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study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills … losses from high bids are more salient than in SPAs. Experience in FPAs causes substantial cross-game learning for … bid shading by cognitively more able participants, resulting in lower profits in FPAs. Thus, cross-game learning has the …
Persistent link: https://www.econbiz.de/10012668312
ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account …-game learning for cognitively less able participants but does not affect overbidding for the cognitively more able. Vice versa …, 'cross-game learning' may rather be understood as 'cross-game transfer', as it has the potential to benefit bidders with …
Persistent link: https://www.econbiz.de/10014476711
study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills … losses from high bids are more salient than in SPAs. Experience in FPAs causes substantial cross-game learning for … bid shading by cognitively more able participants, resulting in lower profits in FPAs. Thus, cross-game learning has the …
Persistent link: https://www.econbiz.de/10013314693
participation payments disproportionately attracts individuals for whom learning about the transaction is harder. These participants … decide based on worse information and are more likely to regret their decision ex post. The learning-based selection effect …
Persistent link: https://www.econbiz.de/10012052276
-cue probability learning to obtain a direct measure for overweighting private information. We find that overweighting private …
Persistent link: https://www.econbiz.de/10008669956
When asset returns are unstable, investment performance directly depends on learning about their patterns optimally …. Without optimal learning, strong investment performance is not possible. Yet, optimal learning is often considered too complex … multi-armed bandit in which the expected returns of the arms jump over the experiment. We find substantial evidence of …
Persistent link: https://www.econbiz.de/10003980009
order to disentangle different choice dynamics, they devise a laboratory experiment with a novel experimental task in which …
Persistent link: https://www.econbiz.de/10010425055
; cognition ; laboratory experiment …
Persistent link: https://www.econbiz.de/10003844092
Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 x 2 …
Persistent link: https://www.econbiz.de/10013098736
We identify the causal effect of cognitive abilities on economic behavior in an experimental setting. Using a forecasting task with varying cognitive load, we identify the causal effect of working memory on subjects' forecasting performance, while also accounting for the effect of other...
Persistent link: https://www.econbiz.de/10013107260