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We conducted laboratory experiments to investigate how private and public information affect the selection and timing of technology adoption. Our experiments extend the standard herding model to more accurately represent the innovation decision problem. Subjects drew private signals and observed...
Persistent link: https://www.econbiz.de/10013035338
other-regarding preferences. The results of the experiment indicate that 60 percent of senders adopt deceptive strategies by …
Persistent link: https://www.econbiz.de/10013038329
underbidding can be weakened by giving the subjects ex ante feedback about their bid, but unlike related studies I also find …
Persistent link: https://www.econbiz.de/10012902000
. We conduct a laboratory experiment in which participants play an urn-guessing game over several decision rounds while … from our experiment. The theoretical prediction differs sharply from the existing results in the Bayesian and non …
Persistent link: https://www.econbiz.de/10013062835
In this paper, we hypothesize that the strength of the consensus effect, i.e., the tendency for people to overweight the prevalence of their own values and preferences when forming beliefs about others' values and preferences, depends on the salience of own preferences. We manipulate salience by...
Persistent link: https://www.econbiz.de/10014233633
experiment. Treatments vary by the type of reciprocity examined (direct, indirect) and information conditions (no information …
Persistent link: https://www.econbiz.de/10013245255
Multiple Cournot oligopoly experiments found more collusive behavior in markets with fewer firms (Huck et al., 2004; Hostmann et al., 2018). This result could be explained by a higher difficulty to coordinate or by lower incentives to collude in markets with more firms. We show that the Quantal...
Persistent link: https://www.econbiz.de/10013230892
. -- imperfect recall ; absentmindedness ; dynamic inconsistency ; experiment …
Persistent link: https://www.econbiz.de/10003980493
Cooperation problems are at the heart of many everyday situations. In this paper, we propose a very simple and light-handed mechanism to sustain cooperation and test its performance in a rich laboratory environment. The mechanism moderates cooperation by controlling experiences, more...
Persistent link: https://www.econbiz.de/10009007141
experiment subjects divide 20 euros between themselves and a charity. Some randomly determined participants are induced to wear a … bracelet for the two weeks following their donation decision. This bracelet serves as a private reminder of the experiment … remember the experiment in the following two weeks. …
Persistent link: https://www.econbiz.de/10010250033