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
Erste Seite
932
Letzte Seite
935
Sprache
Englisch
ISSN
1350-4851
DOI