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Our study compares individual and team bidding in standard auction formats: first-price, second-price and ascending …
Persistent link: https://www.econbiz.de/10012500699
degree of complexity by offering various levels of decision support. Our results show that the equivalence of the two auction …
Persistent link: https://www.econbiz.de/10011753992
Persistent link: https://www.econbiz.de/10014302348
degree of complexity by offering various levels of decision support. Our results show that the equivalence of the two auction …
Persistent link: https://www.econbiz.de/10012942546
Persistent link: https://www.econbiz.de/10012121587
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
We conduct multi-person one-shot ultimatum games that reflect important aspects of collective bargaining. In all treatments a proposer has to divide a pie among herself and two groups of three recipients each. She cannot discriminate within, but across groups. A committee with representatives...
Persistent link: https://www.econbiz.de/10011387570
We designed four observational learning experiments to identify the key channels that, along with Bayes … actions, but they overweight their low quality signals relative to public information. Experiments 2-4 reveal that non …) overemphasis on low (resp. medium) quality signals is caused by wrong expectations about others' strategy. A model of intuitive …
Persistent link: https://www.econbiz.de/10011789104
decision. We report results from lab experiments focused on such information-collection processes. We consider decisions …
Persistent link: https://www.econbiz.de/10012697146
We study first- and second-order subjective expectations (beliefs) in strategic decision making. We propose a method to …
Persistent link: https://www.econbiz.de/10014171504