Searching for a better deal: On the influence of group decision making, time pressure and gender in a search experiment
Year: 2008
Type: preprint
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.
Authors: Marcela Ibáñez, Simon Czermak, Matthias Sutter
Language: English
Subfield: Safety Research
Field: Social Sciences
Domain: Social Sciences
SDG: Gender equality
Open Access status: green
OpenAlex ID: W1545998632