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Price dynamics and trader overconfidence
Ahrens, Steffen; Bosch-Rosa, Ciril; Roulund, Rasmus - 2019
Overconfidence is one of the most important biases in financial markets and commonly associated with excessive trading and asset market bubbles. So far, most of the finance literature takes overconfidence as a given, "static" personality trait. In this paper we introduce a novel experimental...
Persistent link: https://www.econbiz.de/10012034133
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Does having insurance change individuals self-confidence?
Guber, Raphael; Kocher, Martin; Winter, Joachim - 2018
subjects' self-confidence. Our novel experimental design allows us to disentangle selection into insurance from the effects of …
Persistent link: https://www.econbiz.de/10011899247
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The influence of overconfidence and competition neglect on entry into competition
Schüssler, Katharina - 2018
I investigate whether two mechanisms leading to biased beliefs about success, overconfidence and competition neglect, influence decisions to enter competitive environments. I use a controlled laboratory setting that allows to elicit belief distributions related to absolute as well as relative...
Persistent link: https://www.econbiz.de/10011900069
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Confidence and career choices : an experiment
Barron, Kai; Gravert, Christina - 2019 - Revised January 2019
Confidence is often seen as the key to success. Empirical evidence about how such beliefs about one's abilities … confidence about one's own ability on two central choices made by workers in the labor market: choosing between jobs with … confidence leads to an increase in subjects' propensity to choose payment schemes that depend heavily on ability. This is …
Persistent link: https://www.econbiz.de/10011964220
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Beliefs and actions in the trust game : creating instrumental variables to estimate the causal effect
Costa-Gomes, Miguel A.; Huck, Steffen; Weizsäcker, Georg - 2012
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
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The choice of institutions to solve cooperation problems : a survey of experimental research
Dannenberg, Astrid; Gallier, Carlo - 2019
A growing experimental literature studies the endogenous choice of institutions to solve cooperation problems arising in prisoners' dilemmas, public goods games, and common pool resource games. Participants in these experiments have the opportunity to influence the rules of the game before they...
Persistent link: https://www.econbiz.de/10012010646
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A political theory of Russian orthodoxy : evidence from public goods experiments
Grigoriadis, Theocharis - 2013
In this paper, I test the effects of religious norms on the provision of public goods. My evidence is drawn from public goods experiments that I ran with regional bureaucrats in Tomsk and Novosibirsk, Russia. I introduce three treatments, which I define as degrees of Eastern Orthodox...
Persistent link: https://www.econbiz.de/10009783971
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Everyone likes to be liked : experimental evidence from matching markets
Opitz, Timm; Schwaiger, Christoph - 2023
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
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Teams and individuals in standard auction formats : decisions and emotions
Karmeliuk, Maria; Kocher, Martin - 2021
Our study compares individual and team bidding in standard auction formats: first-price, second-price and ascending-price (English) auctions with independent private values. In a laboratory experiment, we find that individuals overbid more than teams in first-price auctions and deviate more from...
Persistent link: https://www.econbiz.de/10012500699
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Social preferences under the shadow of the future
Kölle, Felix; Quercia, Simone; Tripodi, Egon - 2023
Social interactions predominantly take place under the shadow of the future. Previous literature explains cooperation in indefinitely repeated prisoner's dilemma as predominantly driven by self-interested strategic considerations. This paper provides a causal test of the importance of social...
Persistent link: https://www.econbiz.de/10014481063