Showing 1 - 10 of 205
We analyse behavior in lottery choice problems that assign payoffs to the decision maker and one other subject. Lotteries are based on randomly generated 2x2 games where the column player’s choice is replaced by a draw from an urn. We find that the vast majority of subjects displays behavior...
Persistent link: https://www.econbiz.de/10014044807
This appendix to the paper “Belief elicitation in experiments: Is there a hedging problem?” (http://ssrn.com/abstract=1557803) reports further details of procedures and results, in particular for treatments that are only briefly summarized in the paper. Furthermore, we document in detail...
Persistent link: https://www.econbiz.de/10014197658
, but quantities are distributed asymmetrically. An experiment largely confirms the existence of such sophisticated play …
Persistent link: https://www.econbiz.de/10014077530
We investigate collusive pricing in laboratory markets when human players interact with an algorithm. We compare the degree of (tacit) collusion when exclusively humans interact to the case of one firm in the market delegating its decisions to an algorithm. We further vary whether participants...
Persistent link: https://www.econbiz.de/10013228135
for which two channels may be responsible, that our experiment allows to separate: i) a direct, preference-based channel …
Persistent link: https://www.econbiz.de/10013153177
for which two channels may be responsible, that our experiment allows to separate: i) a direct, preference-based channel …
Persistent link: https://www.econbiz.de/10003925564
The hypothesis that vertically integrated firms have an incentive to foreclose the input market because foreclosure raises its downstream rivals' costs is the subject of much controversy in the theoretical industrial organization literature. A powerful argument against this hypothesis is that,...
Persistent link: https://www.econbiz.de/10008666950
We study the voluntary revelation of private, personal information in a labor-market experiment with a lemons structure …
Persistent link: https://www.econbiz.de/10009789435
We elicit the willingness to sell personal data (contact information, Facebook details, preferences) in laboratory experiments, using a BDM and take-it-or-leave-it offers. Our experiments are novel in that (i) the experiments are incentivized, (ii) the focus on privacy issues is salient, and...
Persistent link: https://www.econbiz.de/10010396156
experiment allows us to separate different interaction channels. When subjects play both roles in such experiments, a positive …
Persistent link: https://www.econbiz.de/10010350964