A Schotter - Cambridge Books, 2008 - ideas.repec.org
This book uses game theory to analyse the creation, evolution and function of economic and
social institutions. The author illustrates his analysis by describing the organic or unplanned
evolution of institutions such as the conventions of war, the use of money, property rights ...
C Bull, A Schotter… - The Journal of Political Economy, 1987 - JSTOR
This paper presents an experimental examination of rank-order tournaments and piece
rates. Ten experiments were run employing 225 paid undergraduate student volunteers.
While, in general, the mean effort levels chosen by subjects converged to their theoretical ...
HR Nalbantian… - The American Economic Review, 1997 - JSTOR
This paper presents an experimental examination of a variety of group incentive programs.
We investigate simple revenue sharing and more sophisticated, target-based systems such
as profit sharing or productivity gainsharing, as well as tournament-based and monitoring ...
Y Nyarko… - Econometrica, 2002 - Wiley Online Library
This paper investigates belief learning. Unlike other investigators who have been forced to
use observable proxies to approximate unobserved beliefs, we have, using a belief
elicitation procedure (proper scoring rule), elicited subject beliefs directly. As a result we ...
A Schotter… - The Quarterly Journal of Economics, 1992 - qje.oxfordjournals.org
Abstract This paper assesses whether affirmative action programs and equal opportunity
laws affect the output of economic agents. More precisely, we find that equal opportunity
laws and affirmative action programs always benefit disadvantaged groups. Equal ...
A Schotter - 2008 - books.google.com
Economics is a living science--and you can make a contribution. Dr. Schotter's new
MICROECONOMICS: A MODERN APPROACH shows you how to go beyond studying
theory and effectively apply what you learn to your future studies, career, and life. ...
A Schotter, K Weigelt… - Journal ofEc0nomit'Literature …, 1994 - cess.nyu.edu
GAMES AND ECONOMIC BEHAVIOR 6, 445-468 (I994) A Laboratory Investigation of Multiperson
Rationality and Presentation Effects* ANDREW SCHOTTER Department of Economics, New
York University, 269 Mercer Street, New York, New York 10003 KEITH WEIGELT ...
R Radner… - Journal of Economic Theory, 1989 - Elsevier
This paper presents the results of a set of experiments performed to test the properties of a
bargaining mechanism (called the sealed-bid mechanism) used to structure bargaining
under incomplete information. Our results indicate that the mechanism performs quite well. ...
A Schotter… - Journal of Economic Literature, 1980 - JSTOR
We are indebted to many people for their encouragement and advice in undertaking this
project. Above all, however, we must thank the editor of this journal, whose practical and
scientifc judgment kept us on track through what turned out to be a long and at times ...
A Schotter… - Economic Inquiry, 1981 - Wiley Online Library
This paper presents results of experiments designed to test several of the hypotheses
present in the theoretical literature on “optimal” economic search. First we test whether the
subjects (searchers) actually search for wages in ways that are consistent with setting an ...
C Pitchik… - The American Economic Review, 1987 - JSTOR
We consider the following simple model of consumer fraud. Consumers need one of two
possible repairs-an expensive repair (denoted E) or an inexpensive repair (denoted I). The
exogenous probability that a consumer needs the more costly remedy is r. Each consumer ...
A Schotter… - 1985 - getcited.org
An academic directory and search engine.
A Schotter… - Journal of Political Economy, 2003 - JSTOR
We investigate the creation and evolution of conventions of behavior in “intergenerational
games” or games in which a sequence of nonoverlapping “generations” of players play a
stage game for a finite number of periods and are then replaced by other agents who ...
[CITATION] The evolution of rules
A Schotter - Economics as a process: essays in …, 1986 - New York: Cambridge University …
A Orrison, A Schotter… - Management Science, 2004 - JSTOR
Modern hierarchical organizations, like corporations, must motivate agents to work hard.
Given their pyramid structure, it is not surprising that one commonly used motivator is the
promotion tournament. In such tournaments, agents compete to advance to positions at ...
