Showing 1 - 10 of 13
Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future …
Persistent link: https://www.econbiz.de/10011559600
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 …
Persistent link: https://www.econbiz.de/10010319432
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 …
Persistent link: https://www.econbiz.de/10010706055
The paper develops a committee search model with ex-ante heterogeneous agents and designs laboratory experiments to test theoretical predictions. In the theoretical part of the study, there exists one and only one pivotal voter, who can perfectly and dominantly control the voting results of the...
Persistent link: https://www.econbiz.de/10011653488
' beliefs fit remarkably well requirements imposed by the Bayesian equilibrium concept. …
Persistent link: https://www.econbiz.de/10010262147
We investigate the potential of transparency to influence committee decision-making. We present a model in which career concerned committee members receive private information of different type-dependent accuracy, deliberate and vote. We study three levels of transparency under which career...
Persistent link: https://www.econbiz.de/10010531712
The objective of this paper is to design a laboratory experiment for an infinite-horizon sequential committee search model in order to test some of the implications obtained by the model in Albrecht, Anderson, and Vroman (2010) (AAV). We find that, compared with single-agent search, the search...
Persistent link: https://www.econbiz.de/10010289995
The objective of this paper is to design a laboratory experiment for an infinite-horizon sequential committee search model in order to test some of the implications obtained by the model in Albrecht, Anderson, and Vroman (2010) (AAV). We find that, compared with single-agent search, the search...
Persistent link: https://www.econbiz.de/10010884170
We investigate the potential of transparency to influence committee decision-making. We present a model in which career concerned committee members receive private information of different type-dependent accuracy, deliberate and vote. We study three levels of transparency under which career...
Persistent link: https://www.econbiz.de/10011273190
' beliefs fit remarkably well requirements imposed by the Bayesian equilibrium concept. …
Persistent link: https://www.econbiz.de/10005566605