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I study experimental markets in which sellers interact with buyers who have biased beliefs about the characteristics of the product that is being sold. I examine whether such buyers can be exploited by sellers through the use of specifically designed pricing structures, as suggested by recent...
Persistent link: https://www.econbiz.de/10012985334
Why are people so often overconfident? We conduct an experiment to test the hypothesis that people become overconfident …
Persistent link: https://www.econbiz.de/10011626574
We investigate how different forms of scrutiny affect dishonesty, using Gneezy's (2005) deception game. We add a third … player whose interests are aligned with those of the sender. We find that lying behavior is not sensitive to revealing the … sender's lies to the receiver also do not affect lying behavior. Even more striking, senders whose identity is revealed to …
Persistent link: https://www.econbiz.de/10010436165
increasing as the bad outcome becomes less likely, and hence the greater the loss that can be avoided by lying. We demonstrate … robust support for this role of loss aversion on lying by reanalyzing the results from the extant literature covering 74 … studies and 363 treatments, and from two new experiments that vary the outcome probabilities and examine lying for personal …
Persistent link: https://www.econbiz.de/10011594148
Time is a crucial determinant of deception, since some misreporting opportunities come as a surprise and require an … experiment of self-serving deceptive behavior which combines two exogenously varied levels of reflection time with a cognition … process about the deception opportunity. We find that time pressure leads to more honesty compared to sufficient contemplation …
Persistent link: https://www.econbiz.de/10011723505
In an experimental setting, we applied a dual strategy to better understand the effect of pictures of eyes on human behavior. First, we investigated whether the effect of eyes was limited to interaction tasks in which the subjects' decisions influenced the outcomes of other subjects. We expanded...
Persistent link: https://www.econbiz.de/10013088203
This paper studies the stability of socially responsible behavior in markets. We develop a laboratory product market in which low-cost production creates a negative externality for third parties, but where alternative production with higher costs entirely mitigates the externality. Our data...
Persistent link: https://www.econbiz.de/10013071559
This paper studies the stability of socially responsible behavior in markets. We develop a laboratory product market in which low-cost production creates a negative externality for third parties, but where alternative production with higher costs entirely mitigates the externality. Our data...
Persistent link: https://www.econbiz.de/10013072095
This paper studies the stability of socially responsible behavior in markets. We develop a laboratory product market in which low-cost production creates a negative externality for third parties, but where alternative production with higher costs entirely mitigates the externality. Our data...
Persistent link: https://www.econbiz.de/10010208489
This paper studies the stability of socially responsible behavior in markets. We develop a laboratory product market in which low-cost production creates a negative externality for third parties, but where alternative production with higher costs entirely mitigates the externality. Our data...
Persistent link: https://www.econbiz.de/10010212675