C Pitchik… - The Rand Journal of Economics, 1988 - JSTOR
This article presents an experimental study of bidding behavior in sequential auctions in
which there are budget constraints and perfect information. Our experiments test both the
properties of such auctions and the predictive power of a refinement of the Nash ...
A Schotter,
A Weiss… - Journal of Economic Behavior & …, 1996 - Elsevier
Much of the debate surrounding ultimatum and dictatorship games centers around the
question of fairness. Fairness, however, is not a concept that is devoid of context. What may
be considered unfair when two people meet face to face or in a bilateral manner may be ...
A Chaudhuri, A Schotter… - The Economic Journal, 2009 - Wiley Online Library
Resources for the research were provided by the National Science Foundation through
grant number SES 0111640, by both the Center for Experimental Social Science and the CV
Starr Center for Applied Economics at New York University, by the Rutgers University ...
A Schotter - Experimental Business Research, 2005 - Springer
In many of the decisions we make we rely on the advice of others who have preceded us.
For example, before we buy a car, choose a dentist, choose a spouse, find a school for our
children, sign on to a retirement plan, etc. we usually ask the advice of others who have ...
JS Dreyer… - The Review of Economics and Statistics, 1980 - JSTOR
THERE is a widespread agreement that the International Monetary Fund (IMF) has played a
central role in fostering a dynamic and open international economy in the postwar period. As
the world economy evolved, the consensus has also emerged, however, that substantial ...
A Corns… - The American Economic Review, 1999 - JSTOR
One of the most controversial questions facing our economy and society in recent years is
the question of affirmative action. The debate centers around an issue of minority
representation in which the rights of the majority are depicted as being compromised by ...
J Benhabib,
A Bisin… - Games and Economic Behavior, 2010 - Elsevier
In this paper we elicit preferences for money–time pairs via experimental techniques. We
estimate a general specification of discounting that nests exponential and hyperbolic
discounting, as well as various forms of present bias, including quasi-hyperbolic ...
MR Delgado, A Schotter, EY Ozbay… - Science, 2008 - sciencemag.org
Abstract We take advantage of our knowledge of the neural circuitry of reward to investigate
a puzzling economic phenomenon: Why do people overbid in auctions? Using functional
magnetic resonance imaging (fMRI), we observed that the social competition inherent in ...
D Fischer… - Public Choice, 1978 - Springer
In voting bodies, when voting weights are reallocated, it may be observed that the voting
power of some members, as measured by the Shapley-Shubik and Banzhaf power indices,
increases while their voting weight decreases. By a simple constructive proof, this paper ...
A Caplin… - 2008 - books.google.com
The Foundations of Positive and Normative Economics: A Handbook is the first book in a
new series by Andrew Caplin and Andrew Schotter. There is currently no guide available on
the rapidly changing methodological frontiers of the field of economics. This fact has left ...
YM Braunstein… - Economic Inquiry, 1982 - Wiley Online Library
1.* We gratefully acknowledge the research and computational help of Eugenio Omedeo,
Dubi Silverstein, and Alisa Jonas. Professor Schotters participation in this project was made
possible by the support of the Office of Naval Research contract number N00014-78-C- ...
W Müller, A Schotter… - 2003 - Citeseer
Abstract This paper reports the results of experiments designed to test the theory of the
optimal composition of prizes in contests. We find that while in the aggregate the behavior of
our subjects is consistent with that predicted by the theory, such aggregate results mask ...
[CITATION] Selected economic writings of Oskar Morgenstern
O Morgenstern… - 1976 - New York Univ. Press
K Weigelt, J Dukerich… - Organizational Behavior and Human …, 1989 - Elsevier
Abstract In a series of experiments with undergraduate business students, some behavioral
consequences of discrimination in an incentive compensation scheme were investigated. A
game-theoretic approach was used to predict the choices subjects should make if they ...
A Schotter… - Games and Economic Behavior, 2007 - Elsevier
In the real world, when people play a game, they often receive advice from those that have
played it before them. Such advice can facilitate the creation of a convention of behavior.
This paper studies the impact of advice on the behavior subjects who engage in a non- ...
