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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
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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
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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
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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 pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure. In the context of risky decisions, we ask whether a...
Persistent link: https://www.econbiz.de/10011813016
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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 pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure. In the context of risky decisions, we ask whether a...
Persistent link: https://www.econbiz.de/10011899690
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"Let me dream on!" : anticipatory emotions and preference for timing in lotteries
Kocher, Martin; Krawczyk, Michal; Winden, Frans A. A. M. van - 2009 - This version: September 2009
emotions. This conjecture is tested in an experiment with real lottery tickets. We show that our theoretical considerations may … value that a unit of money buys in lotteries is consumed before the actual resolution in the form of emotions such as hope … thrill is the main variable explaining this choice, that emotions actually experienced during the waiting period are indeed …
Persistent link: https://www.econbiz.de/10011379382
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Teams and individuals in standard auction formats : decisions and emotions
Karmeliuk, Maria; Kocher, Martin - 2021
-price (English) auctions with independent private values. In a laboratory experiment, we find that individuals overbid more than … explained by better reasoning abilities of teams. Emotions play a role in determining bids, but the effect of emotions on …
Persistent link: https://www.econbiz.de/10012500699
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'Let me dream on!' Anticipatory Emotions and Preference for Timing in Lotteries
Kocher, Martin; Krawczyk, Michal; van Winden, Frans - 2009
emotions. This conjecture is tested in an experiment with real lottery tickets. We show that our theoretical considerations may … value that a unit of money buys in lotteries is consumed before the actual resolution in the form of emotions such as hope … thrill is the main variable explaining this choice, that emotions actually experienced during the waiting period are indeed …
Persistent link: https://www.econbiz.de/10010325695
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Unleashing animal spirits : self-control and overpricing in experimental asset markets
Kocher, Martin; Lucks, Konstantin E.; Schindler, David - In: The review of financial studies 32 (2019) 6, pp. 2149-2178
Persistent link: https://www.econbiz.de/10012033818
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Unleashing animal spirits : self-control and overpricing in experimental asset markets
Kocher, Martin; Lucks, Konstantin E.; Schindler, David - 2018
Persistent link: https://www.econbiz.de/10011811077