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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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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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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
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An Experiment on Social Mislearning
Eyster, Erik - 2015
We investigate experimentally whether social learners appreciate the redundancy of information conveyed by the behavior of those they observe. Each experimental participant observes a private signal and enters an estimate of the sum of all earlier-moving participants' signals plus her own. In a...
Persistent link: https://www.econbiz.de/10013010109
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Learning from unrealized versus realized prices
Ngangoue, Kathleen; Weizsäcker, Georg - 2015
Our market experiment investigates the extent to which traders learn from the price, differentiating between situations …
Persistent link: https://www.econbiz.de/10011280005
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Optional Disclosure and Observational Learning
Peng, Diefeng - 2017
Observational learning theories often assume that people's actions can be observed. However, in many naturally-occurring environments, individuals can choose whether to disclose their behavior to others. We provide theoretical analysis of observational learning under optional disclosure...
Persistent link: https://www.econbiz.de/10012941804
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Four contributions to experimental economics : binary choice experiments
Chmura, Thorsten - 2010
Persistent link: https://www.econbiz.de/10008858377
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Experimental Business Research
Rapoport, Amnon (ed.); Zwick, Rami (ed.) - 2005
Persistent link: https://www.econbiz.de/10003228257
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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...
Persistent link: https://www.econbiz.de/10011929804
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Experimental Rules
Gubler, Zachary James - 2013
“arbitrary and capricious” review is likely to compel regulators to take into account learning generated by the experiment … the experiment had generated sufficient data to determine whether proxy access is a desirable policy that should be …
Persistent link: https://www.econbiz.de/10014161381