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Price formation in a sequential selling mechanism

Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2005

auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …

Persistent link: https://www.econbiz.de/10010365906

Multidimensional Private Information, Market Structure and Insurance Markets

Fang, Hanming - 2016

A large empirical literature found that the correlation between insurance purchase and ex post realization of risk is often statistically insignificant or negative. This is inconsistent with the predictions from the classic models of insurance a la Akerlof (1970), Pauly (1974) and Rothschild and...

Persistent link: https://www.econbiz.de/10012980824

Heterogeneity in health insurance choice : an experimental investigation of consumer choice and feature preferences

Hermanns, Benedicta; Kairies-Schwarz, Nadja; Kokot, Johanna - 2023

data from a controlled laboratory experiment. Within the experiment, participants make consecutive insurance choices based … decision quality when we assume a rank-dependent expected utility model of risk preferences. …

Persistent link: https://www.econbiz.de/10014305687

Buy-it-Now prices in eBay auctions : the field in the lab ; conference paper

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2014

predictions of a model by combining the real auction environment (eBay auction platform and eBay traders) with the techniques of … prices below those expected in second price auctions. Our proposed extension of the model results not only in a better fit of … according to this information in the direction predicted by the model. They increase their BIN price when facing a population of …

Persistent link: https://www.econbiz.de/10010491157

Sex hormones and competitive bidding

Schipper, Burkhard - 2012

We correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary testosterone, estradiol, progesterone, and cortisol in more than 200 subjects. Females bid significantly higher and earn significantly lower profits than males. Moreover,...

Persistent link: https://www.econbiz.de/10009544159

Can risk-taking preferences be modified? : some experimental evidence

Booth, Alison L.; Nolen, Patrick - 2014

We summarise our two sets of controlled experiments designed to see if single-sex classes within coeducational environments modify students' risk-taking attitudes. In Booth and Nolen (2012b), subjects are in years 10 and 11, while in Booth, Cardona-Sosa and Nolen (2014), they are first-year...

Persistent link: https://www.econbiz.de/10010344873

Incentive contracts when agents distort probabilities

Gonzalez Jimenez, Victor H. - In: Quantitative economics : QE ; journal of the … 15 (2024) 3, pp. 607-653

optimal. A theoretical framework and an experiment demonstrate that stochastic contracts implemented with small probabilities …

Persistent link: https://www.econbiz.de/10015053193

Testing for Adverse Selection in Insurance Markets

Cohen, Alma - 2017

This paper reviews and evaluates the empirical literature on adverse selection in insurance markets. We focus on empirical work that seeks to test the basic coverage - risk prediction of adverse selection theory - that is, that policyholders who purchase more insurance coverage tend to be...

Persistent link: https://www.econbiz.de/10012976758

Estimating Risk Preferences from Deductible Choice

Cohen, Alma; Einav, Liran - 2010

contracts. To do so, we develop a structural econometric model of adverse selection that allows for unobserved heterogeneity in …

Persistent link: https://www.econbiz.de/10014051801

A simple questionnaire can change everything: Are strategy choices in coordination games stable?

Berninghaus, Siegfried K.; Todorova, Lora; Vogt, Bodo - 2011

This paper presents results from an experiment designed to study the effect of self reporting risk preferences on …

Persistent link: https://www.econbiz.de/10010286484

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