Showing 1 - 10 of 239
We consider the problem of sequential search when the decision to stop searching is made by a committee. We show that a …
Persistent link: https://www.econbiz.de/10010268133
We study the effect of team decision-making on bubbles and crashes in experimental asset markets of the kind introduced … participants generally, we conjecture that they may be due to factors specific to the psychology of decision-making in male …
Persistent link: https://www.econbiz.de/10010269599
We use a laboratory gift-exchange game to examine decisions made by groups under three different procedures that dictate how group members interact and reach decisions in comparison to individuals acting alone. We find that group decisions do deviate from those of individuals, but the direction...
Persistent link: https://www.econbiz.de/10010268757
Child labor is often condemned as a form of exploitation. I explore how the notion of exploitation, as used in everyday language, can be made precise in economic models of child labor. Exploitation is defined relative to a specific social welfare function. I first show that under the standard...
Persistent link: https://www.econbiz.de/10010319596
economics. This paper explores voting on a scheme of intergroup competition, which facilitates cooperation in a social dilemma … outcome depends strongly on specific voting rules of institutional choice. If the majority decides, competition is almost …
Persistent link: https://www.econbiz.de/10010283979
In this paper, we examine the determinants of decision-making power by children and young adolescents. Moving beyond … of parental control of child behavior and child resistance. Using child reports of decision-making and psychological and … cognitive measures from the NLSY79 Child Supplement, we examine the determinants of shared and sole decision-making in seven …
Persistent link: https://www.econbiz.de/10010268524
. 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/10010269696
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/10010272677
Social preferences have been shown to be an important determinant of economic decision making for many adults. We …
Persistent link: https://www.econbiz.de/10010269867
emphasizing variables derived from formal decision theory. In a data set on trainee truckers in a large US company, we provide a … comparing the predictive power of measurements derived from personality theory and decision theory for several individual …. Further, decision theory and personality variables are meaningfully related. For example, we confirm that cognitive ability …
Persistent link: https://www.econbiz.de/10010287694