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Belief elicitation in experiments : is there a hedging problem?
Blanco, Mariana; Engelmann, Dirk; Koch, Alexander K.; … - 2008
both issues. We propose an experimental design that eliminates hedging opportunities, and use this to test for the … arguably would be most natural. -- Belief elicitation ; hedging ; methods ; experimental economics … existing belief elicitation results, (ii) can we avoid potential hedging confounds? Our results instill confidence regarding …
Persistent link: https://www.econbiz.de/10003719630
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Belief Elicitation in Experiments: Is there a Hedging Problem?
Blanco, Mariana; Engelmann, Dirk; Koch, Alexander K.; … - Institute for the Study of Labor (IZA) - 2008
both issues. We propose an experimental design that eliminates hedging opportunities, and use this to test for the … existing belief elicitation results, (ii) can we avoid potential hedging confounds? Our results instill confidence regarding … empirical relevance of hedging effects in the lab. We find no evidence for hedging, comparing the standard “hedging …
Persistent link: https://www.econbiz.de/10005761772
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Biases in beliefs : experimental evidence
Bauer, Dominik; Wolff, Irenaeus - 2019 - This version: 20th February, 2019
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...
Persistent link: https://www.econbiz.de/10012308290
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Biases in belief reports
Bauer, Dominik; Wolff, Irenaeus - 2021 - This version: 11th January, 2021
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...
Persistent link: https://www.econbiz.de/10013341662
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How social preferences shape incentives in (experimental) markets for credence goods
Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - 2015 - This Version: February 2015
Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus-maximizing quality. While standard theory predicts that equal mark-up prices solve the credence goods problem if customers can verify the quality received, experimental evidence...
Persistent link: https://www.econbiz.de/10010479932
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Belief elicitation in experiments : is there a hedging problem?
Blanco, Mariana; Engelmann, Dirk; Koch, Alexander K.; … - In: Experimental economics : a journal of the Economic … 13 (2010) 4, pp. 412-438
Persistent link: https://www.econbiz.de/10009298606
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Beliefs and actions in the trust game: creating instrumental variables to estimate the causal effect
Costa-Gomes, Miguel A.; Huck, Steffen; Weizsäcker, Georg - 2010
In many economic contexts, an elusive variable of interest is the agent's expectation about relevant events, e.g. about other agents' behavior. Recent experimental studies as well as surveys have asked participants to state their beliefs explicitly, but little is known about the causal relation...
Persistent link: https://www.econbiz.de/10010269485
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Beliefs and actions in the trust game: Creating instrumental variables to estimate the causal effect
Costa-Gomes, Miguel A.; Huck, Steffen; Weizsäcker, Georg - 2010
In many economic contexts, an elusive variable of interest is the agent's expectation about relevant events, e.g. about other agents' behavior. Recent experimental studies as well as surveys have asked participants to state their beliefs explicitly, but little is known about the causal relation...
Persistent link: https://www.econbiz.de/10010271362
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Belief formation in a signalling game without common prior : an experiment
Possajennikov, Alexandre - 2012
Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the strategies of the players. The experimental subjects often...
Persistent link: https://www.econbiz.de/10009535526
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Hedging and ambiguity
Oechssler, Joerg; Rau, Hannes; Roomets, Alex - 2016
modifying the timing of the draw, coin flip, and decision, we are able to test the reversal-of-order axiom, particularly as it … setting. We find that we cannot reject that the reversal-of-order axiom holds. This suggests that hedging could still be … possible when carefully implementing RLIS. However, we also find low levels of ambiguity hedging across the board, suggesting …
Persistent link: https://www.econbiz.de/10011616236