... to simple decision heuristics. Instructions were provided to each participant in a printed document available throughout the experiment, delivered verbally by the experimenters with an example task to clarify the process, and also presented digitally before the start of the loan choice task. A detailed...

... that participants' behavior is contingent to their perception of the nature of experimental environment, and accordingly, differs with the presence or absence of monetary incentives (Gneezy and Rustichini, 2000). In a monetary incentive-driven experiment, participant perception of the experimental tasks...

... of individuals. Therefore, during the experiment, you will be treated anonymously. Neither the experimenters nor the people in this room will ever know your particular choices. You will find the instructions on the computer screen, explaining how the experiment will unfold. The instructions are the same...

...: take-it-or-leave-it offer (TLO) and the competitive bidding offer (CBO). Design/methodology/approach The research paper uses experimental economics methodology and laboratory experiments to investigate the research question. Findings The results suggest that underpricing can serve as a signal...