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Cross-game learning and cognitive ability in auctions

Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2022

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

Cross-game learning and cognitive ability in auctions

Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2021

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

Risk, time pressure, and selection effects

Kocher, Martin; Schindler, David; Trautmann, Stefan T.; … - In: Experimental economics : a journal of the Economic … 22 (2019) 1, pp. 216-246

Persistent link: https://www.econbiz.de/10012175568

Risk, time pressure, and selection effects

Kocher, Martin; Schindler, David; Trautmann, Stefan T.; … - 2018

Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time … to cope with time pressure varies significantly across decision makers, leading to selected subgroups that differ in … jointly predict individuals' decision quality and ability to keep their decision strategy under time pressure. …

Persistent link: https://www.econbiz.de/10011813016