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A Model of Overconfidence
Weinberg, Bruce A. - 2009
People use information about their ability to choose tasks. If more challenging tasks provide more accurate information about ability, people who care about and who are risk averse over their perception of their own ability will choose tasks that are not sufficiently challenging. Overestimation...
Persistent link: https://www.econbiz.de/10013158056
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Information Provision, Incentives, and Attention : A Field Experiment on Facilitating and Influencing Managers' Decisions
Manthei, Kathrin; Sliwka, Dirk; Vogelsang, Timo - 2021
experiment in a large retail chain. In a 2 × 2 factorial design, we vary: (i) whether store managers obtain access to decision …
Persistent link: https://www.econbiz.de/10013238644
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Beliefs and Actions in the Trust Game : Creating Instrumental Variables to Estimate the Causal Effect
Costa-Gomes, Miguel A. - 2010
In many economic contexts, an elusive variable of interest is the agent's expectation about relevant events, e.g. about other agents' behavior. Recent experimental studies as well as surveys have asked participants to state their beliefs explicitly, but little is known about the causal relation...
Persistent link: https://www.econbiz.de/10013148347
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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
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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 rationality can affect effort provision, by shrouding attributes of the incentives. In our setting, complexity leads workers to over-provide effort relative to a fully rational...
Persistent link: https://www.econbiz.de/10014347039
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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
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Strategic Sophistication of Adolescents : Evidence from Experimental Normal-Form Games
Czermak, Simon - 2010
We examine the strategic sophistication of adolescents, aged 10 to 17 years, in experimental normal-form games. Besides making choices, subjects have to state their first- and second-order beliefs. We find that choices are more often a best reply to beliefs if any player has a dominant strategy...
Persistent link: https://www.econbiz.de/10013141220
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Strategic Sophistication of Individuals and Teams in Experimental Normal-Form Games
Sutter, Matthias - 2010
We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games …. Besides making choices, decision makers have to state their first- and second-order beliefs. We find that teams play the Nash …
Persistent link: https://www.econbiz.de/10013148075
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How Transparency Kills Information Aggregation : Theory and Experiment
Fehrler, Sebastian - 2015
We investigate the potential of transparency to influence committee decision-making. We present a model in which career …'s key predictions in a laboratory experiment. The model's predictions are largely borne out – transparency negatively … under secrecy. This occurs despite subjects revealing more information under transparency than theory predicts …
Persistent link: https://www.econbiz.de/10013023008
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Keep it Simple : A Field Experiment on Information Sharing Among Strangers
Batista, Catia; Fafchamps, Marcel; Vicente, Pedro C. - 2022
SMS information campaigns are increasingly used for policy. We conduct a field experiment to study information sharing …
Persistent link: https://www.econbiz.de/10014084060