Showing 1 - 10 of 11,100
We study the voluntary revelation of private, personal information in a labor-market experiment with a lemons structure …
Persistent link: https://www.econbiz.de/10009789435
We study the voluntary revelation of private, personal information in a labor-market experiment with a lemons structure …
Persistent link: https://www.econbiz.de/10010188736
This paper analyzes limited strategic reasoning in posted-offer markets with asymmetric information. I use cursed equilibrium (Eyster and Rabin, 2005) to model buyers as making wrong inferences about quality based on the prices they observe. Such behavior increases trading frequencies,...
Persistent link: https://www.econbiz.de/10012864444
Belief elicitation is central to inference on economic decision making. The recently introduced Binarized Scoring Rule (BSR) is heralded for its robustness to individuals holding risk averse preferences and for its superior performance when eliciting beliefs. Consequently, the BSR has become the...
Persistent link: https://www.econbiz.de/10012842970
Randomized experiments (REs) are viewed as the "gold standard" for the treatment evaluation, but many REs are plagued … prior beliefs over the course of the experiment when deciding whether to drop out. We use the framework to analyze an … learning is observed over the course of the experiment, so that early dropout is primarily driven by side effects, while later …
Persistent link: https://www.econbiz.de/10014075800
A critical assumption in the vast literature on inventory management has been that the current level of inventory is known to the decision maker. Some of the most celebrated results such as the optimality of base-stock policies have been obtained under this assumption. Yet it is often the case...
Persistent link: https://www.econbiz.de/10012838110
We consider a decentralized supply chain where a supplier sells goods to a retailer facing a general random demand over an infinite horizon. The retailer satisfies the demand to the extent of the inventory on hand. The retailer has private information about his inventory in each period and the...
Persistent link: https://www.econbiz.de/10013307392
People's fairness preferences are an important constraint for what constitutes an acceptable economic transaction, yet little is known about how these preferences are formed. In this paper, we provide clean evidence that contrast effects arising from previous transactions play an important role...
Persistent link: https://www.econbiz.de/10011482926
empirically in a large scale online experiment and in the laboratory. In both experiments, the second mover's lying propensity …
Persistent link: https://www.econbiz.de/10011933920
We study the voluntary revelation of private information in a labor-market experiment where workers can reveal their …
Persistent link: https://www.econbiz.de/10010437281