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All Outputs (11)

Intelligence in Experimental Economics (2025)
Other
Sofianos, A. (2025). Intelligence in Experimental Economics. Oxford Research Encyclopedia of Economics and Finance

The economics literature has increasingly been studying how intelligence relates to economic decision making. This has developed a large literature that aims to understand how cognitive abilities and processes relate to both individual decision makin... Read More about Intelligence in Experimental Economics.

Revising Beliefs in Light of Unforeseen Events (2024)
Journal Article
Becker, C. K., Melkonyan, T., Proto, E., Sofianos, A., & Trautmann, S. T. (in press). Revising Beliefs in Light of Unforeseen Events. Journal of the European Economic Association,

Bayesian updating is the dominant theory of learning. However, the theory is silent about how individuals react to events that were previously unforeseen. We study how decision makers update their beliefs if unforeseen events materialize, and under w... Read More about Revising Beliefs in Light of Unforeseen Events.

Intelligence Disclosure and Cooperation in Repeated Interactions (2024)
Journal Article
Lambrecht, M., Proto, E., Rustichini, A., & Sofianos, A. (2024). Intelligence Disclosure and Cooperation in Repeated Interactions. American Economic Journal: Microeconomics, 16(3), 199-231. https://doi.org/10.1257/mic.20220245

How does the information on players’ intelligence affect strategic behavior? Game theory, based on the assumption of common knowledge of rationality, does not provide useful predictions. We experimentally show that in the Prisoners’ Dilemma disclosur... Read More about Intelligence Disclosure and Cooperation in Repeated Interactions.

Does mining fuel bubbles? An experimental study on cryptocurrency markets (2024)
Journal Article
Lambrecht, M., Sofianos, A., & Xu, Y. (2025). Does mining fuel bubbles? An experimental study on cryptocurrency markets. Management Science, 71(3), 1865-1888. https://doi.org/10.1287/mnsc.2022.01238

We investigate how key features associated with the Proof-of-Work consensus mechanism of Bitcoin (commonly referred to as mining) affect pricing. In a controlled laboratory experiment, we observe that price bubble formation can be attributed to minin... Read More about Does mining fuel bubbles? An experimental study on cryptocurrency markets.

Investigations of decision processes at the intersection of psychology and economics (2024)
Journal Article
Lohse, J., Rahal, R.-M., Schulte-Mecklenbeck, M., Sofianos, A., & Wollbrant, C. (2024). Investigations of decision processes at the intersection of psychology and economics. Journal of Economic Psychology, 103, Article 102741. https://doi.org/10.1016/j.joep.2024.102741

In recent years, there has been growing interest in capturing, manipulating, and analyzing the effects of decision-making processes that underlie economic choice. This editorial discusses these recent developments by contextualizing the six contribut... Read More about Investigations of decision processes at the intersection of psychology and economics.

Anger Impairs Strategic Behavior: A Beauty-Contest Based Analysis (2023)
Journal Article
Castagnetti, A., Proto, E., & Sofianos, A. (2023). Anger Impairs Strategic Behavior: A Beauty-Contest Based Analysis. Journal of Economic Behavior and Organization, 213, 128-141. https://doi.org/10.1016/j.jebo.2023.06.027

The frustration-aggression hypothesis posits that anger affects economic behaviour essentially by temporally changing individual social preferences and specifically attitudes towards
punishment. Here, we test a different channel in an experiment whe... Read More about Anger Impairs Strategic Behavior: A Beauty-Contest Based Analysis.