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Behavioral forces driving information unraveling

Benndorf, Volker; Kübler, Dorothea; Normann, Hans-Theo - 2022

Information unraveling is an elegant theoretical argument suggesting that private information may be fully and voluntarily surrendered. The experimental literature has, however, failed to provide evidence of complete unraveling and has suggested senders' limited depth of reasoning as one...

Persistent link: https://www.econbiz.de/10014476661

Cognitive ability and perceived disagreement in learning

Evdokimov, Piotr; Garfagnini, Umberto - 2023

disagreement regardless of cognitive ability. Learning about the state of the world has little effect on the evolution of perceived …

Persistent link: https://www.econbiz.de/10014477417

More frequent commitments promote cooperation, ratcheting does not

Gallier, Carlo; Ockenfels, Axel; Sturm, Bodo - 2024

International climate negotiations have so far failed to produce ambitious climate cooperation. We combine laboratory experiments with simulations to investigate the performance of two negotiation design features to address this failure: The Paris Agreement's ratchet-up mechanism, which requires...

Persistent link: https://www.econbiz.de/10015271325

Bargaining and time preferences : an experimental study

Kim, Jeongbin; Lim, Wooyoung; Schweighofer-Kodritsch, … - 2020

We generalize the Rubinstein (1982) bargaining model by disentangling payoff delay from bargaining delay. We show that our extension is isomorphic to generalized discounting with dynamic consistency and characterize the unique equilibrium. Using a novel experimental design to control for various...

Persistent link: https://www.econbiz.de/10012266524

Patience is power : bargaining and payoff delay

Kim, Jeongbin; Lim, Wooyoung; Schweighofer-Kodritsch, … - 2023

We provide causal evidence that patience is a significant source of bargaining power. Generalizing the Rubinstein (1982) bargaining model to arbitrarily non-stationary discounting, we first show that dynamic consistency across bargaining rounds is sufficient for a unique equilibrium, which we...

Persistent link: https://www.econbiz.de/10014279476

Cross-game learning and cognitive ability in auctions

Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2022

ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account …-game learning for cognitively less able participants but does not affect overbidding for the cognitively more able. Vice versa …, 'cross-game learning' may rather be understood as 'cross-game transfer', as it has the potential to benefit bidders with …

Persistent link: https://www.econbiz.de/10014476711

Take-up of joint and individual liability loans: an analysis with laboratory experiments

Baulia, Susmita - 2017

This paper reports a study on decision-making by borrowers regarding take-up of different loan types in a laboratory microfinance experiment setting. I hypothesize that when borrowers are offered a flexible choice of different loan types (here, individual liability (IL) and joint liability...

Persistent link: https://www.econbiz.de/10012503070

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

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

A rationale for unanimity in committees

Breitmoser, Yves; Valasek, Justin - 2017

Existing theoretical and experimental studies have established that unanimity is a poor decision rule for promoting information aggregation. Despite this, unanimity is frequently used in committees making decisions on behalf of society. This paper shows that when committee members are exposed to...

Persistent link: https://www.econbiz.de/10011696383