Showing 201 - 210 of 58,824
Persistent link: https://www.econbiz.de/10010528943
Persistent link: https://www.econbiz.de/10010529049
Betrayal aversion has been operationalized as the evidence that subjects demand a higher risk premium to take social risks compared to natural risks. This evidence has been first shown by Bohnet and Zeckhauser (2004) using an adaptation of the Becker-DeGroot-Marshak mechanism (BDM, Becker et al....
Persistent link: https://www.econbiz.de/10010530639
setting. The experiments replicate an OTC market similar to the one used in monetary and financial economics (Shi, 1995 … its lack of "recognizability." We study a benchmark experiment where the OTC bargaining game takes place under complete … information, a set of experiments with adverse selection where the terminal value of notes are determined exogenously, and a set …
Persistent link: https://www.econbiz.de/10009763984
consequences. A principal-agent experiment is studied in which prior to contract choice principals are informed about past actions … mechanism's robustness is explored in further experiments. …
Persistent link: https://www.econbiz.de/10009765609
Persistent link: https://www.econbiz.de/10009773906
Persistent link: https://www.econbiz.de/10009775030
Persistent link: https://www.econbiz.de/10009775032
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such context many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10009748615
Persistent link: https://www.econbiz.de/10009751107