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environment. We apply our model to the coordination game in the experiment of Frydman and Nunnari (2023), and show that it offers …
Persistent link: https://www.econbiz.de/10014486205
The experimental literature on repeated games has largely focused on settings where players discount the future identically. In applications, however, interactions often occur between players whose time preferences differ. We study experimentally the effects of discounting differentials in...
Persistent link: https://www.econbiz.de/10014287389
exploration and lower individual and group payoffs. We test our predictions in an online lab experiment and show that the …
Persistent link: https://www.econbiz.de/10014544680
reduces the variety of independent information sources. We report the results of two experiments, each studying two treatments … can choose to abstain. The first experiment follows a tightly controlled design planned for the lab; the second is a … experiments reach the same result: in both, delegation rates are unexpectedly high and higher than abstention rates, and LD …
Persistent link: https://www.econbiz.de/10013477287
improving the elicitation wording, coding experiments, and producing documentation. Second, we discuss the implementation of … experiments using LLMs, focusing on enhancing causal inference by creating consistent experiences, improving comprehension of …
Persistent link: https://www.econbiz.de/10014372436
We study the effects of an unconditional cash transfer program on social preferences of children. The program allocated $1,076 to randomly selected households in rural Kenya. We measure the social preferences of 4,022 children from 1,687 households with survey questions and incentivized...
Persistent link: https://www.econbiz.de/10014372476
We study strategic disclosure timing by correlated firms in the presence of risk-averse investors. Firms delay disclosures in the hope that positively correlated firms will announce especially good news and lift their own price. Risk premia rise before disclosures, drop when disclosures occur,...
Persistent link: https://www.econbiz.de/10014447256
Firms tend to compete more aggressively in financial distress; the intensified competition in turn reduces profit margins, pushing themselves further into distress and adversely affecting other firms. To study such feedback and contagion effects, we incorporate strategic competition into a...
Persistent link: https://www.econbiz.de/10013537735
-slum wards. Cross-cutting experiments suggest that the public nature of report cards, not access to information on public …
Persistent link: https://www.econbiz.de/10012481883
This paper describes the results of a web-based multi-period insurance purchasing experiment focusing on how …
Persistent link: https://www.econbiz.de/10012457780