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Many committees - juries, political task forces, etc. - spend time gathering costly information before reaching a decision. We report results from lab experiments focused on such information-collection processes. We consider decisions governed by individuals and groups and compare how voting...
Persistent link: https://www.econbiz.de/10012697146
In an information cascade experiment participants are confronted with artificial predecessors predicting in line with …
Persistent link: https://www.econbiz.de/10010343945
experiment in a large retail chain. In a 2 × 2 factorial design, we vary: (i) whether store managers obtain access to decision …
Persistent link: https://www.econbiz.de/10013238644
We consider a bandit problem faced by a team of two heterogeneous players. The team is hierarchical in that one (the principal) retains the exclusive right to terminate the project while the other (the agent) focuses strictly on implementing the project assigned to him. As a key departure, we...
Persistent link: https://www.econbiz.de/10011343543
financial decision? A laboratory experiment investigates the way external information is integrated into the decision making …
Persistent link: https://www.econbiz.de/10011514485
this paper, we study the impact of providing personalized information on health plan choices in a laboratory experiment. We …
Persistent link: https://www.econbiz.de/10011857122
We investigate the effect of a donation incentive tied to contributions to a public good when group members can decide on the size of the donation to be made. An up to 20 % donation of the public good was implemented either exogenously or endogenously by group members. In the Vote treatment,...
Persistent link: https://www.econbiz.de/10012494092
? We design a laboratory experiment studying the dynamic pattern of job applications and individuals' belief updating …
Persistent link: https://www.econbiz.de/10014125658
I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity …
Persistent link: https://www.econbiz.de/10010364762
order to disentangle different choice dynamics, they devise a laboratory experiment with a novel experimental task in which … they model the choice of different alternatives through high or low cognitive costs and feedback information provided to …
Persistent link: https://www.econbiz.de/10010425055