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Signal Qualities, Order of Decisions, and Informational Cascades : Experimental Evidences
Sasaki, Shunichiro - 2004
This paper reports the results of informational cascades experiments where two different decision-making systems, anti …
Persistent link: https://www.econbiz.de/10014068956
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Algorithmic advice as a credence good
Biermann, Jan; Horton, John J.; Walter, Johannes - 2022
Actors in various settings have been increasingly relying on algorithmic tools to support their decision-making. Much … - decision-makers cannot verify the quality of such goods, even after "consuming" them. Based on this finding, we test two … algorithm, it remarkably decreases human decision-making performance. In the second treatment, we reveal the task's correct …
Persistent link: https://www.econbiz.de/10013499021
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Asymmetric Naivete : Beliefs About Self-Control
Fedyk, Anastassia - 2018
Do individuals anticipate present bias in others? This paper jointly investigates beliefs about one's own and others' present bias. In an online experiment, participants engaged in a real-effort task display little awareness of their own present bias, but anticipate present bias in others....
Persistent link: https://www.econbiz.de/10012936520
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Experimental evidence of pooling outcomes under information asymmetry
Schmidt, William; Buell, Ryan W. - In: Management science : journal of the Institute for … 63 (2017) 5, pp. 1586-1605
Persistent link: https://www.econbiz.de/10011684791
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Mechanisms for efficient voting with private information about preferences
Engelmann, Dirk; Grimm, Veronika - 2008
We experimentally study behavior in a simple voting game where players have private information about their preferences. With random matching, subjects overwhelmingly follow the dominant strategy to exaggerate their preferences, which leads to inefficiency. We analyze an exogenous linking...
Persistent link: https://www.econbiz.de/10003894591
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The Trust Broker Game : A Three-Player Trust Game with Probabilistic Returns and Information Asymmetry
Tagat, Anirudh - 2017
This paper experimentally investigates trust and trustworthiness in a repeated and sequential three-player trust game with probabilistic returns and information asymmetry. It adds to the existing literature by combining experimental features from recent work in the trust game. We use random...
Persistent link: https://www.econbiz.de/10012956127
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The trust broker game : a three-player trust game with probabilistic returns and information asymmetry
Tagat, Anirudh; Kapoor, Hansika - 2017
This paper experimentally investigates trust and trustworthiness in a repeated and sequential three-player trust game with probabilistic returns and information asymmetry. It adds to the existing literature by combining experimental features from recent work in the trust game. The authors use...
Persistent link: https://www.econbiz.de/10011664904
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Adverse and Advantageous Selection in the Laboratory
Ali, S. Nageeb - 2019
Asymmetric information plays an important role in markets and politics. When parties are asymmetrically informed and have misaligned preferences, they may be hurt by adverse selection. By contrast, if parties know that their preferences are aligned, they may benefit from advantageous selection....
Persistent link: https://www.econbiz.de/10012863511
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Cheap Talk, Information, and Coordination - Experimental Evidence
Charness, Gary; Grosskopf, Brit - 2001
Costless and non-binding pre-play communication (cheap talk) has been found to often be effective in achieving efficient outcomes in experimental games. However, in previous two-player experimental games each player was informed about both his payoff and the action of the other player in the...
Persistent link: https://www.econbiz.de/10014122582
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The social value of transparency and accountability : experimental evidence from asymmetric public good games ; conference paper
Khadjavi, Menusch; Lange, Andreas; Nicklisch, Andreas - 2014
Transparency and accountability are often regarded as crucial for good governance and the efficient organization of public affairs. To systematically explore the impact of transparency and accountability on cooperation, we conduct a series of laboratory experiments on a variation of the public...
Persistent link: https://www.econbiz.de/10010487735