Showing 1 - 10 of 84
Persistent link: https://www.econbiz.de/10001566247
Persistent link: https://www.econbiz.de/10003571981
Persistent link: https://www.econbiz.de/10003269891
Persistent link: https://www.econbiz.de/10003852714
Persistent link: https://www.econbiz.de/10001665351
Persistent link: https://www.econbiz.de/10010511359
Persistent link: https://www.econbiz.de/10011985675
We experimentally study behavior in an endogenous-timing herding game. We find that subjects respond to their type and to observed investment activity in a sensible way, but there are also substantial departures from Nash Equilibrium. Some departures can be viewed as mere noise in decision...
Persistent link: https://www.econbiz.de/10010636219
This paper reports the results of experiments designed to test whether and to what extent individuals succumb to the conjunction fallacy. Using the Kahneman and Tversky (1983) experimental design, we find that given mild incentives, the proportion of individuals who violate the conjunction...
Persistent link: https://www.econbiz.de/10014216837
Substantial evidence in field, lab and thought experiments in multiple disciplines, shows that decision makers often choose a dominated strategy, which contradicts with current economic theory. To bridge this gap between theory and evidence, first, we propose two alternative axiomatic...
Persistent link: https://www.econbiz.de/10012902209