We report an experiment on a decision task by SAMUELSON and BAZERMAN (1985). Subjects submit a bid for an item with an … unknown value. A winner s curse phenomenon arises when subjects bid too high and make losses. Learning direction theory can … account for this. However, other influences on behaviour can also be identified. We introduce impulse balance theory to make …

The paper presents a classroom experiment designed to improve undergraduate students' understanding of how banks create …

environmental problems. Yet the meaning of “experiment” varies markedly across these domains. We survey the diversity of … philosophy, we argue that each of these logics has different strengths and weaknesses, but taken together they offer a valuable …

We present and conduct a novel experiment on a dynamic beauty contest game motivated by the canonical New … experiment deviate more from the rational expectations equilibrium prices under strategic complementarity than under strategic …