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We study search behavior in a generalized "secretary problem" environment in which consumers search sequentially for … make no distributional assumptions about the quality of the alternatives. Rather, at each stage of the search the consumers …. Our study departs from previous experimental investigations of the secretary problem by including search costs and …
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(e.g., markets for durables). This paper studies experimentally the search rules that buyers might use in this case of … extreme lack of information on prices. The paper identifies three general search heuristics, derives three specific rules from … the heuristics and, using data from a small-scale experiment, estimates parameters of the rules. …
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an experiment to test the hypothesis that this asymmetric flow of information leads agents to search too little. I find … problems deserve a second look. This paper studies the effects of learning on the efficiency of search. Once learning is taken … structure in the search problem. Agents stop searching once a sufficiently attractive price is found. Therefore, they observe …
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is little evidence of learning over the 40 matches of the experiment. …
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Experimental studies of search behavior suggest that individuals stop searching earlier than predicted by the optimal … processing capacities and satisfycing. To discriminate among these two possibilities, we conduct an experiment that consists of a … standard search task as well as a lottery task designed to elicit utility functions. We find that search heuristics are not …
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