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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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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 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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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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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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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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Spillovers, Persistence and Learning : Institutions and the Dynamics of Cooperation
Galbiati, Roberto - 2017
We study how cooperation-enforcing institutions dynamically affect values and behavior using a lab experiment designed …
Persistent link: https://www.econbiz.de/10012950895
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Toward a Behavioral Theory of Real Options : Noisy Signals, Bias, and Learning
Posen, Hart E. - 2020
We develop a behavioral theory of real options that relaxes the informational and behavioral assumptions underlying applications of financial options theory to real assets. To do so, we augment real option theory's focus on uncertain future asset values (prospective uncertainty) with feedback...
Persistent link: https://www.econbiz.de/10012856401
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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/10010284129
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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