A Merlo… - Games and Economic Behavior, 2003 - Elsevier
We present experimental evidence suggesting that observational learning (ie,
learning-by-not-doing but by observing) may outperform learning-by-doing. ... John, ER,
Chesler, P., Bartlett, F. and Victor, I., 1969. Observational learning in cats. Science 166, ...
A Merlo… - Games and Economic Behavior, 1999 - Elsevier
We use experimental data to investigate what subjects have learned after participating in an
economic experiment for many periods. At the end of our experiments subjects are given
another experiment to perform which functions like a surprise quiz since they had not ...
C Pitchik… - Canadian Journal of Economics, 1993 - JSTOR
The seminal papers of Crawford and Sobel (1982) and Green and Stokey (1980) study
models in which a signal about the state of the world is transmitted from a perfectly informed
sender to an uninformed receiver. We study a model in which multiple signallers compete ...
A Schotter, W Zheng… - Games and Economic Behavior, 2000 - Elsevier
While face-to-face bargaining has proven itself to be extremely efficient in the laboratory, it
appears to break down often in the real world. This discrepancy, we assert, is explained by
the fact that in the real world face-to-face bargaining is usually conducted not between ...
A Merlo… - The American Economic Review, 1992 - JSTOR
In a recent paper in this Review, Glenn Harrison (1989) has raised an interesting and
significant point concerning the methodology of experimental economics. Specifically,
Harrison has warned economists to take care in designing their experiments to give ...
A Schotter - History of Political Economy, 1992 - books.google.com
The theory of games represents one of the few genuine social-scientific inventions of the
twentieth century. Unlike many contributions to social science which rely on or are
applications of some preexisting theory, game theory was developed by von Neumann ...
A Chaudhuri, A Schotter… - 2003 - papers.ssrn.com
Abstract: In this experiment groups of 8 subjects are recruited into the lab and play Van
Huyck et al.'s (1990) Minimum Game for 10 periods. After his participation is over each
subject is replaced by another agent, his laboratory descendant, who then plays the game ...
A Schotter, B Sopher… - 2001 - files.nyu.edu
Abstract In the real world, when people play a game, they often receive advice from those
that have played it before them. Such advice can facilitate the creation of a convention of
behavior. This paper studies the impact of advice on the behavior subjects who engage in ...
A Schotter… - Experimental Economics, 2006 - Springer
Abstract This paper investigates the development of conventions of trust in what we call
intergenerational games, ie, games played by a sequence of non-overplapping agents, who
pass on advice on how to play the game across adjacent generations of players. Using ...
A Schotter - Economics, values, and organization, 1998 - books.google.com
Economists and social psychologists have struggled long and hard in an effort to understand
the characteristics of situations in which workers will act cooperatively in the workplace
instead of shirk. Like all public goods problems, the temptation to free ride on the effort of ...
Z Partow… - Working Papers, 1993 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
A Schotter… - Management Science, 1992 - JSTOR
This paper examines whether long-term managerial bonus schemes change the allocative
behavior of subjects in a laboratory setting. Using four different compensation schemes, we
show that a necessary condition for reconciling divergent time preferences between ...
HR Nalbantian… - Journal of Labor Economics, 1995 - JSTOR
This article presents the results of an experimental study investigating the problem of
allocating heterogeneous indivisible objects using market-like mechanisms. The object of
study is the market for professional baseball players in their free-agent year. We ...
Y Nyarko, A Schotter… - Economic Theory, 2006 - Springer
Abstract This paper examines the market for advice and the underlying perception that
advice is useful and informative. We do this by first providing a theoretical examination of the
informational content of advice and then by setting up a series of experimental markets ...
A Schotter… - Journal of Financial Intermediation, 2009 - Elsevier
This paper presents an experimental investigation of the factors that affect the dynamics and
severity of bank runs. Our experiments demonstrate that the more information laboratory
economic agents can expect to learn about the crisis as it develops, the more willing they ...
R Frydman, GP O'Driscoll Jr… - Southern Economic Journal, 1982 - JSTOR
Muth advanced the rational expectations hypothesis that agents predict the value of
endogenous variables on the basis of the" relevant economic theory" of the phenomena in
question. As long as there is a unique relevant theory, no ambiguity exists as to what is a ...
