We consider a repeated stochastic coordination game with imperfect publicmonitoring. In the game any pattern of coordinated play is a perfectBayesian Nash equilibrium ...

In view of recent corporate scandals, it is argued that corporate governance can learn from public governance ...

Distortions in memory impose important bounds on rationality but have been largely disregardedin economics. While it is possible to learn, it is more difficult, and sometimes impossible, tounlearn...

Corporate scandals, reflected in excessive management compensation and fraudulentaccounts, cause great damage...

Corporate scandals are reflected in excessive top management compensation and fraudulent accounts ...

This paper provides a survey of recent experimental work in economicsfocussing on social and economic networks. The experimentsconsider networks of coordination and cooperation, buyer-seller networks, and network formation.

One can be independent, or subject to decisions made by others. This paper empirically tests whether individuals attach an intrinsic value to the institutional difference between independence and hierarchy ...

This work gives a brief overview of the portfolio selection problem following the mean-risk approach first proposed by Markowitz (1952)... [Enrico De Giorgi]<p>

A substantial number of people exhibit social preferences, which means they are not solelymotivated by material self-interest but also care positively or negatively for the material payoffs ofrelevant reference agents...

Moderne Ökonomie und Sozialpsychologie beschäftigen sich beide mit der Erklärungmenschlichen Verhaltens. Dieser Artikel gibt eine Übersicht über die Interaktion zwischen denbeiden Wissenschaften...