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In symmetric binary-choice coordination games, the global-game selection (GGS) has been proven to predict a high proportion of observed choices correctly. In these games, the GGS is identical to the best response to Laplacian beliefs about the fraction of players choosing either action. This...
Persistent link: https://www.econbiz.de/10014476806
bias. Furthermore, the paper explores the role of information and bargaining power on behavior and profit prospects in Buy …
Persistent link: https://www.econbiz.de/10014477420
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 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
-auction format - a mixture between sealed-bid and open second-price auction with a fixed end-time. Moreover, we find that information … available on eBay can be used as indicator for the price deviation and that sellers respond strategically to this information …
Persistent link: https://www.econbiz.de/10011902715
Overbidding in auctions has been attributed to e.g. risk aversion, loser regret, level-k, and cursedness, relying on varying identifying assumptions. I argue that "type projection" organizes these findings and largely captures observed behavior. Type projection formally models that people tend...
Persistent link: https://www.econbiz.de/10011698267
Informal exchange of information among competitors has been well-documented in a variety of industries, and one … stronger effect on information ows than reducing environmental uncertainty (about the competitor's ability). We further show …
Persistent link: https://www.econbiz.de/10012055632
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
favorable tie-breaking rules can reduce the discouragement effect and increase the designer's revenue. We test these predictions …
Persistent link: https://www.econbiz.de/10011473683