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作者：Cooper, David J.; Fatas, Enrique; Morales, Antonio J.; Qi, Shi
作者单位：University of Iowa; University of East Anglia; European University of Madrid; Universidad de Malaga; William & Mary
摘要：Level-k models often assume that individuals employ a fixed depth of reasoning across different games. We study this assumption by having subjects make choices in five classes of games chosen to identify inconsistent depth of reasoning. We demonstrate that depth of reasoning is pervasively inconsistent, changing both within and between classes of games. We show that this cannot easily be explained by factors such as subject confusion, changing beliefs about others' depth of reasoning, stochast...
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作者：Ide, Enrique
作者单位：University of Navarra; IESE Business School
摘要：I explain why current success can undermine an organization's ability to innovate. I consider a standard bandit problem between a safe and a risky arm with two modifications. First, a principal allocates resources. Second, an agent must install the risky arm, which is not contractible. If the principal cannot commit to a resource policy, a dual moral hazard problem emerges: The agent's pay must be tied to the risky arm's success to encourage installation, inducing the principal to stop experim...
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作者：Gill, David; Rosokha, Yaroslav
作者单位：Purdue University System; Purdue University
摘要：We aim to understand the role and evolution of beliefs in the indefinitely repeated prisoner's dilemma ( IRPD ) . To do so, , we elicit beliefs about the supergame strategies chosen by others. We find heterogeneity in beliefs and changes in beliefs with experience are central to understanding behavior and learning in the IRPD. Beliefs strongly predict cooperation, , beliefs respond to the return to cooperation, , most subjects choose strategies that perform well given their beliefs, , and beli...
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作者：Huet-Vaughn, Emiliano; McClure, Ethan M. L.; Serrato, Juan Carlos Suarez
作者单位：Claremont Colleges; Pomona College; University of California System; University of California Berkeley; Stanford University
摘要：Individuals face nonlinear incentives in myriad situations. We test a fundamental assumption in such settings: that individuals display stable preferences when facing linear and nonlinear incentives. We use a laboratory experiment to characterize how revealed preferences are affected by changes in the budget set environment. Choices under kinked budgets exhibit the same very high levels of internally consistent behavior as they do under linear budgets. However, for about half the subjects, cho...
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作者：Demuynck, Thomas; Staner, Clement
作者单位：Universite Libre de Bruxelles
摘要：We develop a revealed preference test for the Choquet expected utility model with ambiguity aversion, which does not rely on specific functional form assumptions on the utility index. It is computationally efficient if the number of states is not too large, even for a large number of observations. This is a nice feature compared to other existing revealed preference tests for decision models with ambiguity. We illustrate the usefulness of our results by implementing our test on two experimenta...
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作者：Rees-Jones, Alex; Shorrer, Ran; Tergiman, Chloe
作者单位：University of Pennsylvania; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：We present results from three experiments containing incentivized school choice scenarios. In these scenarios, , we vary whether schools' assessments of students are based on a common priority ( inducing correlation in admissions decisions) ) or are based on independent assessments ( eliminating correlation in admissions decisions). ) . The quality of students' application strategies declines in the presence of correlated admissions: application strategies become substantially more aggressive ...
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作者：Dvorak, Fabian; Fehrler, Sebastian
作者单位：University of Konstanz; University of Bremen
摘要：Case studies of cartels and recent theory suggest that communication is a key factor for cooperation under imperfect monitoring, , where actions can only be observed with noise. We conduct a laboratory experiment to study how communication affects cooperation under different monitoring structures. Pre-play communication reduces strategic uncertainty and facilitates very high cooperation rates at the beginning of an interaction. Under perfect monitoring, , this is sufficient to reach a high and...
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作者：Ater, Itai; Rigbi, Oren
作者单位：Tel Aviv University; Ben-Gurion University of the Negev
摘要：We study the effects of a price transparency regulation in Israeli supermarkets. Using price data collected before and after the regu-lation and a difference-in-difference research design, we show that price levels and price dispersion declined significantly after the reg-ulation. Chains also began setting identical prices in all stores. We use Robert and Stahl (1993) to interpret our findings, showing that low-priced chains extensively used price advertising after prices became transparent. T...
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作者：Bushong, Benjamin; Gagnon-Bartsch, Tristan
作者单位：Michigan State University; State University System of Florida; Florida State University
摘要：We document a form of attribution bias wherein people wrongly ascribe sensations of positive or negative surprise to the underly-ing disutility of a real-effort task. Participants in our experiments learned from experience about two unfamiliar tasks, one more onerous than the other. We manipulated expectations about which task they would face: some participants were assigned their task by chance, while others knew their assignment in advance. Hours later, we elicited willingness to work again ...
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作者：Budish, Eric; Bhave, Aditya
作者单位：University of Chicago
摘要：Economists have long been puzzled by event-ticket underpricing: underpricing reduces revenue for the performer and encourages socially wasteful rent-seeking by ticket brokers. What about using an auction? This paper studies the introduction of auctions into this market by Ticketmaster in the mid-2000s. By combining primary-market auction data from Ticketmaster with secondary-market resale value data from eBay, we show that Ticketmaster's auctions worked : they substantially improved price disc...
