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In a credence goods game with an expert and a consumer, we study experimentally the impact of two devices that are predicted to induce consumer-friendly behavior if the expert has a propensity to feel guilty when he believes that he violates the consumerʼs payoff expectations: (i) an...
Persistent link: https://www.econbiz.de/10011049695
sophisticated beliefs about others. Here we are interested in learning that occurs between games where the set of actions is not … occurs by switching from non-belief-based strategies to belief-based strategies. The sophistication of the beliefs themselves …
Persistent link: https://www.econbiz.de/10010597534
experiment to pin down estimates of subjectsʼ beliefs. Estimates show that subjects are more reluctant to “update down” following …
Persistent link: https://www.econbiz.de/10011049849
biased while preserving their self-image as ethical and identify limits to advisors' ability to self-deceive. In experiments … affects advisors' beliefs and preferences over the investments. Biased advice persists with minimal justifications but is …
Persistent link: https://www.econbiz.de/10012505192
We study first- and second-order subjective expectations (beliefs) in strategic decision-making. We elicit … probabilistically both first- and second-order beliefs and apply the method to a Hide-and-Seek experiment. We study the relationship … between choice and beliefs in terms of whether observed choice coincides with the optimal action given elicited beliefs. We …
Persistent link: https://www.econbiz.de/10010738051
optimal timing of productivity bonuses, I find that a decreasing path of beliefs reduces the cost of providing incentives …
Persistent link: https://www.econbiz.de/10010931203
We present evidence from laboratory experiments of behavioral spillovers and cognitive load that spread across … strategic contexts. In the experiments, subjects play two distinct games simultaneously with different opponents. We find that …
Persistent link: https://www.econbiz.de/10010597542
. However, the empirical basis of this research relies to a large extent on experiments that do not provide anonymity between … engage in seemingly other-regarding behavior. If this were the case, these experiments would overestimate the importance of …
Persistent link: https://www.econbiz.de/10010577246
. Our findings draw attention to the detrimental effect of profit-seeking enforcement on the efficacy of punishment. …
Persistent link: https://www.econbiz.de/10011049700
experiments, and recent research has shown the importance of identity in a wide array of economic environments. But predictions …
Persistent link: https://www.econbiz.de/10011049776