B Çelen, S Kariv… - Levine's Bibliography, 2006 - celen.us
ABSTRACT Social learning is the process of individuals learning by observing the actions of
others. In the real world, however, although people learn by observing the actions of others,
they also learn from advice. This paper introduces advice giving into a standard social- ...
A Schotter - Working Papers, 1981 - ideas.repec.org
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view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
A Schotter… - W orking Paper, Department of …, 2003 - michau.nazwa.pl
Abstract This paper investigates the factors that determine the severity of bank runs and
points out possible policies that might help dampen them. We have demonstrated that in
general the more information economic agents can expect to have about an ongoing ...
[CITATION] Social institutions and game theory
A Schotter - The Elgar Companion to Austrian Economics, Hants, …, 1994
A Schotter - Journal of Theoretical Politics, 2006 - jtp.sagepub.com
Abstract The main purpose of rational choice theory is to lay out in clear and transparent
terms what conditions are necessary and/or sufficient for the validity of statements about
consistent human behavior. Strong criteria for rationality are 'wrong'if understood as a ...
[CITATION] Applied game theory: proceedings of a conference at the Institute for Advanced Studies, Vienna, June 13-16, 1978
SJ Brams, A Schotter… - 1979 - Not Avail
A Orrison, A Schotter, K Weigelt… - 1997 - econ.nyu.edu
Abstract This paper investigates multi-person tournaments both theoretically and
experimentally. It asks, and attempts to answer three questions: 1) As the size of a
tournament grows through replication (ie at any level as the number of large prizes grow ...
[CITATION] You're not making sense, you're just being logical
A Schotter - 1996) Foundations of Research in Economics: How Do …, 1996
K Eliaz… - The American economic review, 2007 - JSTOR
The classical model of decision making under uncertainty assumes that decision makers
care only about final outcomes. The decision makers' beliefs enter the model only as a
means of weighting the possible material outcomes, yet they do not generate an intrinsic ...
W Müller… - Journal of the European Economic …, 2010 - Wiley Online Library
Abstract This paper reports the results of experiments designed to test the theory of the
optimal composition of prizes in contests. In the aggregate the behavior of subjects is
consistent with that predicted by the theory, but we find that such aggregate results mask ...
B Çelen, S Kariv… - Mimeo Center for Experimental …, 2003 - elsa.berkeley.edu
Abstract This paper studies how individuals learn by observing the behavior of predecessors
as well as from their advice. What we find is a truly puzzling result that we call the advice
paradox. This paradox can be stated as follows: subjects in a laboratory social learning ...
M Brown,
CJ Flinn… - The American Economic …, 2011 - ingentaconnect.com
Abstract: While widely accepted labor market search models imply a constant reservation
wage policy, empirical evidence strongly suggests that reservation wages decline in search
duration. This paper reports the results of the first real-time-search laboratory experiment. ...
T Offerman… - Games and Economic Behavior, 2009 - Elsevier
In this paper, we present the results of two experiments on social sampling, where people
make a risky decision after they have sampled the behavior of others who have done exactly
the same problem before them. In an individual decision making problem as well as in the ...
J Benhabib,
A Bisin… - New York University …, 2004 - emlab.berkeley.edu
Abstract In this paper we elicit preferences for discounting via experimental techniques. We
then estimate a general specification of discounting that nests exponential and hyperbolic
discounting, as well as various forms of present bias, including quasi% hyperbolic ...
K Eliaz… - Games and Economic Behavior, 2010 - Elsevier
This paper presents experimental evidence that when individuals are about to make a given
decision under risk, they are willing to pay for information on the likelihood that this decision
is ex-post optimal, even if this information will not affect their decision. Our findings ...
K Eliaz, T Offerman… - Games and Economic Behavior, 2008 - Elsevier
This paper presents an experimental study of a mechanism that is commonly used to sell
multiple heterogeneous goods. The novel feature of this procedure is that instead of selling
each good in a separate auction, the seller executes a single auction in which buyers, ...
