Narrow search
Showing 1 - 10 of 44,886
Cover Image
Social norms or low-cost heuristics? : an experimental investigation of imitative behavior
Cicognani, Simona; Mittone, Luigi - 2014
This paper extends choice theory by allowing for the interaction between cognitive costs and social norms. The authors experimentally investigate the role of imitation and temporal decisional patterns when participants face a task which is costly in cognitive terms. They identify two main...
Persistent link: https://www.econbiz.de/10010228166
Cover Image
Same process, different outcomes : group performance in an acquiring a company experimen
Casari, Marco; Zhang, Jingjing; Jackson, Christine - 2015
It is still an open question when groups perform better than individuals in intellective tasks. We report that in an Acquiring a Company game, what prevailed when there was disagreement among group members was the median proposal and not the best proposal. This aggregation rule explains why...
Persistent link: https://www.econbiz.de/10011449224
Cover Image
Signal qualities, order of decisions, and informational cascades : experimental evidences
Sasaki, Shunichiro (contributor) - 2004 - [Elektronische Ressource]
This paper reports the results of informational cascades experiments where two different decision-making systems, anti-seniority and seniority are investigated. By implementing heterogeneous signal qualities associated with the fixed order of decisions I compare the property of each system and...
Persistent link: https://www.econbiz.de/10002428105
Cover Image
Signal Qualities, Order of Decisions, and Informational Cascades : Experimental Evidences
Sasaki, Shunichiro - 2004
This paper reports the results of informational cascades experiments where two different decision-making systems, anti-seniority and seniority are investigated. By implementing heterogeneous signal qualities associated with the fixed order of decisions I compare the property of each system and...
Persistent link: https://www.econbiz.de/10014068956
Cover Image
Herding with and without payoff externalities : an internet experiment
Drehman, Mathias; Oechssler, Joerg; Roider, Andreas - 2005
Most real world situations that are susceptible to herding are also characterized by direct payoff externalities. Yet …, the bulk of the theoretical and experimental literature on herding has focused on pure informational externalities. In … effects, first-mover advantage, etc.) in a standard information-based herding model. Our results are based on an internet …
Persistent link: https://www.econbiz.de/10003380747
Cover Image
Herding and contrarian behavior in financial markets : an internet experiment
Drehmann, Mathias; Oechssler, Joerg; Roider, Andreas - 2004 - Revised version: June 2004, First version: November 2002
predicted by theory, we find that the presence of a flexible market price prevents herding. However, the presence of contrarian …
Persistent link: https://www.econbiz.de/10010361992
Cover Image
The dynamic interplay of inequality and trust—An experimental study
Greiner, Ben; Ockenfels, Axel; Werner, Peter - In: Journal of Economic Behavior & Organization 81 (2012) 2, pp. 355-365
We study the interplay of inequality and trust in a dynamic growth game, in which trust increases efficiency and thus allows higher growth of the laboratory economy in the future. We find that trust (as measured by the percentage of wealth invested in a trust game) is initially high in a...
Persistent link: https://www.econbiz.de/10011048177
Cover Image
Social norms or low-cost heuristics? An experimental investigation of imitative behavior
Cicognani, Simona; Mittone, Luigi - 2014
This paper extends choice theory by allowing for the interaction between cognitive costs and social norms. The authors experimentally investigate the role of imitation and temporal decisional patterns when participants face a task which is costly in cognitive terms. They identify two main...
Persistent link: https://www.econbiz.de/10010329603
Cover Image
Social norms or low-cost heuristics? An experimental investigation of imitative behavior
Cicognani, Simona; Mittone, Luigi - Institut für Weltwirtschaft (IfW) - 2014
This paper extends choice theory by allowing for the interaction between cognitive costs and social norms. The authors experimentally investigate the role of imitation and temporal decisional patterns when participants face a task which is costly in cognitive terms. They identify two main...
Persistent link: https://www.econbiz.de/10010956080
Cover Image
Social norms or low-cost heuristics? An experimental investigation of imitative behavior
Cicognani, Simona; Mittone, Luigi - Dipartimento di Economia e Management, Università … - 2014
This paper extends choice theory by allowing for the interaction between cognitive costs and social norms. We experimentally investigate the role of imitation when participants face a task which is costly in cognitive terms. We identify two main reasons for imitative behavior. First, individuals...
Persistent link: https://www.econbiz.de/10010750271