Car Mechanics in the Lab - Investigating the Behavior of Real Experts on Experimental Markets for Credence Goods

We compare the behavior of car mechanics and college students as sellers in experimental credence goods markets. Finding largely similar behavior, we note much more overtreatment by car mechanics, probably due to decision heuristics they learned in their professional training.

MoreLess

Year of publication:	2009-12
Authors:	Beck, Adrian ; Kerschbamer, Rudolf ; Qiu, Jianying ; Sutter, Matthias
Institutions:	Institut für Finanzwissenschaft, Fakultät für Volkswirtschaft und Statistik
Subject:	Artefactual field experiment \| Car mechanics \| Credence goods

More details

Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	1 pages long
Classification:	C91 - Laboratory, Individual Behavior ; D82 - Asymmetric and Private Information ; C72 - Noncooperative Games
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008474086