Showing 1 - 10 of 444
We experimentally investigate the determinants of overconfidence and test the hypothesis, advanced by Robert Trivers, that overconfidence serves to more effectively persuade or deceive others. After performing a cognitively challenging task, half of our subjects are informed about the...
Persistent link: https://www.econbiz.de/10011441641
context where the prevalence of lying is typically higher? Results from a lab experiment reveal that the impact of an oath on …Previous studies have shown that an oath can reduce lying at an individual level. Can oaths reduce lying in groups, a … lying in a group context depends on the incentive structure. Oath reduces lying only when payoffs are independent. Evidence …
Persistent link: https://www.econbiz.de/10014390437
Lying to participants offers an experimenter the enticing prospect ofmaking "others' behaviour" a controlled variable … experiment shows there is a workable alternative todeception. …
Persistent link: https://www.econbiz.de/10011304381
Social norms permeate society across a wide range of issues and are important to understanding how societies function. In this paper we concentrate on 'bad' social norms - those that are inefficient or even damaging to a group. This paper explains how bad social norms evolve and persist; our...
Persistent link: https://www.econbiz.de/10011446896
Persistent link: https://www.econbiz.de/10009767008
agreements among firms may promote public interest objectives. We test this idea in a laboratory experiment. Participants playing …
Persistent link: https://www.econbiz.de/10012026010
In the past, many refinements have been proposed to select equilibria in cheap talk games. Usually, these refinements were motivated by a discussion of how rational agents would reason in some particular cheap talk games. In this paper, we propose a new refinement and stability measure that is...
Persistent link: https://www.econbiz.de/10010477113
This experiment compares the price dynamics and bubble formation in an asset market with a price adjustment rule in …
Persistent link: https://www.econbiz.de/10011333057
We discuss recent work on bounded rationality and learning in relation to Soros' principle of reflexivity and stress the empirical importance of non-rational, almost self-fulfilling equilibria in positive feedback systems. As an empirical example, we discuss a behavioral asset pricing model with...
Persistent link: https://www.econbiz.de/10010227330
Rational expectations assumes perfect, model consistency between beliefs and market realizations. Here we discuss behaviorally rational expectations, characterized by an observable, parsimonious and intuitive form of consistency between beliefs and realizations. We discuss three case-studies....
Persistent link: https://www.econbiz.de/10010227365