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dishonesty. We ran a laboratory experiment with 560 participants inspired by the "observed game" developed by Kajackaite and …
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We investigate experimentally on eBay how sellers set prices in "Buy-It-Now" (BIN) auctions. We find that the eBay format leads to prices substantially below those expected in second-price auctions. Moreover, our results reveal that the information available on eBay about buyer experience and...
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Many papers have reported behavioral biases in belief formation that come on top of standard game-theoretic reasoning. We show that the processes involved depend on the way participants reason about their beliefs. When they think about what everybody else or another "unspeci fied" individual is...
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in a laboratory experiment. Our data confirm that placing bid-caps and using favorable tie-breaking rules significantly … diminishes discouragement in weaker contestants. The impact on revenue is more intricate. In contrast to theory, a strict bid …-cap does not increase revenue, but a mild bid-cap can increase revenue even when not predicted by theory. Our data also show …
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We use an experiment to test the hypothesis that groups consisting of like-minded cooperators are able to cooperate …
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Belief elicitation is important in many different felds of economic research. We show that how a researcher elicits such beliefs-in particular, whether the belief is about the participant's opponent, an unrelated other, or the population of others-affects the processes involved in the formation...
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