| Publikationstyp: | Beitrag in wissenschaftlicher Zeitschrift |
| Art der Begutachtung: | Peer review (Publikation) |
| Titel: | Do institutions promote rationality? : an experimental study of the three-door anomaly |
| Autor/-in: | Slembeck, Tilman Tyran, Jean-Robert |
| DOI: | 10.1016/j.jebo.2003.03.002 |
| Erschienen in: | Journal of Economic Behavior & Organization |
| Band(Heft): | 54 |
| Heft: | 3 |
| Seite(n): | 337 |
| Seiten bis: | 350 |
| Erscheinungsdatum: | 2004 |
| Verlag / Hrsg. Institution: | Elsevier |
| ISSN: | 0167-2681 |
| Sprache: | Englisch |
| Schlagwörter: | Communication; Competition; Institution; Learning; Three door anomaly; Group decision making; Individual decision making |
| Fachgebiet (DDC): | 150: Psychologie 330: Wirtschaft |
| Zusammenfassung: | The three-door problem is an example of a systematic violation of a key rationality postulate that has attracted much attention. In this seemingly simple individual decision task, most people initially fail to apply correctly Bayes’ Law, and to make the payoff-maximizing choice. Previous experimental studies have shown that individual learning reduces the incidence of irrational choices somewhat, but is far from eliminating it. We experimentally study the roles of communication and competition as institutions to mitigate the choice anomaly. We show that the three-door anomaly can be entirely eliminated by these institutions. |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/9635 |
| Volltext Version: | Publizierte Version |
| Lizenz (gemäss Verlagsvertrag): | Lizenz gemäss Verlagsvertrag |
| Departement: | School of Management and Law |
| Organisationseinheit: | Zentrum für Arbeitsmärkte, Digitalisierung und Regionalökonomie (CLDR) |
| Enthalten in den Sammlungen: | Publikationen School of Management and Law |
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Slembeck, T., & Tyran, J.-R. (2004). Do institutions promote rationality? : an experimental study of the three-door anomaly. Journal of Economic Behavior & Organization, 54(3), 337–350. https://doi.org/10.1016/j.jebo.2003.03.002
Slembeck, T. and Tyran, J.-R. (2004) ‘Do institutions promote rationality? : an experimental study of the three-door anomaly’, Journal of Economic Behavior & Organization, 54(3), pp. 337–350. Available at: https://doi.org/10.1016/j.jebo.2003.03.002.
T. Slembeck and J.-R. Tyran, “Do institutions promote rationality? : an experimental study of the three-door anomaly,” Journal of Economic Behavior & Organization, vol. 54, no. 3, pp. 337–350, 2004, doi: 10.1016/j.jebo.2003.03.002.
SLEMBECK, Tilman und Jean-Robert TYRAN, 2004. Do institutions promote rationality? : an experimental study of the three-door anomaly. Journal of Economic Behavior & Organization. 2004. Bd. 54, Nr. 3, S. 337–350. DOI 10.1016/j.jebo.2003.03.002
Slembeck, Tilman, and Jean-Robert Tyran. 2004. “Do Institutions Promote Rationality? : An Experimental Study of the Three-Door Anomaly.” Journal of Economic Behavior & Organization 54 (3): 337–50. https://doi.org/10.1016/j.jebo.2003.03.002.
Slembeck, Tilman, and Jean-Robert Tyran. “Do Institutions Promote Rationality? : An Experimental Study of the Three-Door Anomaly.” Journal of Economic Behavior & Organization, vol. 54, no. 3, 2004, pp. 337–50, https://doi.org/10.1016/j.jebo.2003.03.002.
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