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This paper empirically explores relations between network positions in knowledge networks andtrust. In social network … theory the closure argument and the gossip argument describe thisrelation. These two arguments do not distinguish between …-specific knowledge networks. Empirical data were collected on a network of 55 individuals inthe setting of account management. These data …
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firms survive and others do not than does neoclassical economics. At the heart of the evolutionary theory isthe view that …
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The strategy method is becoming an important tool in experimentalmethodology. This study examines how well this method works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice solving the problem andformulating strategies, they play...
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In repeated number guessing games choices typically converge quickly to the Nash equilibrium. In positive expectations feedback experiments, however, convergence to the equilibrium price tends to be very slow, if it occurs at all. Both types of experimental designs have been suggested as...
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This experiment compares the price dynamics and bubble formation in an asset market with a price adjustment rule in three treatments where subjects (1) submit a price forecast only, (2) choose quantity to buy/sell and (3) perform both tasks. We find deviation of the market price from the...
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