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The Effect of Endogenous Contract Selection on Budgetary Slack : An Experimental Examination of Trust, Distrust, and Trustworthiness

Douthit, Jeremy; Schwartz, Steven T.; Stevens, Douglas E.; … - 2017

, we apply insights from both agency theory and social norm theory to develop our theoretical expectations. We hypothesize …

Persistent link: https://www.econbiz.de/10014128874

Self Confidence Spillovers and Motivated Beliefs

Banerjee, Ritwik; Datta Gupta, Nabanita; Villeval, … - 2018

artefactual field experiment in India, we show that success when competing in a task increases the performers’ self-confidence and … competitiveness in the subsequent task. We also find that such spillovers affect the self-confidence of low-status individuals more … than that of high-status individuals. Receiving good news under Affirmative Action, however, boosts confidence across tasks …

Persistent link: https://www.econbiz.de/10014033592

Joy Leads to Overconfidence – and a Simple Remedy

Koellinger, Philipp; Treffers, Theresa - 2014

Overconfidence has been identified as a source of suboptimal decision making in many reallife domains, and it often has far-reaching consequences. Here, we demonstrate a causal mechanism that leads to overconfidence and show a simple, effective remedy for it in an incentive-compatible...

Persistent link: https://www.econbiz.de/10014041817

Reciprocity and learning effects in price competition

Nese, Annamaria; O'Higgins, Shane Niall; Sbriglia, Patrizia - 2023

One disputed topic in Organization and Management economics is how leadership and collusive agreements are set and maintained in industries where firms are characterised by similar technological opportunities and structures. This topic is particularly important to analyse online and digital...

Persistent link: https://www.econbiz.de/10014437914

Time as a Medium of Reward in Three Social Preference Experiments

Stoop, Jan; Noussair, Charles N. - 2012

We report results from three well-known experimental paradigms, where we use time, rather than money, as the salient component of subjects’ incentives. The three experiments, commonly employed to study social preferences, are the dictator game, the ultimatum game and the trust game. All...

Persistent link: https://www.econbiz.de/10014166253

Price dynamics and trader overconfidence

Ahrens, Steffen; Bosch-Rosa, Ciril; Roulund, Rasmus Pank - 2019

Overconfidence is one of the most important biases in financial markets and commonly associated with excessive trading and asset market bubbles. So far, most of the finance literature takes overconfidence as a given, "static" personality trait. In this paper we introduce a novel experimental...

Persistent link: https://www.econbiz.de/10012034133

Price competition and reputation in markets for experience goods : an experimental study

Huck, Steffen; Lünser, Gabriele K.; Tyran, Jean-Robert - 2015 - September 2013, revised March 2015

We experimentally examine the effects of price competition in markets for expe-rience goods where sellers can build up reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed (somewhere between the endogenous oligopoly and...

Persistent link: https://www.econbiz.de/10010498486

It's a Matter of Confidence : Institutions, Government Stability and Economic Outcomes

Bettarelli, Luca - 2015

The effect of constitutional structures (such as the effect of a presidential vs. a parliamentary system) over policy outcomes has been widely studied in the economic literature. In this paper, we investigate whether stable parliamentary systems and unstable parliamentary systems behave...

Persistent link: https://www.econbiz.de/10013015489

Financing and Advising with (Over)Confident Entrepreneurs : An Experimental Investigation

Vilanova, Laurent - 2015

We test in the laboratory how entrepreneurs' skill perceptions influence the design of financing and advising contracts. Our theoretical framework proposes that self-confident entrepreneurs prefer issuing debt whereas low self-confident ones prefer equity which induces strong investor...

Persistent link: https://www.econbiz.de/10013022306

Price competition and reputation in markets for experience goods : an experimental study

Huck, Steffen; Lünser, Gabriele K.; Tyran, Jean-Robert - 2013

We experimentally examine the effects of price competition in markets for experience goods where sellers can build up reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed (somewhere between the endogenous oligopoly and...

Persistent link: https://www.econbiz.de/10010188722