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achievement. The effect of school-based comparison is stronger in low-performing countries. By contrast, solely internal testing …
Persistent link: https://www.econbiz.de/10011930457
In this paper, we suggest and analyze a new class of specification tests for random coefficient models. These tests allow to assess the validity of central structural features of the model, in particular linearity in coefficients, generalizations of this notion like a known nonlinear functional...
Persistent link: https://www.econbiz.de/10011899244
disease and the availability of tests to detect asymptomatic spreaders is limited. Contact tracing is a testing strategy that … lockdown corrects this externality, allowing policymakers to buy time to expand the testing scale so as to preserve the testing … system. If the testing capacity is sufficiently large, contact tracing alone can halt the spread of the virus because it …
Persistent link: https://www.econbiz.de/10012628001
Persistent link: https://www.econbiz.de/10013272100
Anchoring is a robust behavioral phenomenon modeled predominantly as a bias in individual judgment. We propose a game-theoretic model that considers players’ beliefs about others’ behavior as a mediator for the effect of the anchor on a player’s choice. The results establish that anchoring...
Persistent link: https://www.econbiz.de/10013191577
Existing theoretical and experimental studies have established that unanimity is a poor decision rule for promoting information aggregation. Despite this, unanimity is frequently used in committees making decisions on behalf of society. This paper shows that when committee members are exposed to...
Persistent link: https://www.econbiz.de/10011696383
Anchoring is one of the most studied and robust behavioral biases, but there is little knowledge about its persistence in strategic settings. This article studies the role of anchoring bias in private-value auctions. We test experimentally two different anchor types. The announcement of a random...
Persistent link: https://www.econbiz.de/10012138992
Persistent link: https://www.econbiz.de/10014634136
Persistent link: https://www.econbiz.de/10014486897
Matching markets can be unstable when individuals prefer to be matched to a partner who also wants to be matched with them. Through a pre-registered and theory-guided laboratory experiment, we provide evidence that such reciprocal preferences exist, significantly decrease stability in matching...
Persistent link: https://www.econbiz.de/10014476792