Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future …, however, is not uniform but depends on context. When the environment allows subjects to not focus attention on (negative …

expectations. We examine the predictions of Kőszegi and Rabin (2006) in the context of market experiments with probabilistic forced … these theoretical predictions. In a series of experiments with a total of 930 subjects, sellers' valuations exceed buyers …' valuations under all probabilities of forced exchange. In robustness tests where attention is drawn specifically to the forced …

mechanism's robustness is explored in further experiments. …

decision makers in the family and the society. We test these alternative hypotheses running Dictators experiments in Italy, a …

The paper develops a committee search model with ex-ante heterogeneous agents and designs laboratory experiments to …

beliefs. Subjects choose how to invest earnings from a skill task when the returns depend solely upon risk, or both risk and … relative placement, enabling joint estimation of individual risk preferences and implied subjective beliefs of placing in the …

learning. -- beliefs ; correlation neglect ; experiments ; markets ; overshooting … and treat correlated information as independent. In consequence, people's beliefs are excessively sensitive to well …-connected information sources, implying a pattern of "overshooting" beliefs. Additionally, in an experimental asset market, correlation …