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the no-run outcome the unique equilibrium. We test if the theoretical predictions hold in a lab experiment. We find that …
Persistent link: https://www.econbiz.de/10013013145
Using an experiment, we test whether men acquire information about investments differently than women. When information … is costly, we find that men purchase more information about investment choices than females and more information … Holt and Laury risk preference task and find that men and women acquire information differently in that setting as well …
Persistent link: https://www.econbiz.de/10012925041
We experimentally study targeted intervention using network characteristics. Players play a network game in the laboratory. They coordinate on a collective outcome in a repeated game. The game has multiple equilibria, including an efficient and inefficient one. There are two types of bonuses to...
Persistent link: https://www.econbiz.de/10013292809
' risk preferences, overconfidence and market expectations. In a laboratory experiment subjects choose to enter one of three … risk preferences and overconfidence account for self-selection into the market with the highest financial uncertainty …
Persistent link: https://www.econbiz.de/10013080598
Differences in cognitive sophistication and effort are at the root of behavioral heterogeneity in economics. To explain this heterogeneity, behavioral models assume that certain choices indicate higher cognitive effort. A fundamental problem with this approach is that observing a choice does not...
Persistent link: https://www.econbiz.de/10012006965
, and deliberation times. In an experimental test, the predicted relations are readily observed in the data, but only when …
Persistent link: https://www.econbiz.de/10011880533
The unravelling prediction of disclosure theory relies on the idea that strategic forces lead firms (information senders) to voluntarily disclose information about the quality of their products provided the information disclosed is verifiable and the costs of disclosure are negligible. This...
Persistent link: https://www.econbiz.de/10012131654
risk, showing that the effect of prior experiences depends on task similarity. Beyond that, we extend these findings to …
Persistent link: https://www.econbiz.de/10012520860
Humans make decisions jointly with others. They share responsibility for the outcome with their interaction partners. Today, more and more often the partner in a decision is not another human but, instead, a machine. Here we ask whether the type of the partner, machine or human, affects our...
Persistent link: https://www.econbiz.de/10011899056
We examine decision-making under risk in a laboratory experiment. The heart of our design examines how one's propensity …
Persistent link: https://www.econbiz.de/10014075735