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The strength of weak leaders : an experiment on social influence and social learning in teams

Buechel, Berno; Klößner, Stefan; Lochmüller, Martin; … - 2018

We investigate how the selection process of a leader affects team performance with respect to social learning. We use a … lab experiment in which an incentivized guessing task is repeated in a star network with the leader at the center. Leader … models of social learning to investigate the micro-level mechanisms. We find that overconfidence and conservatism contribute …

Persistent link: https://www.econbiz.de/10011794457

Learning Temporal Preferences

Palacios-Huerta, Ignacio; Miravete, Eugenio J. - 2003

implications for the nature and formation of preferences. We study the tariff experiment conducted by South Central Bell where … local telephone tariffs were introduced for the first time in Louisville, KY. Households were given the choice to remain in …

Persistent link: https://www.econbiz.de/10014107895

Social Learning and Strategic Pricing with Rating Systems

Chen, Chia‐Hui; Chen, Kong-pin; Ishida, Junichiro - 2023

Despite widespread use in online transactions, rating systems only provide summary statistics of buyers' diverse opinions at best. To investigate the consequences of this coarse form of information aggregation, we consider a dynamic lemons market in which buyers share their evaluations...

Persistent link: https://www.econbiz.de/10014345170

Information choice in a social learning experiment

Duffy, John; Hopkins, Ed; Kornienko, Tatiana; Ma, Mingye - In: Games and economic behavior 118 (2019), pp. 295-315

Persistent link: https://www.econbiz.de/10012239133

Privacy concerns, voluntary disclosure of information, and unraveling : an experiment

Benndorf, Volker; Kübler, Dorothea; Normann, Hans-Theo - 2013

We study the voluntary revelation of private, personal information in a labor-market experiment with a lemons structure …

Persistent link: https://www.econbiz.de/10010188736

Privacy concerns, voluntary disclosure of information, and unraveling : an experiment

Benndorf, Volker; Kübler, Dorothea; Normann, Hans-Theo - 2014

We study the voluntary revelation of private information in a labor-market experiment where workers can reveal their …

Persistent link: https://www.econbiz.de/10010437281

Habitual communication

Ioannidis, Konstantinos - 2022

Many everyday activities are habitual. Among the most common human activities is communication. If people primarily communicate in a common-interests environment, they may form habits of truth-telling and believing messages. If they primarily communicate in a conflicting-interests environment,...

Persistent link: https://www.econbiz.de/10012887895

Are 'Rockets and Feathers' Caused by Search or Informational Frictions?

Bayer, Ralph C. - 2011

Prices usually adjust much faster when costs increase than when costs decrease. The mechanism driving this Rockets-and-Feathers phenomenon is not well understood despite of ample empirical evidence for its existence.We use simple experimental markets with and without consumer search and either...

Persistent link: https://www.econbiz.de/10013120039

Discounts and Consumer Search Behavior : The Role of Framing

Bayer, Ralph C. - 2011

We implement a simple two-shop search model in the laboratory with the aim of testing if consumers behave differently in equivalent situations, where prices are displayed either as net prices or as gross prices with discounts. We compare search behavior in base treatments (where both shops post...

Persistent link: https://www.econbiz.de/10013120041

Rockets and Feathers in the Laboratory

Bayer, Ralph C. - 2011

Consumers often complain that retail prices respond faster to increases in wholesale prices than to decreases. Despite many empirical studies confirming this "Rockets-and-Feathers" phenomenon for different industries, the mechanism driving it is not well understood. In this paper, we show that,...

Persistent link: https://www.econbiz.de/10013120045