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Analyzing learning effects in the newsvendor model by probabilistic methods

Andersson, Jonas; Jörnsten, Kurt O.; Lillestøl, Jostein; … - 2019

Persistent link: https://www.econbiz.de/10012178902

Experimental economics for machine learning : a methodological contribution

Bershadskyy, Dmitri; Dinges, Laslo; Fiedler, Marc-André; … - 2023

experimental economics. To illustrate this, we replicate the “lies in disguise-experiment” (Fischbacher & Föllmi-Heusi, 2013) with … experiment despite monitoring. Yet, our experiment allows for an individual-level analysis and provides a video data set that can …

Persistent link: https://www.econbiz.de/10014317961

Learning direction theory and the winners curse

Selten, Reinhard; Abbink, Klaus; Cox, Ricarda - 2001

We report an experiment on a decision task by SAMUELSON and BAZERMAN (1985). Subjects submit a bid for an item with an …

Persistent link: https://www.econbiz.de/10011539130

Bubbles, crashes and information contagion in large-group asset market experiments

Hommes, Cars H.; Kopányi-Peuker, Anita; Sonnemans, Joep - 2019

We experimentally investigate how price expectations are formed in a large asset market where subjects' only task is to forecast the future price of a risky asset. The realized prices depend on these expectations. We observe small (6 participants) and large markets (about 100 participants). In...

Persistent link: https://www.econbiz.de/10011979625

What can we learn from experiments? : understanding the threats to the scalability of experimental results

Al-Ubaydli, Omar; List, John A.; Suskind, Dana L. - In: The American economic review 107 (2017) 5, pp. 282-286

Persistent link: https://www.econbiz.de/10011783058

Behavioral and experimental macroeconomics and policy analysis : a complex systems approach

Hommes, Cars H. - 2018

This survey discusses behavioral and experimental macroeconomics emphasizing a complex systems perspective. The economy consists of boundedly rational heterogeneous agents who do not fully understand their complex environment and use simple decision heuristics. Central to our survey is the...