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We report results from a laboratory experiment that explores the effects of preference communication and leader selection mechanisms in group decision-making. In a setting where all members of a group get the same payoff based on the group leader's decision of how much risk to take, we study the...
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generalized notion of) choice structure in terms of belief revision by adding: (1) the possibility that an item of "information …" might be discarded as not credible (thus dropping theAGMsuccess axiom) and (2) the possibility that an item of information …, while not accepted as fully credible, may still be "taken seriously" (we call such items of information "allowable"). We …
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In three sets of experiments involving 5,432 subjects, we show that agents make more errors when doing so allows them to justify selfish behavior. We show that errors relating to addition arise when they can help to justify selfishness but are eliminated when selfish motives are removed. In...
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experimental lab in three different informational settings, and study the role of information in individual decision making. Our … truthful preference revelation. In addition, we find that information has an important effect on truthful behavior and … stability. Nevertheless, regarding efficiency, the Gale-Shapley mechanism is less sensitive to the amount of information …
Persistent link: https://www.econbiz.de/10003644959
information about them. But, in many settings of interest, evaluators have a choice about how much information to acquire about a … information acquisition amplifies discriminatory outcomes in a simulated hiring environment. Across evaluators, we vary the … beliefs about a candidate after acquiring more information, and persists in final evaluations. This bias has a significantly …
Persistent link: https://www.econbiz.de/10014505373
experimental lab in three different informational settings, and study the role of information in individual decision making. Our … truthful preference revelation. In addition, we find that information has an important effect on truthful behavior and … stability. Nevertheless, regarding efficiency, the Gale-Shapley mechanism is less sensitive to the amount of information …
Persistent link: https://www.econbiz.de/10010332350