Narrow search
Showing 1 - 10 of 20,457
Cover Image
The curse of knowledge increases self-selection into competition : experimental evidence
Danz, David - 2014 - Rev.
The psychology literature provides ample evidence that people have difficulties taking the perspective of less-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative overconfidence and overentry into competition. In a broader...
Persistent link: https://www.econbiz.de/10010403249
Cover Image
Tax policy and entrepreneurial entry with information asymmetry and learning
D'Andria, Diego - 2017 - This version: February 2017
We study a market with entrepreneurial and workers entry where both entrepreneurs' abilities and workers' qualities are private information. We develop an Agent-Based Computable model to mimic the mechanisms described in a previous analytical model (Boadway and Sato 2011). Then, we introduce the...
Persistent link: https://www.econbiz.de/10011982041
Cover Image
Taxation, information acquisition, and trade in decentralized markets : theory and test
Dang, Tri-Vi; Liu, Xiaoxi; Morath, Florian - 2022
This paper shows that a transaction tax makes trades in decentralized markets more information sensitive and enlarges the range of information costs for which the equilibrium exhibits private information acquisition and endogenous adverse selection. A transaction tax reduces the probability of...
Persistent link: https://www.econbiz.de/10013259519
Cover Image
Concern for relative standing and deception
Galanis, Spyros; Vlassopoulos, Michael - 2014
We report results from a sender-receiver deception game, which tests whether an individual's decision to deceive is … order to obtain a higher payoff. A sender is positively biased if he thinks that he is higher in the deception distribution … information about the deception of his peers. The experimental data confirm this. We conclude that concern for relative standing …
Persistent link: https://www.econbiz.de/10010404042
Cover Image
Deception and self-deception
Schwardman, Peter; Weele, Joël J. van der - 2016
in the ensuing interactions, unless the evaluators have been explicitly instructed to watch out for lies. These results …
Persistent link: https://www.econbiz.de/10011441641
Cover Image
Promises as Commitments
Potters, Johannes (Jan) J. M.; Ismayilov, Huseyn - 2012
We implement a trust game in which the trustee can write a free-form pre-play message for the trustor. The main twist in our design is that there is a 50% probability that the message is delivered to the trustor and a 50% probability that the message is replaced by an empty sheet. We find that...
Persistent link: https://www.econbiz.de/10014166288
Cover Image
Corporate taxation and financial strategies under asymmetric information
Cohen, Francesco; Fedele, Alessandro; Panteghini, Paolo - 2014
equilibrium can arise. More importantly, the equilibrium is crucially affected by corporate taxation. Given these results, we also …
Persistent link: https://www.econbiz.de/10010347029
Cover Image
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 where orders are submitted before versus after the price has realized. When market participants have to submit their bids conditional on the price, they show a bias by reacting...
Persistent link: https://www.econbiz.de/10011280005
Cover Image
Information defaults in repeated public good provision
Liu, Jia; Sonntag, Axel; Zizzo, Daniel John - 2020
We present an experiment that models a repeated public good provision setting where the policy maker or manager does not have perfect control over information flows. Rather, information seeking can be affected by changing the information default as well as the price of information. The default...
Persistent link: https://www.econbiz.de/10012152475
Cover Image
Gender Differences in Asset Information Acquisition
Taylor, Matthew Paul - 2018
Using an experiment, we test whether men acquire information about investments differently than women. When information is costly, we find that men purchase more information about investment choices than females and more information increases the likelihood of owning the risky asset. The...
Persistent link: https://www.econbiz.de/10012925041