Bidding for Nothing? The Pitfalls of Overly Neutral Framing
Duersch Peter, Müller Julia
Zusammenfassung
Neutral framing is a standard tool of experimental economics. However, overly neutral instructions, which lack any contextual clues, can lead to strange behaviour. In a contextless second-price auction for a meaningless good, a majority of subjects enter positive bids - likely a case of cognitive experimenter demand effect. Subjects may interpret the lack of context as being tasked with bidding in the experiment. Adding another auction that has a context drastically reduces the positive bids in the meaningless auction.
Publikationstyp
Forschungsartikel (Zeitschrift)
Begutachtet
Ja
Publikationsstatus
Veröffentlicht
Jahr
2017
Fachzeitschrift
Applied Economics Letters
Band
24
Ausgabe
17
Seiten
932-935
Sprache
Englisch
ISSN
1350-4851
DOI