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Decision-making strategies and performance among seniors

Besedeš, Tibor; Deck, Cary; Sarangi, Sudipta; Shor, Mikhael - In: Journal of Economic Behavior & Organization 81 (2012) 2, pp. 524-533

Using paper and pencil experiments administered in senior centers, we examine decision-making performance in multi …

Persistent link: https://www.econbiz.de/10011048188

Salience as an emergent property

Alberti, Federica; Sugden, Robert; Tsutsui, Kei - In: Journal of Economic Behavior & Organization 82 (2012) 2, pp. 379-394

We offer an evolutionary model of the emergence of concepts of salience through similarity-based learning. When an individual faces a new decision problem, she chooses an action that she perceives as similar to actions that, when chosen in similar previous problems, led to favourable outcomes....

Persistent link: https://www.econbiz.de/10010573051

Reinterpreting King Solomon's problem: Malice and mechanism design

Guha, Brishti - In: Journal of Economic Behavior & Organization 98 (2014) C, pp. 125-132

I argue for an alternative interpretation of King Solomon's problem in terms of one of the two claimants being “malicious”. A “malicious” claimant places no intrinsic value on the object but derives utility from depriving the rival claimant. This new interpretation permits a simpler...

Persistent link: https://www.econbiz.de/10011048205

Who will monitor the monitors? Informal law enforcement and collusion at Champagne

Guha, Brishti - In: Journal of Economic Behavior & Organization 83 (2012) 2, pp. 261-277

Informal monitors can sometimes substitute for formal law enforcement. Monitors hired to minimize cheating, however, are themselves vulnerable to collusion and extortion. I focus on one such informal monitor – the fair authorities at the trade fairs at Champagne – asking why the fairs...

Persistent link: https://www.econbiz.de/10011048226

Studying deception without deceiving participants: An experiment of deception experiments

Alberti, Federica; Güth, Werner - In: Journal of Economic Behavior & Organization 93 (2013) C, pp. 196-204

Like avoiding labor protection laws via foreign subcontractors, banning deception in economic experiments does not … exclude experiments with participants in the role of experimenters who, similar to properly incentivized subcontractors, can … ‘experimenter-participants’ in a dictator experiment and test whether participants in the role of experimenters engage in deception …

Persistent link: https://www.econbiz.de/10011048110

Price increasing competition? Experimental evidence

Deck, Cary; Gu, Jingping - In: Journal of Economic Behavior & Organization 84 (2012) 3, pp. 730-740

distribution of buyer values for the products. We explore this relationship using controlled laboratory experiments. Our results …

Persistent link: https://www.econbiz.de/10010594620