Investigating the Behavior of Real Experts on Experimental Markets for Credence Goods

نویسندگان

  • Adrian Beck
  • Rudolf Kerschbamer
  • Jianying Qiu
  • Matthias Sutter
  • Adrian BECK
  • Rudolf KERSCHBAMER
  • Jianying QIU
  • Matthias SUTTER
چکیده

We compare the behavior of car mechanics and college students as sellers in experimental credence goods markets. Finding largely similar behavior, we note much more overtreatment by car mechanics, probably due to decision heuristics they learned in their professional training. JEL classifications: C91, D82, C72

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Behavior of Real Experts on Experimental Markets for Credence Goods

We compare the behavior of car mechanics and college students as sellers in experimental credence goods markets. Finding largely similar behavior, we note much more overtreatment by car mechanics, probably due to decision heuristics they learned in their professional training. JEL classifications: C91, D82, C72

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تاریخ انتشار 2009