Showing 1 - 10 of 104
information at the principal's advantage, we test experimentally the principal's willingness to bias (overestimate or under …) principals do bias information, ii) agents trust the cheap-talk messages they receive and adjust their effort accordingly …
Persistent link: https://www.econbiz.de/10008790485
Eliciting sincere preferences for non-market goods remains a challenge due to hypothetical bias - the so-called gap …
Persistent link: https://www.econbiz.de/10010738521
This paper considers whether earned wealth affects bidding behavior in an induced-value second-price auction. We find people bid more sincerely in the auction with earned wealth given monetary incentives; earned wealth did not induce sincere bidding in hypothetical auctions.
Persistent link: https://www.econbiz.de/10010738571
Eliciting sincere preferences for non-market goods remain a challenge due to the discrepency between hypothetical and real behavior and false zeros. The gap arises because people either overstate hypothetical values or understate real commitments or a combination of both. Herein we examine...
Persistent link: https://www.econbiz.de/10010775922
Eliciting sincere preferences for non-market goods remain a challenge due to the discrepency between hypothetical and real behavior and false zeros. The gap arises because people either overstate hypothetical values or understate real commitments or a combination of both. Herein we examine...
Persistent link: https://www.econbiz.de/10010899978
Hypothetical bias is a long-standing issue in stated preference and contingent valuation studies - people tend to … hypothetical bias in demand elicitation exercises for both IV and HG values. For testbed purpose, we use a classic second …-price auction to elicit preferences. Comparing the demand curve we elicit in both, hypothetical bias unambiguously (i) vanishes in …
Persistent link: https://www.econbiz.de/10011025890
Eliciting sincere preferences for non-market goods remain a challenge due to the discrepency between hypothetical and real behavior and false zeros. The gap arises because people either overstate hypothetical values or understate real commitments or a combination of both. Herein we examine...
Persistent link: https://www.econbiz.de/10011026059
Hypothetical bias is a long-standing issue in stated preference and contingent valuation studies – people generally … hypothetical bias in demand elicitation exercises for both IV and HG values. For testbed purpose, we use a classic second …-price auction to elicit preferences. Comparing the demand curve we elicit in both, hypothetical bias unambiguously (i) vanishes in …
Persistent link: https://www.econbiz.de/10010750981
Herein we explore whether a solemn oath can eliminate hypothetical bias in a voting referenda, a design commonly … a hypothetical bias does not exist. Second, we cannot reject the hypothesis that people who sign an oath are as likely …
Persistent link: https://www.econbiz.de/10010751019
Recent work in experimental economics has explored whether observed behavior depends on whether wealth was windfall or earned. This paper extends this work by considering whether earned wealth ffects bidding behavior in an induced-value second-price auction. We find people bid more sincerely in...
Persistent link: https://www.econbiz.de/10009643764