strategically optimal. This behavior is consistent with the equilibrium of the corresponding signaling game. Based on the theory of …

clean and straightforward test in the laboratory. People make an initial decision concerning a lottery choice and then …-be payoff. They then make a final decision for the lottery choice (to avoid hedging, we pay for either the initial or final … decision, determined with equal likelihood at the end.). Our primary hypothesis is that people will become less risk-averse by …

connected by the new link. We find evidence of a form of social learning - the shares (publicly) allocated to others in the past …

matters). Our laboratory experiments indicate that workers? effort choices are highly sensitive to their own wages, but … experiment were more likely to compress wages when wages became public information. Profits were not significantly reduced by a …

This paper presents the first laboratory study of risk-sharing without commitment. Our experiment captures the main … for the shape of the constrained optimal risk-sharing arrangement. In our experiment, participants are matched in pairs …-horizon and discounting in the model. Second, at the end of the experiment, a unique period is randomly drawn to count for cash …

In this paper, we report the results of experiments designed to test whether individuals and groups abide by the axioms …, suggesting that social interaction or consultation improves the decision making process. Greater transparency for the decision … reflecting the structure of the preference relations. However, we do find some cases where the less difficult decision leads to a …