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We analyze the risk level chosen by agents that have private information regarding their quality. We show that even risk-neutral agents will choose risk strategically to enhance their reputation in the market, in a manner determined by the risk choices of other agents. Our model employs the...
Persistent link: https://www.econbiz.de/10014031842
We design an experiment to study how reversible entry decisions are affected by public and private payoff disclosure …
Persistent link: https://www.econbiz.de/10013211962
revealing the subject's privately held information. In an experiment, we apply the mechanisms to reveal beliefs about …
Persistent link: https://www.econbiz.de/10012103387
outcomes in a plausible manner. These two opposite effects are similar in magnitude, on average, but show an interesting gender …
Persistent link: https://www.econbiz.de/10012823296
Firms and statistical agencies that publish aggregate data face practical and legal requirements to protect the privacy of individuals. Increasingly, these organizations meet these standards by using publication mechanisms which satisfy differential privacy. We consider the problem of choosing...
Persistent link: https://www.econbiz.de/10013236751
outcomes in a plausible manner. These two opposite effects are similar in magnitude, on average, but show an interesting gender …
Persistent link: https://www.econbiz.de/10012290698
Using an experiment, we test whether men acquire information about investments differently than women. When information …
Persistent link: https://www.econbiz.de/10012925041
Our market experiment investigates the extent to which traders learn from the price, differentiating between situations … that is roughly consistent with the benchmark theory. …
Persistent link: https://www.econbiz.de/10011280005
We report results from a laboratory experiment that explores the effects of preference communication and leader …
Persistent link: https://www.econbiz.de/10010222348
Entry decisions in market entry games usually depend on the belief about how many others are entering the market, the belief about the own rank in a real effort task, and subjects' risk preferences. In this paper I am able to replicate these basic results and examine two further dimensions: (i)...
Persistent link: https://www.econbiz.de/10009774194