Showing 1 - 10 of 261
We study in an experiment whether humans prefer to depend on decisions of other humans (social uncertainty) or states … other humans. This is the first experiment that studies social uncertainty that does not derive from a strategic situation …
Persistent link: https://www.econbiz.de/10011392605
. -- imperfect recall ; absentmindedness ; dynamic inconsistency ; experiment …
Persistent link: https://www.econbiz.de/10003980493
We report the results of a combination of a dictator experiment with either a "social planner" or a "veil of ignorance …" experiment. The experimental design and the analysis of the data are based on the theoretical framework proposed in the companion … Agreement and Symmetry axioms proposed in BHH; we find that for 80% of participants the evidence is very strong. The experiment …
Persistent link: https://www.econbiz.de/10010370990
We experimentally study the inuence of induced group identity on the determination of prices and beliefs in a small market game. We create group identity through a focal point coordination game. Subjects play a three-person bargaining game where one seller can sell an indivisible good to one of...
Persistent link: https://www.econbiz.de/10009310129
whether this type of behavior persists when risk comes into play. I devise an experiment which sheds light on the …
Persistent link: https://www.econbiz.de/10003824191
We present an experiment designed to test the Modigliani-Miller theorem. Applying a general equilibrium approach and … (control) individual decision-making experiment, eliciting several points on individual demand and supply curves for shares …
Persistent link: https://www.econbiz.de/10008991289
We assess the empirical validity of the overall theoretical framework of other-regarding preferences by focusing on those preference axioms that are common to all the prominent theories of outcome-based other-regarding preferences. This common set of preference axioms leads to a testable...
Persistent link: https://www.econbiz.de/10009306937
position vis-á-vis others. Taking a bet can improve oneś position relative to others or threaten it. We present an experiment …
Persistent link: https://www.econbiz.de/10009784058
can be socially beneficial. We test in an innovative laboratory experiment whether increasing the variability of an …, increasing variability gradually crowds-out compliant choices. Finally, in the experiment minimal variability of the legal …
Persistent link: https://www.econbiz.de/10011580756
Overweighting private information is often used to explain various detrimental decisions. In behavioral economics and finance, it is usually modeled as a direct consequence of misperceiving signal reliability. This bias is typically dubbed overconfidence and linked to the judgment literature in...
Persistent link: https://www.econbiz.de/10008669956