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We consider the notions of static and dynamic reasonableness of requests in a trust game experiment. We vary …
Persistent link: https://www.econbiz.de/10011531913
We consider the notions of static and dynamic reasonableness of requests by an authority in a trust game experiment …
Persistent link: https://www.econbiz.de/10012233242
We consider the notions of static and dynamic reasonableness of requests by an authority in a trust game experiment …
Persistent link: https://www.econbiz.de/10012230097
decisions. We present an experiment where subjects sequentially receive signals about the true state of the world and need to …
Persistent link: https://www.econbiz.de/10012958462
experiment affects risk taking. Controlling for past winnings, participants receiving a low endowment in a round engage in more …
Persistent link: https://www.econbiz.de/10013012145
experiment in which 80 subjects engage in a sequence of 54 choices between pairs of lotteries. The lotteries always have the same … complexity aversion at the start of the experiment, but complexity aversion reduces with experience, to the extent that the … average subject is complexity neutral by the end of the experiment. Around 23% of subjects appear complexity loving. Some of …
Persistent link: https://www.econbiz.de/10010890957
, and allows both of these to vary between individuals, and also to change with experience. The data is from an experiment … complexity aversion at the start of the experiment, but complexity aversion reduces with experience, to the extent that the … average subject is complexity neutral by the end of the experiment. Around 23% of subjects appear complexity loving. Some of …
Persistent link: https://www.econbiz.de/10013051934
We investigate the effects of a range of different types of anchor on WTP and WTA valuations of familiar consumer products, elicited through individuals’ buying or selling decisions at given prices. We find anchoring effects only when the anchor value is framed as a plausible price for the...
Persistent link: https://www.econbiz.de/10010730005
The paper presents an experiment testing the hypothesis that, if consumers’ valuation of a product is shaped by past … ran an individual choice experiment with a posted offer market setup, where different dynamic pricing strategies were …
Persistent link: https://www.econbiz.de/10010870871
Public good contribution in experiments may at least partially be driven by the social demand to contribute that is implicit in them. We consider a questionnaire measure and build a behavioural measure of sensitivity to social pressure based on paired dictator and money burning games; we find...
Persistent link: https://www.econbiz.de/10010571482