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Two participants have to decide jointly, with the discussions preceding their choice being video/audiotaped. For two tasks, one with and one without strategic interaction, we refer to obvious reasoning styles as mental models. The videotaped discussions are analyzed according to which mental...
Persistent link: https://www.econbiz.de/10009723594
. So can we trust the existing belief-elicitation results? And can we avoid potential hedging confounds? We propose an … experimental design that theoretically eliminates hedging opportunities. Using this design we test for the empirical relevance of … hedging effects in the lab. Our results suggest that hedging confounds are not a major problem if hedging opportunities are …
Persistent link: https://www.econbiz.de/10013147495
stated beliefs against adverse outcomes of other decisions in the experiment... …
Persistent link: https://www.econbiz.de/10005859637
stated beliefs against adverse outcomes of other decisions in the experiment. This raises two questions: (i) can we trust the … existing belief elicitation results, (ii) can we avoid potential hedging confounds? Our results instill confidence regarding … both issues. We propose an experimental design that eliminates hedging opportunities, and use this to test for the …
Persistent link: https://www.econbiz.de/10005761772
We run an experiment that gives subjects the opportunity to hedge away ambiguity in an Ellsberg-style experiment … 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
The hypothesis that vertically integrated firms have an incentive to foreclose the input market because foreclosure raises its downstream rivals' costs is the subject of much controversy in the theoretical industrial organization literature. A powerful argument against this hypothesis is that,...
Persistent link: https://www.econbiz.de/10008666950
We study the voluntary revelation of private, personal information in a labor-market experiment with a lemons structure …
Persistent link: https://www.econbiz.de/10009789435
We investigate the link between leadership, beliefs and pro-social behavior. This link is interesting because field evidence suggests that people's behavior in domains like charitable giving, tax evasion, corporate culture and corruption is influenced by leaders (CEOs, politicians) and beliefs...
Persistent link: https://www.econbiz.de/10010417195
We investigate the link between leadership, beliefs and pro-social behavior. This link is interesting because field evidence suggests that people's behavior in domains like charitable giving, tax evasion, corporate culture and corruption is influenced by leaders (CEOs, politicians) and beliefs...
Persistent link: https://www.econbiz.de/10010418877
We investigate the link between leadership, beliefs and pro-social behavior. This link is interesting because field evidence suggests that people's behavior in domains like charitable giving, tax evasion, corporate culture and corruption is influenced by leaders (CEOs, politicians) and beliefs...
Persistent link: https://www.econbiz.de/10010428834