effect. Relying on a simple experiment, we investigate which failure of these axioms is concomitant with the empirical …

more impatient decision maker may experiment more, given lump-sum final payoffs. We show that (a) and (b) are robust to … decisions at each instant: stop or experiment, and then at what level n. The second choice equates the marginal costs and …

more impatient decision maker may experiment more, given lump-sum final payoffs. We show that (a) and (b) are robust to … decisions at each instant: stop or experiment, and then at what level n. The second choice equates the marginal costs and …

. We check our theoretical predictions through a 10-task laboratory experiment. In (unambiguous) tasks 1-5, we elicit risk …

We report an experiment that infers true overconfidence in relative ability through actions, as opposed to reported …

the acquisition of more information. We design a laboratory experiment to study whether human behaviour is able to …

received a cash endowment two weeks after the experiment day and had to use their own money to pay the experimental loss (if … any) on the experiment day. We compared the effect of delayed payment on overbidding in the induced value SPAs with the … conventional “on-the-spot” payment mechanism when the subjects received an endowment on the experiment day, and the prepaid …

experiment exploits the potential of the increasingly popular BDM elicitation procedure adopted to lotteries to distort beliefs …