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choice experiment with alternative labels, we disentangle the relative importance of different types of information and …
Persistent link: https://www.econbiz.de/10011119792
carefully designed choice experiment with several alternative labeling treatments, we disentangle the relative importance of …
Persistent link: https://www.econbiz.de/10010676255
This paper presents an experimental investigation of how a systematic variation in the cognitive demands on subjects affects the optimal play. The innovation of this paper is the choice of a game, which we call the Game of Position. This is a two-player zero-sum game characterized by a...
Persistent link: https://www.econbiz.de/10005434799
Shafer's evidence theory is a branch of the mathematics of uncertain reasoning that allows for novel possibilities to … be conceived by a decision-maker. Many of its findings exhibit striking similarities with an alternative decision theory … purported by Shackle in the 1950s, before expected utility maximization monopolized the scene. Evidence theory does not attempt …
Persistent link: https://www.econbiz.de/10005125582
We study whether information about imminent future dividends can abate bubbles in experimental asset markets. Using the seminal design of Smith et al. (1988) we find that markets where traders are asymmetrically informed about future dividends have smaller, and shorter, bubbles than markets with...
Persistent link: https://www.econbiz.de/10005399046
We study search behavior in a generalized "secretary problem" environment in which consumers search sequentially for the best alternative from a known and finite set of multi-attribute alternatives. In contrast to most previous studies, we make no distributional assumptions about the quality of...
Persistent link: https://www.econbiz.de/10005408222
works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …
Persistent link: https://www.econbiz.de/10011256616
subject’s own behavior in the other role. The results of the experiment indicate that, when acting as senders, the majority of …
Persistent link: https://www.econbiz.de/10011259082
We investigate how different forms of scrutiny affect dishonesty, using Gneezy's (2005) deception game. We add a third player whose interests are aligned with those of the sender. We find that lying behavior is not sensitive to revealing the sender's identity to the observer. The option for...
Persistent link: https://www.econbiz.de/10011078393
. We apply GPAL to a homogeneous good Bertrand duopoly experiment with random matching and population pricing information …
Persistent link: https://www.econbiz.de/10011186671