Imitation under stress:
Imitating the best strategy from the previous period has been shown to be an important heuristic, in particular in relatively complex environments. In this experiment we test whether subjects are more likely to use imitation if they are under stress. Subjects play a repeated Cournot oligopoly. Treat...
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| Main Authors: | , , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Berlin
WZB
2014
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| Series: | Discussion paper
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| Online Access: | Volltext http://hdl.handle.net/10419/105650 |
| Summary: | Imitating the best strategy from the previous period has been shown to be an important heuristic, in particular in relatively complex environments. In this experiment we test whether subjects are more likely to use imitation if they are under stress. Subjects play a repeated Cournot oligopoly. Treatments are time pressure within the task and distractions through a second task (a Stroop-task) that has to be performed as well and influences payment. We measure stress levels through salivary cortisol and heart rate. Our main findings are that time pressure and distraction can indeed raise physiological stress levels of subjects within our task. More importantly from an economic perspective, we can also observe a corresponding behavioral change that is indicative of imitation. |
| Physical Description: | 1 Online-Ressource (25 S.) graph. Darst. |
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| 520 | 1 | |a Imitating the best strategy from the previous period has been shown to be an important heuristic, in particular in relatively complex environments. In this experiment we test whether subjects are more likely to use imitation if they are under stress. Subjects play a repeated Cournot oligopoly. Treatments are time pressure within the task and distractions through a second task (a Stroop-task) that has to be performed as well and influences payment. We measure stress levels through salivary cortisol and heart rate. Our main findings are that time pressure and distraction can indeed raise physiological stress levels of subjects within our task. More importantly from an economic perspective, we can also observe a corresponding behavioral change that is indicative of imitation. | |
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| spelling | Buckert, Magdalena 1984- Verfasser (DE-588)104942381X aut Imitation under stress Magdalena Buckert ; Jörg Oechssler ; Christiane Schwieren Berlin WZB 2014 1 Online-Ressource (25 S.) graph. Darst. txt rdacontent c rdamedia cr rdacarrier Discussion paper Imitating the best strategy from the previous period has been shown to be an important heuristic, in particular in relatively complex environments. In this experiment we test whether subjects are more likely to use imitation if they are under stress. Subjects play a repeated Cournot oligopoly. Treatments are time pressure within the task and distractions through a second task (a Stroop-task) that has to be performed as well and influences payment. We measure stress levels through salivary cortisol and heart rate. Our main findings are that time pressure and distraction can indeed raise physiological stress levels of subjects within our task. More importantly from an economic perspective, we can also observe a corresponding behavioral change that is indicative of imitation. Oechssler, Joerg Verfasser (DE-588)118045083 aut Schwieren, Christiane 1972- Verfasser (DE-588)1028063180 aut http://bibliothek.wzb.eu/pdf/2014/ii14-309.pdf Verlag kostenfrei Volltext http://hdl.handle.net/10419/105650 Langzeitarchivierung |
| spellingShingle | Buckert, Magdalena 1984- Oechssler, Joerg Schwieren, Christiane 1972- Imitation under stress |
| title | Imitation under stress |
| title_auth | Imitation under stress |
| title_exact_search | Imitation under stress |
| title_full | Imitation under stress Magdalena Buckert ; Jörg Oechssler ; Christiane Schwieren |
| title_fullStr | Imitation under stress Magdalena Buckert ; Jörg Oechssler ; Christiane Schwieren |
| title_full_unstemmed | Imitation under stress Magdalena Buckert ; Jörg Oechssler ; Christiane Schwieren |
| title_short | Imitation under stress |
| title_sort | imitation under stress |
| url | http://bibliothek.wzb.eu/pdf/2014/ii14-309.pdf http://hdl.handle.net/10419/105650 |
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