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Rationally inattentive consumer : an experiment
Civelli, Andrea; Deck, Cary A.; LeBlanc, Justin D.; … - 2018
cognitive effort required to process the information. We find that subjects’ behavior is largely in line with the predictions …
Persistent link: https://www.econbiz.de/10012030042
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Litigation with Negative Expected Value Suits : An Experimental Analysis
Deck, Cary A.; Pecorino, Paul; Solomon, Michael - 2022
The existence of lawsuits providing plaintiffs a negative expected value (NEV) at trial has important theoretical implications for signaling models of litigation. The signaling equilibrium possible absent NEV suits breaks down with NEV suits because plaintiffs do not have a credible threat to...
Persistent link: https://www.econbiz.de/10014243673
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Tug-of-War in the Laboratory
Deck, Cary A. - 2015
Tug-of-war is a multi-battle contest often used to describe extended interactions in economics, management, political science, and other disciplines. While there has been some theoretical work, there is scant empirical evidence regarding behavior in a tug-of-war game. To the best of our...
Persistent link: https://www.econbiz.de/10013015720
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Bargaining over an uncertain value : arbitration mechanisms compared
Deck, Cary A.; Farmer, Amy - In: The journal of law, economics, & organization 23 (2007) 3, pp. 547-579
Persistent link: https://www.econbiz.de/10003545545
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Information aggregation with heterogeneous traders
Deck, Cary A.; Jun, Tae In; Razzolini, Laura; Reid, Tavoy - 2022
Persistent link: https://www.econbiz.de/10013393412
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Behavioral Demand Effects When Buyers Anticipate Inventory Shortages
Foster, Joshua - 2019
Firms often worry about how buyers will react when there is an inventory shortage, but the anticipation of facing a shortage may also impact buyer behavior. In this paper we use a combination of theoretical modeling, computational methods, and laboratory experiments to understand buyers' search...
Persistent link: https://www.econbiz.de/10012904393
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Decision-Making Strategies and Performance Among Seniors
Besedes, Tibor - 2012
Using paper and pencil experiments administered in senior centers, we examine decision-making performance in multi-attribute decision problems. We differentiate the effects of declining cognitive performance and changing cognitive process on decision-making performance of seniors as they age. We...
Persistent link: https://www.econbiz.de/10013115277
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Information (Non)Aggregation in Markets with Costly Signal Acquisition
Corgnet, Brice - 2018
experiments. However, traders' acquisition cost of information has typically been ignored. Results from a laboratory experiment … involving six treatments varying the cost of acquiring signals of an asset's value suggest that when information is costly …, markets do not succeed in aggregating it. At an individual level, having information improves trading performance, but not …
Persistent link: https://www.econbiz.de/10012930038
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Keeping a clean reputation : more rvidence on the perverse effects of disclosure
Deck, Cary A.; Tracy, J. Dustin - 2020
Persistent link: https://www.econbiz.de/10012418228
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Information Aggregation with Heterogeneous Traders
Deck, Cary A.; Jun, Taein; Razzolini, Laura; Reid, Tavoy - 2023
The efficient market hypothesis predicts that asset prices reflect all available information. Recent experimental work … found the rational expectation model to outperform the prior information model in contingent claim markets when traders hold … claim markets to successfully aggregate information when traders hold highly differentiated asset values. These prior …
Persistent link: https://www.econbiz.de/10014358425