Narrow search
Showing 1 - 10 of 740
Cover Image
'Buy-it-Now' or 'Sell-it-Now' Auctions : Effects of Changing Bargaining Power in Sequential Trading Mechanisms
Grebe, Tim - 2015
at a fixed price before an auction. In the "Buy-It-Now" format, the seller has the bargaining power and offers a price … prior to the auction; whereas in the "Sell-It-Now" format, it is the buyer. Both formats are extensively used in online and … offline markets. Despite very different strategic implications for buyers and sellers, results from our experiment suggest no …
Persistent link: https://www.econbiz.de/10013009500
Cover Image
The Role of Bounded Rationality and Imperfect Information in Subgame Perfect Implementation : An Empirical Investigation
Aghion, Philippe - 2015
In this paper we conduct a laboratory experiment to test the extent to which Moore and Repullo's subgame perfect …
Persistent link: https://www.econbiz.de/10013023778
Cover Image
Two-Stage Boundedly Rational Choice Procedures : Theory and Experimental Evidence
Manzini, Paola; Mariotti, Marco - 2021
We study and test a class of boundedly rational models of decision making which rely on sequential eliminative heuristics. We formalize two sequential decision procedures, both inspired by plausible models popular among several psychologists and marketing scientists. However we follow a standard...
Persistent link: https://www.econbiz.de/10013317410
Cover Image
Incentive Complexity, Bounded Rationality and Effort Provision
Abeler, Johannes; Huffman, David; Raymond, Collin - 2023
Using field and laboratory experiments, we demonstrate that the complexity of incentive schemes and worker bounded …
Persistent link: https://www.econbiz.de/10014347039
Cover Image
Cognitive Ability, Character Skills, and Learning to Play Equilibrium : A Level-K Analysis
Gill, David - 2014
of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment …
Persistent link: https://www.econbiz.de/10013052550
Cover Image
Biased Probability Judgment : Evidence of Incidence and Relationship to Economic Outcomes from a Representative Sample
Dohmen, Thomas - 2009
Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...
Persistent link: https://www.econbiz.de/10013159743
Cover Image
Redistributive Politics and Market Efficiency : An Experimental Study
Großer, Jens - 2011
democracy, subjects first earn their income by trading in a double auction market and thereafter vote on redistributive policies …
Persistent link: https://www.econbiz.de/10013134222
Cover Image
Costless Discrimination and Unequal Achievements in a Labour Market Experiment
Filippin, Antonio - 2011
We investigate the emergence of discrimination in an experiment where individuals affiliated to different groups …
Persistent link: https://www.econbiz.de/10013117398
Cover Image
Choice by Lexicographic Semiorders
Manzini, Paola - 2009
We propose an extension of Tversky's lexicographic semiorder to a model of boundedly rational choice. We explore the connection with sequential rationalisability of choice, and we provide axiomatic characterisations of both models in terms of observable choice data
Persistent link: https://www.econbiz.de/10012764477
Cover Image
Testing Bounded Rationality Against Full Rationality in Job Changing Behavior
Contini, Bruno; Morini, Matteo - 2021
In this paper we question the hypothesis of full rationality in the context of job changing behaviour, via simple econometric explorations on microdata drawn from WHIP (Worker Histories Italian Panel). Workers' performance is compared at the end of a three-year time window that starts when...
Persistent link: https://www.econbiz.de/10013316720