Showing 1 - 10 of 160
-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …
Persistent link: https://www.econbiz.de/10010397879
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
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
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
reduce free riding. In this paper we report an attempt to reproduce the findings of Mas and Moretti in a lab experiment. Lab … productivity of colleagues whom they observe. Although the subjects in our experiment are aware of the productivity of others and …
Persistent link: https://www.econbiz.de/10010352470
relatively complex environments. In this experiment we test whether subjects are more likely to use imitation if they are under …
Persistent link: https://www.econbiz.de/10010443385
) 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
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
gap. We test this prediction using a laboratory experiment that varies whether the decision to compete, and its outcome …
Persistent link: https://www.econbiz.de/10011672157
We explore a variety of risk preference elicitation procedures that involve direct choice from a set of lotteries …. The estimated coefficient of relative risk aversion, gamma, varies widely across individual subjects (consistent with EUH … of risk preferences displays similar patterns. The two risk preference measures are highly correlated with each other for …
Persistent link: https://www.econbiz.de/10011797106