Please use this identifier to cite or link to this item: https://ruomo.lib.uom.gr/handle/7000/1820
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dc.contributor.authorLykopoulos, Efthymios-
dc.contributor.authorVoucharas, Georgios-
dc.contributor.authorXefteris, Dimitrios-
dc.date.accessioned2023-11-30T08:53:30Z-
dc.date.available2023-11-30T08:53:30Z-
dc.date.issued2022-11-
dc.identifier10.1007/s10683-022-09770-xen_US
dc.identifier.issn1492–1514en_US
dc.identifier.urihttps://doi.org/10.1007/s10683-022-09770-xen_US
dc.identifier.urihttps://ruomo.lib.uom.gr/handle/7000/1820-
dc.description.abstractIn theory, search conditions are a key determinant of Pandora’s rule (i.e. of the optimal search pattern), and of the eventual payoffs (Weitzman, 1979; Doval, 2018). We compare different search conditions in the laboratory and find strong evidence that they affect subjects’ order of inspection and payoffs greatly. Subjects are more conservative at the beginning of the search, and earn less if they are constrained to choose only among the inspected alternatives, than if they are not. These findings reinforce the empirical pertinence of the formal search literature, and generate novel insights regarding relevant settings of applied interest (e.g. the impact of market digitization on consumer behavior)en_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.sourceExperimental Economicsen_US
dc.subjectFRASCATI::Social sciences::Economics and Business::Economicsen_US
dc.subject.otherPandora’s ruleen_US
dc.subject.otherLaboratory experimenten_US
dc.subject.otherWeitzmanen_US
dc.subject.otherSearchen_US
dc.titlePandora’s Rules in the Laboratoryen_US
dc.typeArticleen_US
dc.contributor.departmentΤμήμα Οικονομικών Επιστημώνen_US
local.identifier.volume25en_US
local.identifier.issue25en_US
local.identifier.firstpage1492en_US
local.identifier.lastpage1514en_US
Appears in Collections:Department of Economics

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