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of bargaining failures. Unlike previous behavioural research, that is mostly based on motivated beliefs and actions, this …
Persistent link: https://www.econbiz.de/10012104838
of bargaining failures. Unlike previous behavioural research, that is mostly based on motivated beliefs and actions, this …
Persistent link: https://www.econbiz.de/10012129125
We report results from a laboratory experiment that explores the effects of preference communication and leader selection mechanisms in group decision-making. In a setting where all members of a group get the same payoff based on the group leader's decision of how much risk to take, we study the...
Persistent link: https://www.econbiz.de/10010222348
We experimentally investigate (i) whether markets accurately assess the ability of decision makers when these decision … impress markets. We focus on committees of decision makers to use their conversations as a source of information about their … amount of useful information markets can rely on. Markets realize this and make assessments less dependent on actual …
Persistent link: https://www.econbiz.de/10012898262
Using controlled experiments, we examine how individuals make choices when faced with multiple options. Choice tasks …
Persistent link: https://www.econbiz.de/10010285734
improve decision making on some tasks. To test our hypothesis we used a standardized decision inventory and measured response …
Persistent link: https://www.econbiz.de/10010457825
Overconfidence is one of the most ubiquitous cognitive bias. There is copious evidence of overconfidence being relevant in a diverse set of economic domains. In this paper, we relate the recent concept of cognitive uncertainty with overconfidence. Cognitive uncertainty represents a decision...
Persistent link: https://www.econbiz.de/10013257953
which the available options differ more. We test this assumption in a controlled experiment where such biases will generate … to attributes that stand out. We also test the focusing effect against theories of decoy effects (asymmetric dominance …
Persistent link: https://www.econbiz.de/10011579506
In this study we test predictions from Unconscious Thought Theory (UTT) that unconscious thought will lead to better …
Persistent link: https://www.econbiz.de/10011580853
We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is … the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice … by rational choice. Our results suggest that nonforced‐choice experiments and models can be helpful in separating people …
Persistent link: https://www.econbiz.de/10013382078