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Reputational concerns and advice-seeking at work
Heursen, Lea; Friess, Svenja; Chugunova, Marina - 2023
We examine the impact of reputational concerns on seeking advice. While seeking can improve performance, it may affect how others perceive the seeker's competence. In an online experiment with white-collar professionals (N=2,521), we test how individuals navigate this tradeoff and if others'...
Persistent link: https://www.econbiz.de/10014495025
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Learning to Deal With Repeated Shocks Under Strategic Complementarity : An Experiment
Bulutay, Muhammed - 2020
Experimental evidence shows that the rational expectations hypothesis fails to characterize the path to equilibrium after an exogenous shock when actions are strategic complements. Under identical shocks, however, repetition allows adaptive learning, so that inertia in adjustment should fade...
Persistent link: https://www.econbiz.de/10012842597
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Learning to Deal With Repeated Shocks Under Strategic Complementarity : An Experiment
Bulutay, Muhammed - 2020
Experimental evidence shows that the rational expectations hypothesis fails to characterize the path to equilibrium after an exogenous shock when actions are strategic complements. Under identical shocks, however, repetition allows adaptive learning, so that inertia in adjustment should fade...
Persistent link: https://www.econbiz.de/10012842925
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Trust and reputation under asymmetric information
Janas, Moritz; Oljemark, Emilia - 2020 - Version: September 10, 2020
information about the multiplier. We discuss potential reasons for the deviation between theory and experimental data. …
Persistent link: https://www.econbiz.de/10012422494
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Excessive herding in the laboratory : the role of intuitive judgments
March, Christoph; Ziegelmeyer, Anthony - 2018
We designed four observational learning experiments to identify the key channels that, along with Bayes-rational inferences, drive herd behavior. In Experiment 1, unobserved, whose actions remain private, learn from the public actions made in turn by subjects endowed with private signals of...
Persistent link: https://www.econbiz.de/10011789104
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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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Excessive Herding in the Laboratory : The Role of Intuitive Judgments
March, Christoph - 2018
We designed four observational learning experiments to identify the key channels that, along with Bayes-rational inferences, drive herd behavior. In Experiment 1, unobserved, whose actions remain private, learn from the public actions made in turn by subjects endowed with private signals of...
Persistent link: https://www.econbiz.de/10012924978
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Information Aggregation Under Ambiguity : Theory and Experimental Evidence
Galanis, Spyros - 2019
We study information aggregation in a dynamic trading model with partially informed and ambiguity averse traders. We show theoretically that separable securities, introduced by Ostrovsky (2012) in the context of Subjective Expected Utility, no longer aggregate information if some traders have...
Persistent link: https://www.econbiz.de/10012899186
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A New Approach to the Analysis of Cooperation Under the Shadow of the Future : Theory and Experimental Evidence
Kartal, Melis - 2018
The theory of infinitely repeated games lacks predictive power due to equilibrium multiplicity and its insensitivity to … approach, which mitigates the shortcomings of the theory. In particular, we study a standard infinitely repeated prisoner … boost cooperation and coordination on cooperation relative to the standard game, unlike what a theory based on pure material …
Persistent link: https://www.econbiz.de/10012913715
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Reputation and foreclosure with vertical integration : experimental evidence
Möllers, Claudia - 2016
Building on the seminal paper of Ordover, Saloner and Salop (1990), I study the role of reputation building on … foreclosure in laboratory experiments. In one-shot interactions, upstream firms can choose to build a reputation by revealing … their price history to the current upstream competitor. In particular, integrated firms can establish a reputation to …
Persistent link: https://www.econbiz.de/10011555141