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Human Capital and Financial Development: Firm-Level Interactions and Macroeconomic Implications 人力资本和金融发展:企业层面的相互作用和宏观经济影响
The Economic Journal Pub Date : 2023-11-20 DOI: 10.1093/ej/uead098
Lian Allub, Pedro Gomes, Zoë Kuehn
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引用次数: 1
Decision Times Reveal Private Information in Strategic Settings: Evidence from Bargaining Experiments 决策时间揭示战略环境中的私人信息:来自议价实验的证据
The Economic Journal Pub Date : 2023-07-25 DOI: 10.1093/ej/uead055
Arkady Konovalov, Ian Krajbich
{"title":"Decision Times Reveal Private Information in Strategic Settings: Evidence from Bargaining Experiments","authors":"Arkady Konovalov, Ian Krajbich","doi":"10.1093/ej/uead055","DOIUrl":"https://doi.org/10.1093/ej/uead055","url":null,"abstract":"People respond quickly when they have a clear preference and slowly when they are close to indifference. The question is whether others exploit this tendency to infer private information. In two-stage bargaining experiments, we observe that the speed with which buyers reject sellers’ offers decreases with the size of the foregone surplus. This should allow sellers to infer buyers’ values from response times (RT), creating an incentive for buyers to manipulate their RT. We experimentally identify distinct conditions under which subjects do, and do not, exhibit such strategic behaviour. These results provide the first insight into the possible use of RT as a strategic variable.","PeriodicalId":501319,"journal":{"name":"The Economic Journal","volume":"66 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138521489","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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