, faster decisions are associated with more …

Persistent link: https://www.econbiz.de/10012290377

Face mask use and physical distancing before and after mandatory masking: No evidence on risk compensation in public waiting lines

Seres, Gyula; Balleyer, Anna; Cerutti, Nicola; … - 2022

During the COVID-19 pandemic, the introduction of mandatory face mask usage triggered a heated debate. A major point of controversy is whether community use of masks creates a false sense of security that would diminish physical distancing, counteracting any potential direct benefit from...

Persistent link: https://www.econbiz.de/10013197540

Speed, quality, and the optimal timing of complex decisions: Field evidence

Strittmatter, Anthony; Sunde, Uwe; Zegners, Dainis - 2022

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/10013197557

Fairness and competition in a bilateral matching market

Bester, Helmut - 2021

This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders' fairness attitudes. In equilibrium fairness matters because of market...

Persistent link: https://www.econbiz.de/10012653512