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Zoekopdracht: faculteit: "FEB" en publicatiejaar: "1998"

AuteurJ.H. Sonnemans
TitelStrategies of Search
TijdschriftJournal of Economic Behavior & Organization
FaculteitFaculteit Economie en Bedrijfskunde
Instituut/afd.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
SamenvattingTwo experiments are designed to examine the strategies people use in search behavior. In the first experiment, an electronic information board is used to register on which aspects of the situation subjects focus their attention and after that subjects also submit a formal strategy. Although efficiency is rather high, most subjects do not use the theoretical optimal strategy. Many subjects seem to focus on the total earnings instead of the marginal return of another draw. On an average, subjects stop searching too early. This cannot totally be explained by risk aversion. The second experiment shows that the tendency to search too little can be(partly) explained by learning processes.
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