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Cognitive Abilities and Behavioral Biases
Oechssler, Jörg; Roider, Andreas; Schmitz, Patrick W. - 2009
We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play … a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores … on the Cognitive Reflection Test of Frederick (2005) indeed are correlated with lower incidences of the conjunction …
Persistent link: https://www.econbiz.de/10011422177
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Sick Pay Provision in Experimental Labor Markets
Dürsch, Peter; Oechssler, Jörg; Vadovic, Radovan - 2008
Sick pay is a common provision in most labor contracts. This paper employs an experimental gift-exchange environment to explore two related questions using both managers and undergraduates as subjects. First, do workers reciprocate sick pay in the same way as they reciprocate wage payments?...
Persistent link: https://www.econbiz.de/10011422180
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Cognitive Abilities and Behavioral Biases
Oechssler, Jörg; Roider, Andreas; Schmitz, Patrick W. - Alfred-Weber-Institut für Wirtschaftswissenschaften, … - 2009
We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play … a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores … on the Cognitive Reflection Test of Frederick (2005) indeed are correlated with lower incidences of the conjunction …
Persistent link: https://www.econbiz.de/10004998911
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Cognitive Abilities and Behavioral Biases
Oechssler, Jörg; Roider, Andreas; Schmitz, Patrick W. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play …
Persistent link: https://www.econbiz.de/10005859698
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Cognitive Abilities and Behavioral Biases
Oechssler, Jörg; Roider, Andreas; Schmitz, Patrick W. - Institute for the Study of Labor (IZA) - 2008
We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play … a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores … on the Cognitive Reflection Test of Frederick (2005) indeed are correlated with lower incidences of the conjunction …
Persistent link: https://www.econbiz.de/10005762419
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Herding with and without Payoff Externalities - An Internet Experiment
Drehmann, Mathias; Oechssler, Jörg; Roider, Andreas - 2005
experiment with more than 6000 subjects, including a subsample of 267 consultants from an international consulting firm. We also …
Persistent link: https://www.econbiz.de/10011422136
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Herding with and without Payoff Externalities - An Internet Experiment
Drehmann, Mathias; Oechssler, Jörg; Roider, Andreas - 2004
, including a subsample of 267 consultants from an international consulting firm, participated in an internet experiment. We also …
Persistent link: https://www.econbiz.de/10010264905
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How do people cope with an ambiguous situation when it becomes even more ambiguous?
Eichberger, Jürgen; Oechssler, Jörg; Schnedler, Wendelin - 2012
unknown probabilities, i.e., they are ambiguity averse. In an experiment, we examine subjects’ choices when there is an …
Persistent link: https://www.econbiz.de/10011422234
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Cognitive abilities and behavioral biases
Oechssler, Jörg; Roider, Andreas; Schmitz, Patrick W. - 2008
We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play … a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores … on the Cognitive Reflection Test of Frederick (2005) indeed are correlated with lower incidences of the conjunction …
Persistent link: https://www.econbiz.de/10010269260
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Imitation and the evolution of Walrasian behavior: theoretically fragile but behaviorally robust
Apesteguia, José; Huck, Steffen; Oechssler, Jörg; … - 2008
A well-known result by Vega-Redondo (1997) implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian outcome where price equals marginal cost. In this paper, we show that this result is not robust to the slightest asymmetry in fixed costs. Instead of obtaining the Walrasian...
Persistent link: https://www.econbiz.de/10010270592