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The curse of knowledge increases self-selection into competition : experimental evidence
Danz, David - 2014 - Rev.
The psychology literature provides ample evidence that people have difficulties taking the perspective of less-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative overconfidence and overentry into competition. In a broader...
Persistent link: https://www.econbiz.de/10010403249
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Disappointment aversion and social comparisons in a real-effort competition
Gächter, Simon; Huang, Lingbo; Sefton, Martin - 2017
We present an experiment to investigate the source of disappointment aversion in a sequential real-effort competition. Specifically, we study the contribution of social comparison effects to the disappointment aversion previously identified in a two-person real-effort competition (Gill and...
Persistent link: https://www.econbiz.de/10011647659
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Disappointment aversion and social comparisons in a real-effort competition
Gächter, Simon; Huang, Lingbo; Sefton, Martin - 2017
This paper investigates the contribution of social comparison effects to the disappointment aversion previously identified in a two-person real-effort competition (Gill and Prowse, 2012). "Social" and "asocial" versions of the Gill and Prowse experiment are compared, where the latter treatment...
Persistent link: https://www.econbiz.de/10011660754
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Disappointment aversion and social comparisons in a real-effort competition
Gächter, Simon; Huang, Lingbo; Sefton, Martin - 2017
We present an experiment to investigate the source of disappointment aversion in a sequential real-effort competition. Specifically, we study the contribution of social comparison effects to the disappointment aversion previously identified in a two-person real-effort competition (Gill and...
Persistent link: https://www.econbiz.de/10011658021
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Learning to bid, but not to quit – Experience and Internet auctions
Bramsen, Jens-Martin - Volkswirtschaftliche Fakultät, … - 2008
A classic argument in economics is that experience in the market place will eliminate mistakes and cognitive biases. Internet auctions are a popular market were some bidders gather extensive experience. In a unique data set from a Scandinavian auction site I question if and what bidders learn....
Persistent link: https://www.econbiz.de/10005070468
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Inequity aversion and advantage seeking with asymmetric competition
Cox, Caleb A. - In: Journal of Economic Behavior & Organization 86 (2013) C, pp. 121-136
In this experiment I study a novel three-player ultimatum game in which two proposers with unequal amounts of money simultaneously submit offers to one responder, who may accept at most one offer. I compare the predictions of inequity aversion, advantage seeking, and self-interest. Unlike...
Persistent link: https://www.econbiz.de/10010688115
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Belief formation in a signalling game without common prior : an experiment
Possajennikov, Alexandre - 2012
Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in … which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the … strategies of the players. The experimental subjects often start with diffuse uniform beliefs and update them in view of …
Persistent link: https://www.econbiz.de/10009535526
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Do not incentivize eco-friendly behavior: Go for a competition to go green!
Bühren, Christoph; Daskalakis, Maria - 2015
effort lab experiments with 550 subjects in 11 treatments and one baseline. Our results indicate that monetary incentives to …
Persistent link: https://www.econbiz.de/10011406149
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Which green nudge helps to save energy? Experimental evidence
Bühren, Christoph; Daskalakis, Maria - 2020
Which behavioral interventions are more appropriate to induce energy saving: energy saving goals with or without monetary incentives, environmentally related information, social comparison, or a competition to save energy? We try to answer this question in a comprehensive study. First, we...
Persistent link: https://www.econbiz.de/10012543674
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Do not incentivize eco-friendly behavior : go for a competition to go green!
Bühren, Christoph; Daskalakis, Maria - 2015
effort lab experiments with 550 subjects in 11 treatments and one baseline. Our results indicate that monetary incentives to …
Persistent link: https://www.econbiz.de/10011373730