Showing 1 - 10 of 10
and reciprocity). In addition to incentivised elicitation of first- and second-order action beliefs, we assess … intentions-based models. Both second-order beliefs and the weighting factor that depends on a participant's sensitivity to guilt/reciprocity … returned. -- social preferences ; other-regarding behaviour ; experiments ; trust game ; guilt aversion ; beliefs …
Persistent link: https://www.econbiz.de/10008689019
-regarding behaviour ; experiments ; psychological game theory ; guilt aversion ; shame ; beliefs ; emotions ; partnership …
Persistent link: https://www.econbiz.de/10009230371
-regarding behavior ; self-image ; experiments ; cognitive dissonance ; social norms ; normative beliefs ; expectations …
Persistent link: https://www.econbiz.de/10009129721
. -- Information cascades ; Laboratory experiments ; Naive herding …
Persistent link: https://www.econbiz.de/10009487805
This paper examines the occurrence and fragility of information cascades in laboratory experiments. One group of low … private information. In line with existing experiments on information cascades, we find some evidence that low informed …
Persistent link: https://www.econbiz.de/10003803102
The emergence of Pay-What-You-Want (PWYW) business models as a successful alternative to conventional uniform pricing brings up new questions related to the task of pricing. We investigate the effect of a reduction of privacy on consumers' purchase decisions (whether to buy, and if so how much...
Persistent link: https://www.econbiz.de/10009792172
-regarding behavior ; experiments ; social dilemma ; cognitive dissonance …
Persistent link: https://www.econbiz.de/10008746951
We conduct a modified dictator game in order to analyze the role self-image concerns play in other-regarding behavior. While we generally follow Konow (2000), a cognitive dissonance-based model of other-regarding behavior in dictator games, we relax one of its assumptions as we allow for...
Persistent link: https://www.econbiz.de/10010475637
We revisit the economic models of social learning by assuming that individuals update their beliefs in a non-Bayesian way. Individuals either overweigh or underweigh (in Bayesian terms) their private information relative to the public information revealed by the decisions of others and each...
Persistent link: https://www.econbiz.de/10003924223
learning in information cascade experiments. He concludes that participants perform poorly when learning from others and that … rejected, but we measure a much larger success of social learning. -- Information Cascades ; Laboratory Experiments ; Quantal …
Persistent link: https://www.econbiz.de/10009500719