K Eliaz… - 2006 - vlab2.gsb.columbia.edu
Abstract This paper presents experimental evidence suggesting that decision% makers
derive an intrinsic benefit from their posterior beliefs: they prefer to make decisions with a
high posterior of being correct. We demonstrate this in the lab by showing that most sub% ...
A Schotter - Journal of Economics, 1973 - Springer
The following paper is a survey of much of the work done on the game theoretical analysis of
competitive equilibrium. While it is, of course, impossible to touch upon every article written
on this subject, the following paper does mention most of the major contributions to the ...
L Cabral, EY Ozbay… - 2011 - luiscabral.net
Abstract In the context of infinitely repeated veto game, we devise an experiment to
distinguish between alternative explanations of generous behavior (accepting negative
payoffs): altruism, intrinsic backward-looking reciprocity (reciprocal kindness), and ...
M Agranov… - 2010 - files.nyu.edu
Abstract In this paper we study the effi ciency properties of natural language used as a
communication device in what we call Announcement Games. An Announcement game is a
cheap) talk game, in which an VAnnouncerV upon privately observing the value of the ...
A Schotter - … with incomplete information: essays in economic …, 1998 - books.google.com
One of the most interesting developments in economic theory over the past 20 years has
been the emergence of the theory of mechanism design. In short, mechanism design theory
investigates whether it is possible to design an economic institution (represented formally ...
R Iyengar… - Experimental Economics, 2008 - Springer
Abstract In many market environments, for example in investment banking, salesforce
management and others, workers and supervisors work closely as a team. Workers are paid
a fixed salary and supervisors determine any raises, which are typically dependent on ...
J Dukerich, K Weigelt… - Organizational Behavior and Human …, 1990 - Elsevier
Abstract A series of experiments with undergraduate management students was conducted
to examine the behavioral effects of situations with dual discrimination in an incentive
compensation scheme. Subjects were randomly assigned to a disadvantaged or ...
C Pitchik… - Working Papers, 1982 - econpapers.repec.org
By Carolyn Pitchik and Andrew Schotter; Internal and External
Regulation of Markets with Asymmetric Information.
L Kornhauser… - J. Legal Stud., 1990 - HeinOnline
A he incentive effects of various legal rules governing liability for accidents have been the
subject of much controversy among lawyers and of much formal study among economists. 1
To lawyers, the deterrent effect of a legal rule of strict liability relative to one of negligence ...
[CITATION] What's so informative about choice
A Schotter - Caplin, A. and A. Schotter (eds.), 2008
A Schotter - Regional Science and Urban Economics, 1977 - ideas.repec.org
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view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
A Schotter - Working Papers, 1979 - ideas.repec.org
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view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
A Merlo, A Schotter… - 1990 - econ.nyu.edu
Abstract In a recent paper Glenn Harrison (1989a) has raised an interesting and significant
point concerning the methodology of experimental economics. Specifically, Harrison has
warned economists to take care in designing their experiments to give subjects sufficient ...
P Linhart, R Radner… - Working Papers, 1990 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your
bookmarks. BEHAVIOR AND EFFICIENCY IN THE SEALED-BID MECHANISM.
Peter Linhart, Roy Radner and Andrew Schotter (). ...
A Schotter - The American Economic Review, 1979 - JSTOR
The formation of syndicates, unions, or cartels has recently been shown to lead to
consequences which are counter to our economic intuition. Specifically, it has been shown
(see Robert Aumann; Andrew Postlewaite and Robert Rosenthal) that syndication in ...
C Pitchik… - American Economic Review, 1988 - econpapers.repec.org
By Carolyn Pitchik and Andrew Schotter; Honesty in a Model of
Strategic Information Transmission: Correction.
C Pitchik… - Working Papers, 1986 - ideas.repec.org
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view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
A Schotter - The American Economic Review, 1990 - JSTOR
This paper surveys a set of experiments conducted by Roy Radner and myself (1989) and
Peter Linhart, Radner, and myself (1989a; b), all of which were conducted to investigate the
properties of the sealed-bid mechanism, a mechanism used to structure bargaining under ...
