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The curse of knowledge increases self-selection into competition: Experimental evidence
Danz, David - 2014
-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …
Persistent link: https://www.econbiz.de/10010397879
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Negotiation under the curse of knowledge
Pierrot, Thibaud - 2019
negotiation situations. We report the results of a laboratory experiment that was designed to isolate the effect of the curse of …
Persistent link: https://www.econbiz.de/10012141849
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Aggregation and convergence in experimental general equilibrium economies constructed from naturally occurring preferences
Crockett, Sean; Friedman, Daniel; Oprea, Ryan - 2017
Prior laboratory experiments have studied general equilibrium economies constructed from "induced preferences" for artificial goods. We introduce new methods that allow us to study economies constructed instead from subjects' actual, "homegrown" preferences. Our subjects reveal their preferences...
Persistent link: https://www.econbiz.de/10011763083
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Everyday econometricians: Selection neglect and overoptimism when learning from others
Barron, Kai; Huck, Steffen; Jehiel, Philippe - 2019
In this paper, we design an investment game which allows us to study the influence of selection when learning from … others. Using the theoretical study of selection neglect in Jehiel (2018) as a guide, we test (i) for the presence of … selection neglect in this investment context, and (ii) some comparative static predictions of the model. We find strong evidence …
Persistent link: https://www.econbiz.de/10011984926
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Eliciting risk preferences: Text vs. graphical multiple price lists
Habib, Sameh; Friedman, Daniel; Crockett, Sean; James, … - 2015
) multiple price list. Parametric and non-parametric measures of risk preferences are found to shift towards risk neutrality for …
Persistent link: https://www.econbiz.de/10011390744
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Nudging cooperation
Barron, Kai; Nurminen, Tuomas - 2018
This paper experimentally studies two simple interventions aimed at increasing public goods provision in settings in which accurate feedback about contributions is not available. The first intervention aims to exploit lying aversion by requiring subjects to send a non-verifiable ex post...
Persistent link: https://www.econbiz.de/10011984927
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Games played through agents in the laboratory: A test of Prat & Rustichini's model
Ensthaler, Ludwig; Huck, Steffen; Leutgeb, Johannes - 2019
, they predict the equilibrium outcome in pure strategies to be efficient. We test the theory in a series of experimental … accounts for the deviations and test its predictions out of sample. Our results show that quantal response equilibrium is …
Persistent link: https://www.econbiz.de/10012102285
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What point of a distribution summarises point predictions?
Kröger, Sabine; Pierrot, Thibaud - 2019
of an iid random variable. We set up a laboratory experiment where the participants act as forecasters predicting the … their central tendencies. As is standard in survey measures, the subjects in our experiment must report their best guess of … the experiment are based on a percentile while almost 60% are based on a numerical value. …
Persistent link: https://www.econbiz.de/10012119505
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Comparison of different question formats eliciting point predictions
Kröger, Sabine; Pierrot, Thibaud - 2019
laboratory experiment in which the participants act as forecasters and are asked to predict the next realisation of iid random …
Persistent link: https://www.econbiz.de/10012119506
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Willpower depletion and framing effects
de Haan, Thomas; van Veldhuizen, Roel - 2013
depletion should increase framing effects. To test this we designed two experiments in which we depleted participants' willpower …
Persistent link: https://www.econbiz.de/10010321489