Searching for a better deal - On the influence of group decision making, time pressure and gender in a search experiment

Marcela Ibanez (), Simon Czermak () and Matthias Sutter

Working Papers from Faculty of Economics and Statistics, Universität Innsbruck

Abstract: We study behavior in a search experiment where sellers receive randomized bids from a computer. At any time, sellers can accept the highest standing bid or ask for another bid at positive costs. We find that sellers stop searching earlier than theoretically optimal. Inducing a mild form of time pressure strengthens this finding in the early periods. There are marked gender differences. Men search significantly shorter than women. If subjects search in groups of two subjects, there is no difference to individual search, but teams of two women search much longer than men and recall more frequently.

Keywords: Search experiment; Time; Group decision; Gender differences (search for similar items in EconPapers)
JEL-codes: C91 C92 D83 (search for similar items in EconPapers)
Pages: 25
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-lab
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www2.uibk.ac.at/downloads/c4041030/wpaper/2008-05.pdf (application/pdf)

Related works:
Working Paper: Searching for a better deal - on the influence of group decision making, time pressure and gender in a search experiment (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inn:wpaper:2008-05

Access Statistics for this paper

More papers in Working Papers from Faculty of Economics and Statistics, Universität Innsbruck Contact information at EDIRC.
Bibliographic data for series maintained by Judith Courian ().