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Alain Ledoux, who was one of over 6,000 chess players taking part in Bühren and Frank´s (2012) online Beauty Contest experiment, turned out to be the forgotten inventor of that game. We reconstruct the birth of the Beauty Contest. In section 1 of our note, its first two authors outline the...
Persistent link: https://www.econbiz.de/10009649739
Rubinstein (2007) has recently found that the frequency of (types of) decisions made in Internet experiments are related to the time taken for these decisions. Other authors have investigated this relationship by exerting some time pressure. In this paper, I report on an attempt to do the...
Persistent link: https://www.econbiz.de/10008552461
In a beauty contest experiment with over 6,000 chess players, ranked from amateur to world class, we found that Grandmasters act very similar to other humans. This even holds true when they play exclusively against players of approximately their own strength. In line with psychological research...
Persistent link: https://www.econbiz.de/10008498338
We examine the willingness to donate depending on whether “misery” is random generated or self-inflicted by too high demands in bilateral negotiations. We find that randomness has a positive influence on the total amount of donation. In case of self-inflicted “misery” we observe that the...
Persistent link: https://www.econbiz.de/10005004427
The notion of face-to-face contacts has recently become very popular in regional economics and in economic geography. This is the most obvious way to explain why firms still locate in proximity to others after the "death of distance", i.e., the shrinking costs for transportation, especially...
Persistent link: https://www.econbiz.de/10005685612
Economic page turners like Freakonomics are well written and there is much to be learned from them – not only about economics, but also about writing techniques. Their authors know how to build up suspense, i.e., they make readers want to know what comes. An uncountable number of pages in...
Persistent link: https://www.econbiz.de/10009150943
This paper presents evidence on biased voting by jurors from the Warsaw Pact countries who ranked high-level chess games. The roots of this bias are probably ideological, as there were no formal benefits for biased voting. Furthermore, this bias is observed only for jurors from Eastern...
Persistent link: https://www.econbiz.de/10010569123