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Are the Unskilled Really That Unaware? Understanding Seemingly Biased Self-Assessments
Krajc, Marian - Center for Economic Research and Graduate Education and … - 2008
The so-called unskilled-and-unaware problem was experimentally identified a decade ago: The unskilled are seemingly afflicted by a double curse because they also seem unaware of their (relative) lack of skills. Numerous authors have elaborated on this problem – experimentally as well as...
Persistent link: https://www.econbiz.de/10005357525
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Information Gatekeepers: Theory and Experimental Evidence
Brocas, Isabelle; Carrillo, Juan D; Palfrey, Thomas R - C.E.P.R. Discussion Papers - 2009
is little evidence of learning over the 40 matches of the experiment. …
Persistent link: https://www.econbiz.de/10008528540
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The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment
Schunk, Daniel; Winter, Joachim - Volkswirtschaftliche Fakultät, … - 2007
Experimental studies of search behavior suggest that individuals stop searching earlier than predicted by the optimal … processing capacities and satisfycing. To discriminate among these two possibilities, we conduct an experiment that consists of a … standard search task as well as a lottery task designed to elicit utility functions. We find that search heuristics are not …
Persistent link: https://www.econbiz.de/10005187339
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Bargaining or Searching for a Better Price? - An Experimental Study
Feri, Francesco; Gantner, Anita - Institut für Finanzwissenschaft, Fakultät für … - 2010
option to buy via search or return to bargaining. Here many buyers choose a bargaining agreement when a search outcome is … predicted. For those who opt out, search outcomes are overall efficient and behavior is relatively close to the optimal search …
Persistent link: https://www.econbiz.de/10008671920
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Biodiversity Prospecting over Time and under Uncertainty: A Theory of Sorts
Batabyal, Amitrajeet A.; Nijkamp, Peter - Tinbergen Instituut - 2013
decide whether to search for a new wild organism with a certain quality or to produce the drug in question with an extant …
Persistent link: https://www.econbiz.de/10011256729
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Attributes
Klabjan, Diego; Olszewski, Wojciech; Wolinsky, Asher - In: Games and Economic Behavior 88 (2014) C, pp. 190-206
A decision maker (DM) considers the acquisition of a multi-attribute object with uncertain qualities which can be discovered at a cost. DM's problem is to decide how much to invest in the discovery and whether to adopt or discard based on partial information. We characterize the solution in some...
Persistent link: https://www.econbiz.de/10011117130
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Biodiversity Prospecting Over Time and Under Uncertainty: A Theory of Sorts
Batabyal, Amit; Nijkamp, Peter - European Regional Science Association - 2014
decide whether to search for a new wild organism with a certain quality or to produce the drug in question with an extant …
Persistent link: https://www.econbiz.de/10011076046
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Optimal Earnings-Related Unemployment Benefits
Taslimi, Mohammad - Nationalekonomiska Institutionen, Uppsala Universitet - 2003
decrease as the level of earnings rises. The framework is a search equilibrium model where wages are determined by Nash … bargaining between firms and workers, job search intensity is endogenous and workers are heterogeneous. The analysis suggests …
Persistent link: https://www.econbiz.de/10005771037
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A theory of discrete choice with information costs
Cheremukhin, Anton; Popova, Anna; Tutino, Antonella - In: Journal of Economic Behavior & Organization 113 (2015) C, pp. 34-50
We present a theory of discrete choice with information costs that supports deliberate stochastic choice. We use a unique experimental dataset to distinguish between errors arising from limitations on a decision maker's cognitive abilities and conscious disregard of information. Experimental...
Persistent link: https://www.econbiz.de/10011263911
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Reconsidering the common ratio effect: The roles of compound independence, reduction, and coalescing
Schmidt, Ulrich; Seidl, Christian - Institut für Weltwirtschaft (IfW) - 2014
effect. Relying on a simple experiment, we investigate which failure of these axioms is concomitant with the empirical …
Persistent link: https://www.econbiz.de/10010886877