Showing 1 - 10 of 1,779
We utilize a laboratory experiment to compare effort provision under optimal tournament contracts with different …
Persistent link: https://www.econbiz.de/10011337036
and punishment. We test the model s predictions in a laboratory experiment and find that the combination of reward and …
Persistent link: https://www.econbiz.de/10010340563
, meaning an influence of democratic instability on free trade agreements and vice versa. Using an online experiment with two …
Persistent link: https://www.econbiz.de/10014232853
We analyse the dynamics resulting from social learning in a simple general equilibrium (GE) model, whose structure is similar to the one underlying macroeconomic models of the New Macroeconomic Synthesis. The economy is composed by households and firms who exchange labour and consumption goods...
Persistent link: https://www.econbiz.de/10013048351
We use a limited information environment to assess the role of confusion in the repeated voluntary contributions game. A comparison with play in a standard version of the game suggests, that the common claim that decision errors due to confused subjects biases estimates of cooperation upwards,...
Persistent link: https://www.econbiz.de/10009690143
In this paper individual overconfidence within the context of an experimental asset market is investigated. Overall, 72 participants traded one risky asset on six markets of 12 participants each. The results indicate that individuals were not generally overconfident. Moreover, overconfidence was...
Persistent link: https://www.econbiz.de/10009614297
This paper uses an experimental design of voluntary information acquisition to assess the information assumptions of different learning models. The design is implemented in two-stage asymmetric-information games. Subjects' information-seeking behavior reveals that they tend to choose certain...
Persistent link: https://www.econbiz.de/10012938179
This paper examines the influence of pre-experiment tasks on subject understanding. It used a 2x2 design varying the … type of instructions and whether or not the pre-experiment quiz was incentivized. The Standard instructions were written …-Media Learning literature, which aims to find ways to maximize subject understanding from instruction. After the pre-experiment …
Persistent link: https://www.econbiz.de/10012849403
therefore conducted an experiment to see if people make the predicted strategic move. The experiment uses a simple bargaining …
Persistent link: https://www.econbiz.de/10012718234
This paper proposes a way of using observational pretest data for the design of experiments. In particular, this paper trains a random forest on the pretest data and stratifies the allocation of treatments to experimental units on the predicted dependent variables. This approach reduces much of...
Persistent link: https://www.econbiz.de/10011724511