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We provide an example for an errors in variables problem which might be often neglected but which is quite common in lab experimental practice: In one task, attitude towards risk is measured, in another task participants behave in a way that can possibly be explained by their risk attitude. How...
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Online platforms provide search tools that help consumers to get betterfitting product offers. But this technology makes consumer search behavior also easily traceable for the platform and allows for real-time price discrimination. Consumers face a trade-off: Search intensely and receive better...
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controlled conditions, we have conducted a public goods experiment with central punishment. The authority is neutral - she does …
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investment behavior. In our experiment, subjects decide about investments into real-life mutual funds. We find that subjects …
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Does interacting product and labor market regulation alter the impact of immigration on wages of competing native workers? Focusing on the large, sudden and unanticipated wave of migration from East to West Germany after German reunification and allowing for endogenous immigration, we compare...
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expected utility models such as cumulative prospect theory (CPT), but use information in a non-compensatory manner and ignore … ; Decision Latency ; Process Tracing ; Cumulative Prospect Theory …
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, theory even predicts that strategic interaction forces firms to set the market clearing price. For society, this would be … oligopoly as a linear public good. -- Cartel ; Oligopoly ; Bertrand ; Cournot ; Public Good ; Externality ; Experiment …
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