Showing 1 - 10 of 2,870
Many committees - juries, political task forces, etc. - spend time gathering costly information before reaching a decision. We report results from lab experiments focused on such information-collection processes. We consider decisions governed by individuals and groups and compare how voting...
Persistent link: https://www.econbiz.de/10012697146
We experimentally study overbidding in contests and find that overbidding is significantly higher when subjects are given a large per-experiment endowment rather than when the endowment is given per-period. Risk-aversion and non-monetary utility of winning can partially explain our findings
Persistent link: https://www.econbiz.de/10013130475
There is a substantial literature examining coordination in public goods games. We conducted an experiment to explore how varying patterns of thresholds affect the willingness of subjects to contribute to a public good. We had subjects play a multiperiod game where each subject was allocated an...
Persistent link: https://www.econbiz.de/10010298586
to test rational inattention models without making any assumptions on the cost of attention function. Furthermore, the … new framework allows us to identify and test the properties of the attention cost function …
Persistent link: https://www.econbiz.de/10012865896
We report on experiments to replicate Plott and Zeiler's (2005) findings that the WTP-WTA gap disappears when using procedures that are aimed at reducing misunderstandings, such as training rounds for the BDM mechanism. Following the design by Plott and Zeiler (2005) and Isoni, Loomes, and...
Persistent link: https://www.econbiz.de/10010494919
to the opportunity cost of acquiring information about the posted price. We test our model in a laboratory experiment in …
Persistent link: https://www.econbiz.de/10011599360
We show in a public goods experiment on three continents that conditional cooperation is a universal behavioral regularity. Yet, the number of conditional cooperators and the extent of conditional cooperation are much higher in the U.S.A. than anywhere else.
Persistent link: https://www.econbiz.de/10010293430
We show in a public goods experiment on three continents that conditional cooperation is a universal behavioral regularity. Yet, the number of conditional cooperators and the extent of conditional cooperation are much higher in the U.S.A. than anywhere else. -- conditional cooperation ; public...
Persistent link: https://www.econbiz.de/10009729297
Persistent link: https://www.econbiz.de/10003465123
Similar to Fischbacher and Gächter (2010) we try to understand and explain the motivation of participants when contributing to a public good. In the Hybrid Public Good experiment each of two interacting contributors chooses an independent contribution level and three adjusted contribution...
Persistent link: https://www.econbiz.de/10013022017