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We tested the influence of time pressure and to what extent time pressure interacts with the contextual factors … to decide how many pieces of information they wanted to purchase non-sequentially in order to make a decision under … uncertainty. Our findings indicate that under time pressure, individuals acquire less information. Moreover, while we found no …
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In economic environments, decision-makers may strategically delay irreversible investments to learn from the actions of … introducing communication into this setting reduces strategic delay. We implement our model in a laboratory experiment utilizing a … experiment, while coordination failures emerge in the following periods sweeping away the beneficial effect of communication at …
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reputation of a silent forecaster, on the other hand, gradually improves over time. …
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In economic environments, decision-makers can strategically delay irreversible investments to learn from the actions of …. If more investors invest at the same time, they share the costs. In the communication treatment, subjects can freely … communicate before choosing the investment time. We find that in groups of two players, communication increases cooperation and …
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motion with drift and incurs costs depending on his stopping time. The player who stops his process at the highest value wins …
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