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played by human beings. In line with theory, the experiment does not allow the formulation of a clear preference in favor of … all participants but with ambiguity (partial transparency). We show that, in theory, both communication strategies are … reducing the degree of transparency. We run a laboratory experiment to test whether theoretical predictions hold in a game …
Persistent link: https://www.econbiz.de/10010556244
experiment we report was designed to test for trust responsiveness and its robustness across payoff structures, and to …
Persistent link: https://www.econbiz.de/10010605089
influence participation and effort. We contrast three incentive schemes in a real-effort experiment in which individuals decide …
Persistent link: https://www.econbiz.de/10010753269
influence participation and effort. We contrast three incentive schemes in a real-effort experiment in which individuals decide …
Persistent link: https://www.econbiz.de/10011161033
in the experiment, making strategic complementarities and overreaction an issue of second order. …
Persistent link: https://www.econbiz.de/10011161040
data with representative behavioral data from a social dilemma experiment. We identify which survey questions intended to … elicit people’s trust correlate well with behaviorally exhibited trust in the experiment. People above the age of 65, highly …
Persistent link: https://www.econbiz.de/10005627945
representative behavioral data from a social dilemma experiment. We identify which survey questions intended to elicit people's trust … correlate well with behaviorally exhibited trust in the experiment. People above the age of 65, highly skilled workers and …
Persistent link: https://www.econbiz.de/10005761956
Traditional finance is built on the rationality paradigm. This chapter discusses simple models from an alternative approach in which financial markets are viewed as complex evolutionary systems. Agents are boundedly rational and base their investment decisions upon market forecasting heuristics....
Persistent link: https://www.econbiz.de/10012724209
The existence of base rate fallacy (BRF) bias is explored employing: (i) a context treatment with a narrative story applied to asset markets and (ii) an isomorphic abstract setting using balls-and-bingo cages. Probability estimates reflect a BRF bias in both treatments, but is stronger with...
Persistent link: https://www.econbiz.de/10012773701
This paper investigates the effect of dividend timing on price bubbles and endogenous expectations in twenty-six laboratory asset markets. In ten quot;A1quot; markets, a single dividend is paid at the end of the trading horizon. In nine quot;A2quot; markets, dividends are paid at the end of each...
Persistent link: https://www.econbiz.de/10012788051