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Persistent link: https://www.econbiz.de/10009767008
Neutral framing is a standard tool of experimental economics. However, overly neutral instructions, which lack any contextual clues, can lead to strange behavior. In a contextless second price auction for a meaningless good, a majority of subjects enter positive bids - a case of cognitive...
Persistent link: https://www.econbiz.de/10010357905