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The curse of knowledge increases self-selection into competition: Experimental evidence
Danz, David - 2014
-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …
Persistent link: https://www.econbiz.de/10010397879
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How low can you go? Charity reporting when donations signal income and generosity
Bracha, Anat; Vesterlund, Lise - 2013
-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
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Negotiation under the curse of knowledge
Pierrot, Thibaud - 2019
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
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Aggregation and convergence in experimental general equilibrium economies constructed from naturally occurring preferences
Crockett, Sean; Friedman, Daniel; Oprea, Ryan - 2017
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
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Optimal stopping under ambiguity in continuous time
Riedel, Frank - 2010
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
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Optimal stopping under ambiguity
Riedel, Frank - 2007
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
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Everyday econometricians: Selection neglect and overoptimism when learning from others
Barron, Kai; Huck, Steffen; Jehiel, Philippe - 2019
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
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Eliciting risk preferences: Text vs. graphical multiple price lists
Habib, Sameh; Friedman, Daniel; Crockett, Sean; James, … - 2015
) 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
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Willpower depletion and framing effects
de Haan, Thomas; van Veldhuizen, Roel - 2013
depletion should increase framing effects. To test this we designed two experiments in which we depleted participants' willpower …
Persistent link: https://www.econbiz.de/10010321489
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Security of property as a public good: Institutions, socio-political environment and experimental behavior in five countries
Campos-Ortiz, Francisco; Putterman, Louis; Ahn, T. K.; … - 2012
We study experimentally the protection of property in five widely distinct countries - Austria, Mexico, Mongolia, South Korea and the United States. Our main results are the correlations between experimental choices with indicators regarding the security of property, trust and the quality of...
Persistent link: https://www.econbiz.de/10010322614