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In many economic contexts, an elusive variable of interest is the agent's belief about relevant events, e.g. about other agents' behavior. A growing number of surveys and experiments ask participants to state beliefs explicitly but little is known about the causal relation between beliefs and...
Persistent link: https://www.econbiz.de/10009583740
This paper presents an experiment on a coordination game with extrinsic random signals, in which we systematically vary …
Persistent link: https://www.econbiz.de/10011596121
in this domain. In contrast, the average participant in our experiment is strikingly close to Bayesian in her belief …
Persistent link: https://www.econbiz.de/10011542204
asymmetric updating in this domain. In contrast, in our experiment, belief updating is close to the Bayesian benchmark on average …
Persistent link: https://www.econbiz.de/10012064638
asymmetric updating in this domain. In contrast, in our experiment, belief updating is close to the Bayesian benchmark on average …
Persistent link: https://www.econbiz.de/10012029067
asymmetric updating in this domain. In contrast, in our experiment, belief updating is close to the Bayesian benchmark on average …
Persistent link: https://www.econbiz.de/10012178991
relatively complex environments. In this experiment we test whether subjects are more likely to use imitation if they are under …
Persistent link: https://www.econbiz.de/10010457243
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/10011902715
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
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/10011976073