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Preference communication and leadership in group decision-making

Ertac, Seda; Gurdal, Mehmet Y. - 2013 - First Version: July 2012, This Version: October 2013

We report results from a laboratory experiment that explores the effects of preference communication and leader selection mechanisms in group decision-making. In a setting where all members of a group get the same payoff based on the group leader's decision of how much risk to take, we study the...

Persistent link: https://www.econbiz.de/10010222348

Motivating Informed Decisions

Zambrano, Andres - 2015

acquire costly unobservable information about it before taking the decision. The problem has features of moral hazard and … hidden information since the acquisition of information and its content are unobservable to the principal. The optimal …

Persistent link: https://www.econbiz.de/10013027640

Eliciting Ambiguous Beliefs Under Alpha-Maxmin Preference

Bose, Subir - 2017

We study the problem of elicitation of subjective beliefs of an agent when the beliefs are ambiguous (the set of beliefs is a non-singleton set) and the agent's preference exhibits ambiguity aversion; in particular, as represented by alpha-maxmin preferences. We construct a direct revelation...

Persistent link: https://www.econbiz.de/10012969749

Doping in Teams : A Simple Decision Theoretic Model

Dilger, Alexander - 2017

A simple decision theoretic model shows the doping incentives for a member of a professional sports team. Depending on the detection probability and the punishment, a sportsman dopes not at all, at a medium or at the maximal level. The whole team has a higher incentive than an individual team...

Persistent link: https://www.econbiz.de/10012947829

Posterior Renegotiation-Proofness in a Two-Person Decision Problem

Kawakami, Kei - 2015

When two agents with private information use a mechanism to determine an outcome, what happens when they are free to … outcome in one mechanism while they play another mechanism and learn new information. A decision rule is posterior …

Persistent link: https://www.econbiz.de/10013037651

Subjective expected utility in games

Di Tillio, Alfredo - In: Theoretical economics : TE ; an open access journal in … 3 (2008) 3, pp. 287-323

This paper extends Savage's subjective approach to probability and utility from decision problems under exogenous uncertainty to choice in strategic environments. Interactive uncertainty is modeled both explicitly, using hierarchies of preference relations, the analogue of beliefs hierarchies,...

Persistent link: https://www.econbiz.de/10011700273

Being Watched in an Investment Game Setting : Behavioral Changes when Making Risky Decisions

Jia, Z. Tingting - 2020

We design a laboratory experiment to test for behavioral differences due to observation within a novel arena: investment games. We find that fund managers are more risk-averse when investors can observe their investment allocations. This effect is more pronounced when investors, in addition to...

Persistent link: https://www.econbiz.de/10012849467

Decision Making with Rational Inattention

Mihm, Maximilian; Ozbek, Kemal - 2012

Attention scarcity is a limitation on the ability to incorporate information into actions with state … uses information from the joint distribution to make better ex-post choices from menus, and attention scarcity is reflected … in a subjective cost of information. Our focus on ex-ante preferences allows us to identify anticipated attention …

Persistent link: https://www.econbiz.de/10014167342

When to apply?

Coffman, Katherine B.; Collis, Manuela; Kulkarni, Leena - 2020

Persistent link: https://www.econbiz.de/10012175315

Experimental persuasion

Ball, Ian; Espín-Sánchez, José-Antonio - 2021

We introduce experimental persuasion between Sender and Receiver. Sender chooses an experiment to perform from a feasible set of experiments. Receiver observes the realization of this experiment and chooses an action. We characterize optimal persuasion in this baseline regime and in an...

Persistent link: https://www.econbiz.de/10012618374