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It has been shown that subjects tend to follow others' behavior even when the external signals are uninformative. In this paper we go one step further, showing that conformism occurs even when the choices of others are not even presented to the subjects, but just indirectly perceived. We use the...
Persistent link: https://www.econbiz.de/10011274368
It has been shown that subjects tend to follow others’ behavior even when the external signals are uninformative. In this paper we go one step further, showing that conformism occurs even when the choices of others are not even presented to the subjects, but just indirectly perceived. We use...
Persistent link: https://www.econbiz.de/10011261543
This paper presents a nonparametric approach to classification of data from lottery experiments. Using very basic mathematical tools the paper endeavors to answer the questions: How to determine the “average” subject in a group? How to find a subject presenting the most similar behavior to a...
Persistent link: https://www.econbiz.de/10008526982
understanding. Thoroughly surveying the literature we first find that gender differences are less ubiquitous than usually depicted … we show that the magnitude of gender differences, although significant, is economically unimportant. We conclude that … gender differences systematically correlate with the features of the elicitation method used and in particular the …
Persistent link: https://www.econbiz.de/10010735539
understanding. Thoroughly surveying the experimental literature we first find that gender differences are less ubiquitous than … power of the test and show that the magnitude of gender differences, although significant, is economically unimportant. We … conclude that gender differences systematically correlate with the features of the elicitation method used and in particular …
Persistent link: https://www.econbiz.de/10010775114
gender, and the complexity of the tasks. We do so using both non-parametric tests and a structural model estimated with … maximum likelihood. We find that the estimated risk aversion parameters vary greatly across tasks and that gender differences …
Persistent link: https://www.econbiz.de/10010610507
population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able …
Persistent link: https://www.econbiz.de/10010722846
population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able …
Persistent link: https://www.econbiz.de/10010729196
gender, and the complexity of the tasks. We do so using both non-parametric tests and a structural model estimated with … maximum likelihood. We find that the estimated risk aversion parameters vary greatly across tasks and that gender differences …
Persistent link: https://www.econbiz.de/10010635678
population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able …
Persistent link: https://www.econbiz.de/10010734775