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Nov 4, 2019 - AWI Experimental Economics
Schmidt, Robert, 2019, "Capitalizing on the (False) Consensus Effect: Two Tractable Methods to Elicit Private Information [Dataset]", https://doi.org/10.11588/data/7WGSTU, heiDATA, V1, UNF:6:NNk+dDpsSu2ZXVMSVkJtQQ== [fileUNF]
We propose and experimentally test two tractable methods to incentivize the elicitation of private information: Benchmark and Coordination. Both mechanisms capitalize on the false consensus effect, a well-documented phenomenon that follows Bayesian reasoning. That is, individuals...
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