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Knowing me, imagining you: Projection and overbidding in auctions
Breitmoser, Yves - 2015
that it explains behavior across conditions and it is independently founded in psychology. I test projection equilibrium in …
Persistent link: https://www.econbiz.de/10011301756
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Signaling in Deterministic and Stochastic Settings
Normann, Hans-Theo; Jeitschko, Thomas - 2010
We contrast a standard deterministic signaling game with one where the signal-generating mechanism is stochastic. With stochastic signals a unique equilibrium emerges that involves separation and has intuitive comparative-static properties as the degree of signaling depends on the prior type...
Persistent link: https://www.econbiz.de/10010270214
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How do sellers benefit from Buy-It-Now prices in eBay auctions?
Ivanova-Stenzel, Radosveta; Grebe, Tim; Kröger, Sabine - 2019
information available on eBay about buyer experience and bidding behavior correlates with the observed price deviation. Sellers … respond strategically to this information. More experienced sellers ask for higher BIN-prices, whereas seller risk aversion …
Persistent link: https://www.econbiz.de/10012099168
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Designing Contests Between Heterogeneous Contestants: An Experimental Studie of Tie-Breaks and Bid-Caps in All-Pay Auctions
Llorente-Saguer, Aniol; Sheremeta, Roman; Szech, Nora - 2020
-caps and favorable tie-breaking rules can reduce discouragement and increase the designer's revenue. We test these predictions …
Persistent link: https://www.econbiz.de/10012287873
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The Impact of Fake Reviews on Reputation Systems and Efficiency
Krügel, Jan Philipp; Paetzel, Fabian - 2021
Online interactions are frequently governed by reputation systems that allow users to evaluate each other after an interaction. Effective reputation systems can increase trust and may improve efficiency in market settings. In recent years, however, fake reviews have become increasingly...
Persistent link: https://www.econbiz.de/10012623161
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The Demand for Punishment to Promote Cooperation Among Like-Minded People
Bühren, Christoph; Dannenberg, Astrid - 2021
We use an experiment to test the hypothesis that groups consisting of like-minded cooperators are able to cooperate …. However, the information about the composition of the group turns out to be even more important than we expected. It helps … attitude. These findings highlight the role of group composition and information for institution formation and that lessons …
Persistent link: https://www.econbiz.de/10012623173
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Biases in Belief Reports
Bauer, Dominik; Wolff, Irenaeus - 2021
Belief elicitation is important in many different fields of economic research. We show that how a researcher elicits such beliefs-in particular, whether the belief is about the participant's opponent, an unrelated other, or the population of others-affects the processes involved in the formation...
Persistent link: https://www.econbiz.de/10012623204
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The Effect of Belief Elicitation Game Play
Hoffmann, Timo - 2014
beliefs are widely used in economics. In this paper I experimentally test whether the second assumption is correct. Especially …
Persistent link: https://www.econbiz.de/10010396711
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Pricing in Asymmetric Two-Sided Markets: A Laboratory Experiment
Weghake, Jens; Erlei, Mathias; Keser, Claudia; Schmidt, … - 2018
We conducted a laboratory experiment to study the price setting behavior in two-sided markets. We seek to answer two specific research questions: Do participants charge the equilibrium prices that can be derived from a theoretical model? How is the price setting affected by the characteristics...
Persistent link: https://www.econbiz.de/10011892131
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Measuring Preferences for Algorithms - Are people really algorithm averse after seeing the algorithm perform?
Ivanova-Stenzel, Radosveta; Tolksdorf, Michel - 2023
Persistent link: https://www.econbiz.de/10014363778