Beck, Adrian Kerschbamer, Rudolf Qiu, Jianying Sutter, Matthias
Year of Publication:
Working Papers in Economics and Statistics 2009-27
We compare the behavior of car mechanics and college students as sellers in experimental credence goods markets. Finding largely similar behavior, we note much more overtreatment by car mechanics, probably due to decision heuristics they learned in their professional training.
Artefactual field experiment Car mechanics Credence goods