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dynamics considerably differ between gain and loss domains. For gains, learning to be comparably ambiguity averse increases the …
Persistent link: https://www.econbiz.de/10010364762
We report an experiment on a decision task by SAMUELSON and BAZERMAN (1985). Subjects submit a bid for an item with an … unknown value. A winner s curse phenomenon arises when subjects bid too high and make losses. Learning direction theory can … quantitative predictions on the basis of learning direction theory. We also look at monotonic ladder processes. It is shown that …
Persistent link: https://www.econbiz.de/10011539130
works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …
Persistent link: https://www.econbiz.de/10011283474
The current study examines individual decision making in the field of personal finance. A laboratory experiment …Dieses Papier untersucht individuelles Entscheidungsverhalten im Bereich Finanzen. Ein Experiment beleuchtet auf welche …
Persistent link: https://www.econbiz.de/10011566799
In this paper we are studying a multiple player two-armed bandit model with two risky arms in discrete time. Players have to find the superior arm and can learn from others' history of choices and successes. In equilibrium, there is no con?ict between individual and social rationality. If agents...
Persistent link: https://www.econbiz.de/10010274056
works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …
Persistent link: https://www.econbiz.de/10010324683
? We design a laboratory experiment studying the dynamic pattern of job applications and individuals' belief updating …'. Estimation results from a reinforcement learning model show that, compared to decision-making for others, subjects tend to have a …
Persistent link: https://www.econbiz.de/10014125658
into adopting common ways to present their offers and thus make choice easier. We design an original experiment to check …
Persistent link: https://www.econbiz.de/10013036468
investigates this issue using an experiment with asset buying tasks and belief elicitation. We document the double … pessimism on unowned assets. In calibrations, reinforcement learning significantly added predictive power to expected utility …
Persistent link: https://www.econbiz.de/10012983676
We experimentally investigate (i) whether markets accurately assess the ability of decision makers when these decision makers benefit from positive assessments and (ii) how decision makers use a costly decision and cheap-talk statements to impress markets. We focus on committees of decision...
Persistent link: https://www.econbiz.de/10012898262