Showing 1 - 10 of 292
-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …
Persistent link: https://www.econbiz.de/10010397879
-and-stingy. Using an experiment the authors find that both income-status and generosity-status concerns affect behavior. Furthermore …
Persistent link: https://www.econbiz.de/10010478892
negotiation situations. We report the results of a laboratory experiment that was designed to isolate the effect of the curse of …
Persistent link: https://www.econbiz.de/10012141849
Prior laboratory experiments have studied general equilibrium economies constructed from "induced preferences" for artificial goods. We introduce new methods that allow us to study economies constructed instead from subjects' actual, "homegrown" preferences. Our subjects reveal their preferences...
Persistent link: https://www.econbiz.de/10011763083
We develop a theory of optimal stopping problems under ambiguity in continuous time. Using results from (backward) stochastic calculus, we characterize the value function as the smallest (nonlinear) supermartingale dominating the payoff process. For Markovian models, we derive an adjusted...
Persistent link: https://www.econbiz.de/10010272549
We consider optimal stopping problems for ambiguity averse decision makers with multiple priors. In general, backward induction fails. If, however, the class of priors is time-consistent, we establish a generalization of the classical theory of optimal stopping. To this end, we develop first...
Persistent link: https://www.econbiz.de/10010272620
In this paper, we design an investment game which allows us to study the influence of selection when learning from … others. Using the theoretical study of selection neglect in Jehiel (2018) as a guide, we test (i) for the presence of … selection neglect in this investment context, and (ii) some comparative static predictions of the model. We find strong evidence …
Persistent link: https://www.econbiz.de/10011984926
reduce free riding. In this paper we report an attempt to reproduce the findings of Mas and Moretti in a lab experiment. Lab … productivity of colleagues whom they observe. Although the subjects in our experiment are aware of the productivity of others and …
Persistent link: https://www.econbiz.de/10010352470
relatively complex environments. In this experiment we test whether subjects are more likely to use imitation if they are under …
Persistent link: https://www.econbiz.de/10010443385
) multiple price list. Parametric and non-parametric measures of risk preferences are found to shift towards risk neutrality for …
Persistent link: https://www.econbiz.de/10011390744