• Add-On Pricing in Retail Financial Markets and the Fallacies of Consumer Education 

      Kosfeld, Michael; Schüwer, Ulrich (2016-07-11)
      We analyze the consequences of consumer education on prices and welfare in retail financial markets when some consumers are naive about shrouded addon prices and banks try to exploit this. Allowing for different information ...
    • Mirror, Mirror on the Wall: Machine Predictions and Self-Fulfilling Prophecies 

      Bauer, Kevin; Gill, Andrej (2021-04-20)
      We show that disclosing machine predictions to affected parties can trigger self-fulfilling prophecies. In an investment game, we experimentally vary investors’ and recipients’ access to a machine prediction about recipients’ ...
    • WP313_BG_exp1_2021 

      Unbekannter Autor
      A data set comprising 1397 distinct examples. We collected this data in an incentivized field study that we conducted at a large German university over three years (2016-2019) with first-semester economics students. Most ...
    • WP313_BG_exp2_2021 

      Unbekannter Autor
      In our experiment, participants engage in three subsequent one-shot investment games. Investors initially choose between keeping or investing 10 monetary units (MU) with recipients, who, in the case of investment, decide ...