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Expectations-Based Loss Aversion May Help Explain Seemingly Dominated Choices in Strategy-Proof Mechanisms

Dreyfuss, Bnaya - 2019

Deferred Acceptance (DA), a widely implemented algorithm, is meant to improve allocations: under classical preferences, it induces preference-concordant rankings. However, recent evidence shows that—in both real, large-stakes applications and experiments—participants frequently play...

Persistent link: https://www.econbiz.de/10012871373

Coordination under loss contracts

Ahrens, Steffen; Bitter, Lea; Bosch-Rosa, Ciril - 2020

In this paper we study the effects that loss contracts - prepayments that can be clawbacked later - have on group coordination when there is strategic uncertainty. We compare the choices made by experimental subjects in a minimum effort game. In control sessions, incentives are formulated as a...

Persistent link: https://www.econbiz.de/10012285502

Quality disclosure under consumer loss aversion

Zhang, Jianqiang; Li, Jiaoyang - In: Management science : journal of the Institute for … 67 (2021) 8, pp. 5052-5069

Persistent link: https://www.econbiz.de/10012625089

Deal or no deal? : decision-making under risk in a large-payoff game show

Post, Thierry; Baltussen, Guido; Assem, Martijn J. van den - 2006

We examine the risky choices of contestants in the popular TV game show “Deal or No Deal” and related classroom experiments. Contrary to the traditional view of expected utility theory, the choices can be explained in large part by previous outcomes experienced during the game. Risk aversion...

Persistent link: https://www.econbiz.de/10011348343

Learning about a class of belief-dependent preferences without information on beliefs

Bellemare, Charles; Sebald, Alexander - 2011

common to preferences in this class. We illustrate our approach by analyzing data from a large scale experiment conducted … with a sample of participants randomly drawn from the Dutch population. We find that behavior of players in the experiment … determinant of decisions in our experiment. -- belief-dependent preferences ; guilt aversion ; reciprocity ; partial …

Persistent link: https://www.econbiz.de/10009408898

Biases in beliefs : experimental evidence

Bauer, Dominik; Wolff, Irenaeus - 2019 - This version: 20th February, 2019

Many papers have reported behavioral biases in belief formation that come on top of standard game-theoretic reasoning. We show that the processes involved depend on the way participants reason about their beliefs. When they think about what everybody else or another "unspeci fied" individual is...

Persistent link: https://www.econbiz.de/10012308290