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This paper describes results of a pair of incentivized experiments on biases in judgments about random samples. Consistent with the Law of Small Numbers (LSN), participants exaggerated the likelihood that short sequences and random subsets of coin flips would be balanced between heads and tails....
Persistent link: https://www.econbiz.de/10012946183
Persistent link: https://www.econbiz.de/10011754479
This paper describes results of a pair of incentivized experiments on biases in judgments about random samples. Consistent with the Law of Small Numbers (LSN), participants exaggerated the likelihood that short sequences and random subsets of coin flips would be balanced between heads and tails....
Persistent link: https://www.econbiz.de/10012453787
This paper describes results of a pair of incentivized experiments on biases in judgments about random samples. Consistent with the Law of Small Numbers (LSN), participants exaggerated the likelihood that short sequences and random subsets of coin flips would be balanced between heads and tails....
Persistent link: https://www.econbiz.de/10012945762
prices. Subjects in our experiment predict both random walk times series, as in the seminal work by Bloomfield & Hales (2002 …
Persistent link: https://www.econbiz.de/10013285949
prices. Subjects in our experiment predict both random walk times series, as in the seminal work by Bloomfied and Hales (2002 …
Persistent link: https://www.econbiz.de/10013404042
In three distinct disciplines, crime and punishment are studied experimentally: in empirical legal studies, in experimental economics, and an experimental criminology. These three disciplines have surprisingly little interaction. The current paper surveys the rich evidence, and discusses the...
Persistent link: https://www.econbiz.de/10011455955
Persistent link: https://www.econbiz.de/10015154237
Why do some people behave pro-socially while others do not? Using an experimental design based on Konow and Earley (JPubE, 2008), I investigate a reason already proposed by Aristotle in his Nicomachean Ethics: He claims that there is a nexus between virtues and well-being and that enduring...
Persistent link: https://www.econbiz.de/10010336819
classical investment theory. The presence of a price floor and learning from personal experience during the experiment do not …
Persistent link: https://www.econbiz.de/10010235112