Götte, Lorenz; Cerulli-Harms, Annette; Sprenger, Charles - 2014
expectations. We examine the predictions of Kőszegi and Rabin (2006) in the context of market experiments with probabilistic forced … exchange. The experiment tightly tests the predictions of Kőszegi and Rabin (2006), as when the probability of forced exchange … these theoretical predictions. In a series of experiments with a total of 930 subjects, sellers' valuations exceed buyers …
