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Competition and Personality in a Restaurant Entry Game

Author

Listed:
  • Bergstrom Theodore

    (Economics Department, University of California Santa Barbara, CA 93105, USA)

  • Parendo Shane

    (Department of Economics, Tiffin University, Tiffin, OH, USA)

  • Sonstelie Jon

    (Department of Economics, UCSB, Santa Barbara, California, USA)

Abstract

We explore the question of whether personality traits as measured by standard psychological tests are significant explanators of behavior in an entry game. The experimental data and psychological test results come from classroom experiments designed to teach the concepts of short and long run equilibrium in a competitive market. These experiments were conducted in 42 classroom sessions, each with about 35 students.

Suggested Citation

  • Bergstrom Theodore & Parendo Shane & Sonstelie Jon, 2016. "Competition and Personality in a Restaurant Entry Game," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 16(1), pages 411-433, January.
    • Handle: RePEc:bpj:bejtec:v:16:y:2016:i:1:p:411-433:n:15
    DOI: 10.1515/bejte-2015-0049
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    References listed on IDEAS

    as
    1. Heckman, James J., 2011. "Integrating Personality Psychology into Economics," IZA Discussion Papers 5950, Institute of Labor Economics (IZA).
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    3. Muriel Niederle & Lise Vesterlund, 2007. "Do Women Shy Away From Competition? Do Men Compete Too Much?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 122(3), pages 1067-1101.
    4. Almlund, Mathilde & Duckworth, Angela Lee & Heckman, James & Kautz, Tim, 2011. "Personality Psychology and Economics," Handbook of the Economics of Education, in: Erik Hanushek & Stephen Machin & Ludger Woessmann (ed.), Handbook of the Economics of Education, edition 1, volume 4, chapter 0, pages 1-181, Elsevier.
    5. Natalia Karelaia & Robin Hogarth, 2010. "The attraction of uncertainty: Interactions between skill and levels of uncertainty in market-entry games," Journal of Risk and Uncertainty, Springer, vol. 41(2), pages 141-166, October.
    6. James Heckman, 2013. "Sample selection bias as a specification error," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 31(3), pages 129-137.
    7. Lindner, Florian, 2014. "Decision time and steps of reasoning in a competitive market entry game," Economics Letters, Elsevier, vol. 122(1), pages 7-11.
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    10. Caplan, Bryan, 2003. "Stigler-Becker versus Myers-Briggs: why preference-based explanations are scientifically meaningful and empirically important," Journal of Economic Behavior & Organization, Elsevier, vol. 50(4), pages 391-405, April.
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