Showing 351 - 360 of 443
The ability to detect a change, to accurately assess the magnitude of the change, and to react to that change in a commensurate fashion are of critical importance in many decision domains. Thus, it is important to understand the factors that systematically affect people’s reactions to change....
Persistent link: https://www.econbiz.de/10009209676
Gambling frequencies on single numbers in real casino roulette were displayed in a contour map. This resulted not only in a confirmation that gamblers are subject to middle bias, but also to accessibility effects. The figure allowed us to infer the location of the roulette wheel and croupier...
Persistent link: https://www.econbiz.de/10009209677
This paper investigates the effect of compensation of corporate personnel on their investment in new technologies. We focus on a specific corporate activity, namely corporate venture capital (CVC), describing minority equity investment by established-firms in entrepreneurial ventures. The...
Persistent link: https://www.econbiz.de/10009209678
Do participants bring their own priors to an experiment? If so, do they share the same priors as the researchers who design the experiment? In this article, we examine the extent to which self-generated priors conform to experimenters’ expectations by explicitly asking participants to indicate...
Persistent link: https://www.econbiz.de/10009209679
Since its inception, psychology has studied position effects. But the position was a temporal one in sequential presentation, and the dependent variables related to memory and learning. This paper attempts to survey position effects when position is spatial (namely, position=location), all...
Persistent link: https://www.econbiz.de/10009209680
A stranger entering the store ahead of you may hold the door open so it does not slam in your face, or your daughter may tidy up the kitchen when she realizes that you are very tired: both act out of considerateness. In acting considerately one takes others into consideration. The considerate...
Persistent link: https://www.econbiz.de/10009209681
Consider the problem of maximizing the revenue from selling a number of goods to a single buyer. We show that, unlike the case of one good, when the buyer's values for the goods increase the seller's maximal revenue may well decrease. We also provide a characterization of revenue-maximizing...
Persistent link: https://www.econbiz.de/10010593232
Myerson’s classic result provides a full description of how a seller can maximize revenue when selling a single item. We address the question of revenue maximization in the simplest possible multi-item setting: two items and a single buyer who has independently distributed values for the...
Persistent link: https://www.econbiz.de/10010546993
The acquaintance principle (AP) and the view it expresses have recently been tied to a debate surrounding the possibility of aesthetic testimony, which, plainly put, deals with the question whether aesthetic knowledge can be acquired through testimony-typically aesthetic and non-aesthetic...
Persistent link: https://www.econbiz.de/10010617788
Simon (2003) presented an example of a 3-player Bayesian games with no Bayesian equilibria but it has been an open question whether or not there are games with no approximate Bayesian equilibria. We present an example of a Bayesian game with two players, two actions and a continuum of states...
Persistent link: https://www.econbiz.de/10010617789