Experimentelle Wirtschaftsforschung

The annual Ottobeuren Seminar on Economics brings together experts on a previously chosen subject. The special purpose of these seminars is to present new theoretical approaches as well as new empirical findings and to discuss the political-economic conclusions with them. This volume contains the papers and discussions of the 38th Ottobeuren Seminar on Economics dealing with the subject of experimental economics. It presents several experiments, some of whose results clearly contradict the predictions of traditional economics and thus provide important incentives for a reformulation of the theoretical approaches.Werner Güth, Reinhard Selten: Experimental Economics: Introduction and Overview – Joachim Weimann: Modifizierte Diktator-Spiele: Die Stabilität des Verhaltens und die Rolle von Institutionen – Steffen Huck, Hans-Theo Normann, Jim Engle-Warnick: Random Dictators: A First Investigation into Social von Neumann Morgenstern Preferences – René Fahr, Bernd Irlenbusch: Information Cascades among Groups and Individuals. First Results – Anja Achtziger, Carlos Alós-Ferrer: Do People Update Beliefs? A Critical Review and Some New Evidence – Stephanie Berner, Karolin Leukert, Peter Zweifel: Präferenzen für Krankenversicherung in Deutschland und den Niederlanden: Ein Zweiländervergleich – Cédric Argenton, Wieland Müller: Bertrand Competition with Convex Costs in Symmetric and Asymmetric Markets: Results from a Pilot Study – Claudia Keser, Giuseppe A. Paleologo: Experimentelle Untersuchung von Großhandelsverträgen: Der einfache Großhandelspreis – Ben Greiner, Felix Lamouroux, Axel Ockenfels: Learning to Bid in Markets with Reputation Information – Sven Fischer, Werner Güth, Christoph Köhler: Effects of Profitable Downsizing on Collective Bargaining