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experiment, we study the endowment effect in lotteries with the same payoffs as the games in the first part. Our findings provide …
Persistent link: https://www.econbiz.de/10011339153
experiment, we study the endowment effect in lotteries with the same payoffs as the games in the first part. Our findings provide …
Persistent link: https://www.econbiz.de/10013014082
participants. In the other, it is imposed by randomly matching decisions with decision nodes in the information set. The results …. -- imperfect recall ; absentmindedness ; dynamic inconsistency ; experiment …
Persistent link: https://www.econbiz.de/10003980493
We use a laboratory experiment to study how mutual payoff information affects play in strategic settings. Subjects play …
Persistent link: https://www.econbiz.de/10013213631
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
In an information cascade experiment participants are confronted with artificial predecessors predicting in line with … is not recognized. -- information cascade ; Bayes' Rule ; decision under risk and uncertainty ; experimental economics …
Persistent link: https://www.econbiz.de/10003402312
Informed by Grether and Plott (1979) and Cox and Grether (1996), we implement various preference elicitation procedures over a parameter grid. First, we find a lower incidence of preference reversals for probability equivalents from the dual-to-selling version of Becker, Degroot, and Marschak (1964;...
Persistent link: https://www.econbiz.de/10011757769
We studied the hypothesis that social value orientations are expressed automatically in behavior, as would be suggested by the social intuitionist model. We compared automatic and more deliberated decisions in the dictator game and confirmed that social values determine behavior when responses...
Persistent link: https://www.econbiz.de/10014051709
We report an experiment in which subjects are not indifferent between real-money lotteries implemented with …
Persistent link: https://www.econbiz.de/10008938526
of punishment. This paper presents the first controlled experiment to study a third important factor that has been mainly …
Persistent link: https://www.econbiz.de/10012438420