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We examine the value added of tournaments that compare the predictive power of behavioral models. The advantages and disadvantages of this particular method have not been systematically discussed in the literature; here we aspire to do so. We conclude that tournaments are a useful addition to our...
Persistent link: https://www.econbiz.de/10014167945
We study experimentally the nature of dominance violations in three minimalist dominance-solvable guessing games. Only about a third of our subjects report reasoning consistent with dominance; they all make dominant choices and almost all expect others to do so. Nearly two-third of our subjects...
Persistent link: https://www.econbiz.de/10008460084
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Planning, operation and analysis of transportation systems hinge on theories and assumptions regarding individual choices, traffic flows, and traffic equilibria. Transportation field data collection, however, often lacks sufficient control, and therefore is often not suitable to test theories in...
Persistent link: https://www.econbiz.de/10013030786
We propose a computational model to study (the evolution of) post--secondary education. "Consumers" who differ in quality shop around for desirable colleges or universities that also differ in quality. We study the dynamics and asymptotics for three nested variants of this matching model: the...
Persistent link: https://www.econbiz.de/10005706515
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Recently, it has been argued that the evidence in social science research suggests that deceiving participants in an experiment does not lead to a significant loss of experimental control. Based on this assessment, experimental economists were counseled to lift their de facto prohibition against...
Persistent link: https://www.econbiz.de/10005711659
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To discuss experimental results without discussing how they came about makes sense when the results are robust to the way experiments are conducted. Experimental results, however, are – arguably more often than not – sensitive to numerous design and implementation characteristics such as the...
Persistent link: https://www.econbiz.de/10008505422
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