A Schotter - 1987 - dialnet.unirioja.es
... La Economía de libre mercado: una valoración crítica. Información General. Autores: Andrew
Schotter; Editores: Ariel; Año de publicación: 1987; País: España; Idioma: Español; ISBN :
84-344-2021-X. Otros catálogos. Bibliotecas Universitarias en las que se encuentra ( REBIUN ...
C Pitchik, A Schotter… - 1984 - econ.nyu.edu
The authors would like to thank Paul Heyrman for writing the complex computer program
used in the experiment and Jesus Alvarez for his computational assistence. We also
acknowledge the help of Jim Albrecht, Clive Bull, Martin Osborne, and Bernard Wasow. All ...
[CITATION] The Economic Theory of Economic Institutions
A Schotter - 1981 - Cambridge: Cambridge University …
[CITATION] The Economic Theory of Social
A Schotter - Institutions, 1981
[CITATION] Learning With A Meddlesome Boss: An Experiment in Sloppy Principal-Agent Relationships
R Iyengar… - Mimeo Center for Experimental Social Science, 2002
C Pitchik… - Working Papers, 1984 - econpapers.repec.org
By Carolyn Pitchik and Andrew Schotter; An Experimental Test
of a Theory of Markets With Asymetric Information.
[CITATION] Keith Weigelt. 2004. Multiperson tournaments: An Experimental Examination
A Orrison… - Management Science
[CITATION] The Economic Theory of Social Institutions
S Andrew - 1981 - Cambridge: Cambridge University …
A Schotter - The Theory of Market Failure, 1988 - books.google.com
If economics is going to study the rise and evolution of social institutions, a very simple
methodological approach is suggested. We should start our analyses in a Lockean state of
nature in which there are no social institutions at all, only agents, their preferences, and ...
K Hyndman, EY Ozbay, A Schotter… - Journal of the …, 2010 - Wiley Online Library
2. Acknowledgments: We would like to thank the editor, Stefano DellaVigna, and four
anonymous referees for their detailed and helpful comments. We also acknowledge the
helpful comments made by Colin Camerer, Vincent Crawford, Guillaume Fréchette, Ed ...
[CITATION] l981
A Schotter - The economic theory of social institutions
[CITATION] Moral Hazard and Adverse Selection: Information Market Failures
A Schotter - Micro-Economics: A Modern Approach, 2000 - Addison Wesley New York
[CITATION] Fairness and Survival in Ultimatum Games
A Schotter, A Weiss… - unpublished paper, New York University Department …, 1994
A Schotter, B Sopher… - 2000 - econ.as.nyu.edu
Abstract This is a paper on the creation and evolution of conventions of behavior in” inter-
generational games”. In these games a sequence of nonoverlapping” generations” of
players play a stage game for a finite number of periods and are then replaced by other ...
A Schotter, B Synder… - Working Papers, 1992 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks.
Bargaining Through Agents: An Experimental Study. Andrew Schotter (), B. Synder and W. Zheng. ...
Y Braunstein… - Coalition forming behavior, 1978 - books.google.com
This paper presents the results of an experimental test of a hypothesis offered by Oskar
Morgenstern and Gerhard Schwodiauer in a paper entitled" Competition and Collusion in
Bilateral Markets"(Zeitschrift fur National-ffkonomie3 December, 1976). The hypothesis ...
C Pitchik… - Metroeconomica, 1994 - Wiley Online Library
The authors would like to thank the CV Starr Center for Applied Economics at New York
University for its financial assistance in this project. We would also like to thank Ken Rogoza
for his technical assistance and the helpful suggestions of the editors and referees.
C Bull, A Schotter… - Working Papers, 1987 - ideas.repec.org
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view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
SM Berman… - Working Papers, 1980 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks. When
is the Incentive Problem Real? Simeon M. Berman and Andrew Schotter (). ...
T Offerman… - New York University, 2005 - fee.uva.nl
Abstract In this paper, we present the results of an experiment on social sam'pling. People
are asked to make a risky decision in a situation where an idiosyncratic luck term affects
their performance. Before they make their decision, people have the opportunity to sample ...
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