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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
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Determinants of trust : the role of personal experiences
Schwerter, Frederik; Zimmermann, Florian - 2019
Social interactions pervade daily life and thereby create an abundance of social experiences. Such personal experiences likely shape what we believe and who we are. In this paper, we ask if and how personal experiences from social interactions determine individuals' inclination to trust others?...
Persistent link: https://www.econbiz.de/10011987073
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Learning and the Possibility of Losing Own Money Reduce Overbidding : Delayed Payment in Experimental Auctions
Zhang, Yu Yvette - 2017
received a cash endowment two weeks after the experiment day and had to use their own money to pay the experimental loss (if … any) on the experiment day. We compared the effect of delayed payment on overbidding in the induced value SPAs with the … conventional “on-the-spot” payment mechanism when the subjects received an endowment on the experiment day, and the prepaid …
Persistent link: https://www.econbiz.de/10012971336
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Multi-Media Learning and Experimental Economics Instructions
Candreva, Christopher - 2020
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
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On the Behavior of Proposers in Ultimatum Games
Brenner, Thomas; Vriend, Nicolaas J. - 2003
We demonstrate that one should not expect convergence of the proposals to the subgame perfect Nash equilibrium offer in standard ultimatum games. First, imposing strict experimental control of the behavior of the receiving players and focusing on the behavior of the proposers, we show...
Persistent link: https://www.econbiz.de/10014075019
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How to Adapt to Changing Markets : Experience and Personality in a Repeated Investment Game
Hopfensitz, Astrid - 2010
Investment behavior is traditionally investigated with the assumption that risky investment is on average advantageous. However, this may not always be the case. In this paper, we experimentally studied investment choices made by students and financial professionals under favorable and...
Persistent link: https://www.econbiz.de/10013146293
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Using methods from machine learning to evaluate behavioral models of choice under risk and ambiguity
Peysakhovich, Alexander; Naecker, Jeffrey - In: Journal of economic behavior & organization : JEBO 133 (2017), pp. 373-384
Persistent link: https://www.econbiz.de/10011737620
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Extreme outcomes accentuate overweighting of low probabilities and underweighting of high probabilities in experience-based choice
Elston, Thomas W.; Leuthold, Hartmut; Mackenzie, Ian G.; … - In: Journal of behavioral decision making 37 (2024) 2, pp. 1-13
Persistent link: https://www.econbiz.de/10014536448
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Attention and selection effects
Ambuehl, Sandro; Ockenfels, Axel; Stewart, Colin - 2019
decide based on worse information and are more likely to regret their decision ex post. The learning-based selection effect …
Persistent link: https://www.econbiz.de/10012052276
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Decision and strategies in a sequential search experiment
Sonnemans, Joep - 1997
works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …
Persistent link: https://www.econbiz.de/10011283474