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potentially confounding decision biases. …
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experimentally why, and under which conditions, leaders resort to such decisions. In our experiment, teams are presented with several … opportunity either to confirm or to alter the majority decision. We find that leaders overrule their teams in 35% of cases and …
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focuses on situations where some resource (for instance, a position, decision power, a bonus) has to be allocated between two … parties: the decision maker can either opt for sharing the resource or for using a random device that allocates the entire … prize to one of the two parties. By varying the relative situation of the decision maker with respect to the other party, we …
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Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we use...
Persistent link: https://www.econbiz.de/10012668312
Overbidding in sealed-bid second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we...
Persistent link: https://www.econbiz.de/10014476711