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The curse of knowledge increases self-selection into competition : experimental evidence

Danz, David - 2014 - Rev.

overconfidence and overentry into competition. In a broader context, the results provide an explanation for the overconfidence of …

Persistent link: https://www.econbiz.de/10010403249

Negotiation under the curse of knowledge

Pierrot, Thibaud - 2019 - Revised November 2019

An individual is affected by the curse of knowledge when he fails to appreciate the viewpoint of a lesser-informed agent. In contrast to a rational person, the cursed individual behaves as if part of his private information were common knowledge. This systematic cognitive bias alters many...

Persistent link: https://www.econbiz.de/10012129125

Negotiation under the curse of knowledge

Pierrot, Thibaud - 2019

Persistent link: https://www.econbiz.de/10012104838

Behind the Veil of Ambiguity : Decision-Making under Social and Non-Social Sources of Uncertainty

Lauharatanahirun, Nina; Aimone, Jason Anthony; Gately, … - 2021

Research has long documented how different forms of uncertainty, namely risk and ambiguity, influence decision making … uncertainty of potential outcomes. Some decisions may be social in nature where the uncertainty is generated by another person …, whereas other decisions may be non-social involving uncertainty that is generated by probabilistic mechanisms. While past …

Persistent link: https://www.econbiz.de/10013324395

Cognitive Abilities and Behavioral Biases

Oechssler, Jörg; Roider, Andreas; Schmitz, Patrick W. - 2009

fallacy, conservatism in updating probabil-ities, and overconfidence. Test scores are also significantly related to subjects …

Persistent link: https://www.econbiz.de/10011422177

Overcoming the Knowledge Problem in Behavioral Law and Economics : Uncertainty, Decision Theory, and Autonomy

Hacker, Philipp - 2017

risk and uncertainty have to enter the game. They can serve as analytic tools and generate positive solutions to the … uncertainty with the help of advanced empirical techniques. This prepares the ground for decision making under risk in an expected … decision making under uncertainty. In a decision theoretic maximin analysis, this paper demonstrates that in these cases of …

Persistent link: https://www.econbiz.de/10012971399

Cognitive Abilities and Behavioral Biases

Oechssler, Joerg; Roider, Andreas; Schmitz, Patrick W. - 2021

fallacy, conservatism in updating probabilities, and overconfidence. Test scores are also significantly related to subjects …

Persistent link: https://www.econbiz.de/10013324818

Illusion of control and the pursuit of authority

Sloof, Randolph; Siemens, Ferdinand von - 2014

In a laboratory experiment, we measure subjects' willingness to pay for a transparently useless decision right concerning the choice between two real effort tasks. We also elicit for each participant her change in beliefs about the likelihood of receiving her preferred task if she rather than...

Persistent link: https://www.econbiz.de/10010347041

Over-confidence and low-cost heuristics : an experimental investigation of choice behavior

Cicognani, Simona; Mittone, Luigi - 2014

This paper extends choice theory by allowing for the interaction between cognitive costs and imitative dynamics. The authors experimentally investigate the role of imitation when participants face a task which is costly in cognitive terms. In order to disentangle different choice dynamics, they...

Persistent link: https://www.econbiz.de/10010425055

Cognitive abilities and behavioral biases

Oechssler, Joerg (contributor); Roider, Andreas (contributor) - 2008

fallacy, conservatism in updating probabil-ities, and overconfidence. Test scores are also significantly related to subjects …

Persistent link: https://www.econbiz.de/10003747336