Showing 1 - 10 of 1,668
We report on an experiment in which subjects choose actions in strategic games with either strategic complements or …
Persistent link: https://www.econbiz.de/10014055594
Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...
Persistent link: https://www.econbiz.de/10013159743
Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...
Persistent link: https://www.econbiz.de/10003845575
information and the introduction of performance-based payoffs have an influence on judgement. Therefore, an experiment is designed … ; experiment …
Persistent link: https://www.econbiz.de/10008903836
We conduct a two-phase laboratory experiment, separated by several weeks. In the first phase, we conduct urn games … and the payout of the laboratory experiment. We find that those who return do not differ from the overall pool with …
Persistent link: https://www.econbiz.de/10014209423
This paper studies the impact of Knightian uncertainty on the disposition of individuals in the lab to seize an irreversible investment. Subjects had the option to trade a safe endowment for a claim on the sum of future realizations from a geometric random walk. The drift of this profit process...
Persistent link: https://www.econbiz.de/10013020553
. Finally, we provide evidence from an online survey experiment showing how an individual's valuation of a marketer's offer that …
Persistent link: https://www.econbiz.de/10013321918
In an information cascade experiment participants are confronted with artificial predecessors predicting in line with …
Persistent link: https://www.econbiz.de/10010343945
Persistent link: https://www.econbiz.de/10012109381
uncertainty. We designed a multi-period experiment in which each period consisted of two stages, an R&D phase and a pricing stage …. Participants in the experiment had almost no information about the underlying functions, parameters, and probabilities. Subjects …' behavior in the fundamentally uncertain environment of our experiment may best be characterized as some kind of procedural …
Persistent link: https://www.econbiz.de/10010481420