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Between-game rule learning in dissimilar symmetric normal-form games
Haruvy, Ernan; Stahl, Dale O. - In: Games and Economic Behavior 74 (2012) 1, pp. 208-221
Rule learning posits that decision makers, rather than choosing over actions, choose over behavioral rules with different levels of sophistication. Rules are reinforced over time based on their historically observed payoffs in a given game. Past works on rule learning have shown that when...
Persistent link: https://www.econbiz.de/10010597534
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An experimental test of a committee search model
Hizen, Yoichi; Kawata, Keisuke; Sasaki, Masaru - In: European Economic Review 61 (2013) C, pp. 59-76
The objective of this paper is to design a laboratory experiment for an infinite-horizon sequential committee search …
Persistent link: https://www.econbiz.de/10010665910
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Gender differences in trust and trustworthiness: Individuals, single sex and mixed sex groups
Chaudhuri, Ananish; Paichayontvijit, Tirnud; Shen, Lifeng - In: Journal of Economic Psychology 34 (2013) C, pp. 181-194
We explore gender differences in trust and trustworthiness between male and female individuals and groups consisting of two members of the same sex to understand if single sex groups behave differently from individuals of the same sex. We find some differences in the early rounds such as: (i)...
Persistent link: https://www.econbiz.de/10010747607
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Nonparametric learning rules from bandit experiments: The eyes have it!
Hu, Yingyao; Kayaba, Yutaka; Shum, Matthew - In: Games and Economic Behavior 81 (2013) C, pp. 215-231
experiment. A novel feature of our approach is to supplement the choice and reward data with subjectsʼ eye movements during the … experiment to pin down estimates of subjectsʼ beliefs. Estimates show that subjects are more reluctant to “update down” following … rules are smaller (by about 25% of average earnings by subjects in this experiment) than what would be obtained from a fully …
Persistent link: https://www.econbiz.de/10011049849
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Relative performance information in asset markets: An experimental approach
Schoenberg, Eric J.; Haruvy, Ernan - In: Journal of Economic Psychology 33 (2012) 6, pp. 1143-1155
An important issue in the study of asset market bubbles is the extent to which traders are influenced by their perceived performance relative to other traders. Extant research on laboratory asset market bubbles has generally kept performance information private, effectively excluding such...
Persistent link: https://www.econbiz.de/10011051392
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Does self-relevance affect information processing? Experimental evidence on the response to performance and non-performance feedback
Ertac, Seda - In: Journal of Economic Behavior & Organization 80 (2011) 3, pp. 532-545
-image. This paper uses an experiment to explore whether the self-relevance of information influences information processing. The … experiment implements two information processing tasks that are identical from a theoretical perspective, but differ in the type …
Persistent link: https://www.econbiz.de/10010576946
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Correlation Neglect in Belief Formation
Enke, Benjamin; Zimmermann, Florian - University of Bonn, Germany - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such context many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010895827
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Gender Differences in Trust and Reciprocity
Chaudhuri, Ananish; Gangadharn, Lata - Department of Economics, Faculty of Business and Economics - 2003
We use the investment game introduced by Berg, Dickhaut and McCabe (1995) to explore gender differences in trust and reciprocity. In doing so we replicate and extend the results first reported by Croson and Buchan (1999). We find that men exhibit greater trust than women do while women show...
Persistent link: https://www.econbiz.de/10005587702
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Capital and Labor Effects in a Recall Task: More Evidence in Support of Camerer and Hogarth (1999)
Rydval, Ondrej - Center for Economic Research and Graduate Education and … - 2005
capital-labor-production framework and for compensation practices in experiments as well as work settings. …
Persistent link: https://www.econbiz.de/10005086608
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Herding, contrarianism and delay in financial market trading
Park, Andreas; Sgroi, Daniel - In: European Economic Review 56 (2012) 6, pp. 1020-1037
trade more than once. We present a large-scale experiment to explore these features within a tightly controlled laboratory …
Persistent link: https://www.econbiz.de/10010597482