Experimental methods: Pay one or pay all
In some experiments participants make multiple decisions; this feature facilitates gathering a
considerable amount of incentivized data over the course of a compact session. A …
considerable amount of incentivized data over the course of a compact session. A …
The strategy versus the direct-response method: a first survey of experimental comparisons
J Brandts, G Charness - Experimental Economics, 2011 - Springer
In this paper, we present a first survey of the literature regarding whether the strategy
method, in which a responder makes conditional decisions for each possible information set …
method, in which a responder makes conditional decisions for each possible information set …
A penny for your thoughts: A survey of methods for eliciting beliefs
Incentivized methods for eliciting subjective probabilities in economic experiments present
the subject with risky choices that encourage truthful reporting. We discuss the most …
the subject with risky choices that encourage truthful reporting. We discuss the most …
Risk aversion, subjective beliefs, and farmer risk management strategies
L Menapace, G Colson, R Raffaelli - American Journal of Agricultural …, 2013 - JSTOR
Building upon early theoretical work that established the underlying principles of deci sion
making in settings involving risk (eg Arrow 1965; Pratt 1964; Von Neumann and …
making in settings involving risk (eg Arrow 1965; Pratt 1964; Von Neumann and …
Belief elicitation in experiments: is there a hedging problem?
Belief-elicitation experiments usually reward accuracy of stated beliefs in addition to
payments for other decisions. But this allows risk-averse subjects to hedge with their stated …
payments for other decisions. But this allows risk-averse subjects to hedge with their stated …
Optimal bidding in auctions from a game theory perspective
PL Lorentziadis - European Journal of Operational Research, 2016 - Elsevier
The game theoretic perspective in auction bidding has provided a powerful normative
framework for the analysis of auctions and it has generated an impressive volume of …
framework for the analysis of auctions and it has generated an impressive volume of …
[PDF][PDF] Auctions: A survey of experimental research, 1995–2010
The first question faced in writing this survey is how to organize it and what to include. There
have been hundreds of papers reporting experimental work on auctions since the 1995 …
have been hundreds of papers reporting experimental work on auctions since the 1995 …
Belief elicitation: A horse race among truth serums
ST Trautmann, G van de Kuilen - The Economic Journal, 2015 - academic.oup.com
We pit non‐incentivised introspection against five revealed preference mechanisms ('truth
serums') in the elicitation of beliefs in a simple two‐player game. We measure the additivity …
serums') in the elicitation of beliefs in a simple two‐player game. We measure the additivity …
Regret and feedback information in first-price sealed-bid auctions
R Engelbrecht-Wiggans, E Katok - Management Science, 2008 - pubsonline.informs.org
We investigate the effect of regret-related feedback information on bidding behavior in
sealed-bid first-price auctions. Two types of regret are possible in this auction format. A …
sealed-bid first-price auctions. Two types of regret are possible in this auction format. A …
Eliciting beliefs: Proper scoring rules, incentives, stakes and hedging
O Armantier, N Treich - European Economic Review, 2013 - Elsevier
Proper Scoring Rules (PSRs) are popular incentivized mechanisms to elicit an agent's
beliefs. This paper combines theory and experiment to characterize how PSRs bias reported …
beliefs. This paper combines theory and experiment to characterize how PSRs bias reported …