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Persistent link: https://www.econbiz.de/10010354731
' first- and second-order beliefs on truth-telling. While senders are more likely to lie if they expect the receiver to trust … believe the receiver expects them to tell the truth. We observe no such dependence on second-order beliefs in a payoff … equivalent game of matching pennies. Our results therefore indicate an impact of second-order beliefs as derived in models of …
Persistent link: https://www.econbiz.de/10009742616
cooperate and to engage in antisocial behaviour. The experiments were carried out with pastoralists from southern Namibia whose … ; Namibia ; lab-in-the-field experiments …
Persistent link: https://www.econbiz.de/10009744188
This experimental study investigates two bargaining games with twosided incomplete information between a seller and a buyer. In the first game with no outside options many subjects do not use the incomplete information to their advantage as predicted. We find that a model with adjusting priors...
Persistent link: https://www.econbiz.de/10009737082
group earnings. Based on a total sample size of 952 participants, we find that, unlike results from previous experiments …
Persistent link: https://www.econbiz.de/10014299587
A pervasive feature in the finance industry is relative performance, which can include extrinsic (money), intrinsic (self-image), and reputational (status) motives. In this paper, we model a portfolio decision with two assets and investigate how reputational motives (i.e., the public...
Persistent link: https://www.econbiz.de/10012008982
investigate professionals' risk-taking behavior when investing funds for clients. We run online and lab-in-the-field experiments …
Persistent link: https://www.econbiz.de/10011847498
between back-transfers and second- order beliefs of the trustor: While reciprocity models predict a negative correlation … studies investigating the reaction of trustees to their beliefs are due to the fact that reciprocity and guilt-aversion are …
Persistent link: https://www.econbiz.de/10011480420
. Since the experiments were spread out more than one year, our results suggest that there is a component of distributional …
Persistent link: https://www.econbiz.de/10012009014
making choices, subjects have to state their first- and second-order beliefs. We find that choices are more often a best … reply to beliefs if any player has a dominant strategy and equilibrium payoffs are not too unequal. Using a mixture model we … math grades are more strategic. -- strategic thinking ; beliefs ; experiment ; age ; adolescents …
Persistent link: https://www.econbiz.de/10009736601