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effect. Relying on a simple experiment, we investigate which failure of these axioms is concomitant with the empirical …
Persistent link: https://www.econbiz.de/10010367224
A sender chooses ex ante how information will be disclosed ex post. A receiver obtains public information and information disclosed by the sender. Then he takes one of two actions. The sender wishes to maximize the probability that the receiver takes the desired action. I show that the sender...
Persistent link: https://www.econbiz.de/10013080693
more impatient decision maker may experiment more, given lump-sum final payoffs. We show that (a) and (b) are robust to … decisions at each instant: stop or experiment, and then at what level n. The second choice equates the marginal costs and …
Persistent link: https://www.econbiz.de/10014060773
more impatient decision maker may experiment more, given lump-sum final payoffs. We show that (a) and (b) are robust to … decisions at each instant: stop or experiment, and then at what level n. The second choice equates the marginal costs and …
Persistent link: https://www.econbiz.de/10014142706
' responsiveness in the long run. Using an online experiment, we assess how false alarm and missed alarm-prone forecast systems …
Persistent link: https://www.econbiz.de/10015053857
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
To identify ambiguity attitudes in general environments, we propose a noncontroversial and easy-to-apply method that first orders beliefs by their "favorableness," and then make inferences based on choices. In our first-price two-person partnership dissolving auction experiments, the partners...
Persistent link: https://www.econbiz.de/10013088429
experiment exploits the potential of the increasingly popular BDM elicitation procedure adopted to lotteries to distort beliefs …
Persistent link: https://www.econbiz.de/10012904062
We design an experiment to study how reversible entry decisions are affected by public and private payoff disclosure …
Persistent link: https://www.econbiz.de/10013211962
Persistent link: https://www.econbiz.de/10013430409