This paper explores whether a truth-telling promise can work to reduce the hypothetical bias in preference elicitation. Using an induced value experiment in China with a random nthprice auction, the author finds: 1) Hypothetical bias exists in a random nth-price auction with induced values and...

This paper explores whether a truth-telling promise can work to reduce the hypothetical bias in preference elicitation. Using an induced value experiment in China with a random nth-price auction, the author finds: 1) Hypothetical bias exists in a random nth-price auction with induced values and...

This paper uses a beauty contest game to test the gender differences in strategic reasoning. I conducted two experiments in China: one in a classroom setting with student subjects and the other online with the general population. In the first experiment, I found evidence of gender differences in...

This paper analyzes the impact of managerial attributes such as overconfidence on firms' environmental performance. We hypothesize that overconfident CEOs tend to underestimate firms' environmental risk leading to a low level of ex-ante environmental safeguards and hence, lower environmental...