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, increased division of labor in research, intense publication pressure, academic fraud, dilution of the concept of “university …
Persistent link: https://www.econbiz.de/10008672224
Corporate scandals are reflected in excessive top management compensation and fraudulent accounts. These scandals cause an enormous amount of damage, not only to the companies affected, but also to the market economy as a whole. As a solution, conventional wisdom suggests more monitoring and...
Persistent link: https://www.econbiz.de/10005760916
experiment and nd that subjectsact more often in line with consequentialism than with dynamic consistency.[...] …
Persistent link: https://www.econbiz.de/10009249016
. We first testwhether scores on the Big Five are related to performance in our experiment, and second how this is related …
Persistent link: https://www.econbiz.de/10009248986
In an aging society, it becomes more and more important to understand how aging affects decision making. Older adults have to face many situations that require consequential financial decisions. In the present study, we examined the effects of aging on decisions in two domains of uncertainty:...
Persistent link: https://www.econbiz.de/10009248989
In a punishment experiment, we separate the demand for punishmentin general from a possible demand to conduct …
Persistent link: https://www.econbiz.de/10009248996
results of an experiment which inquires to the extendand the severity of the adverse selection when sick-pay is voluntary …
Persistent link: https://www.econbiz.de/10009248999
Individuals exhibit a randomization preference if they prefer random mix-tures of two bets to each of the involved bets. Such preferences provide thefoundation of various models of uncertainty aversion. However, it has to ourknowledge not been empirically investigated whether uncertainty-averse...
Persistent link: https://www.econbiz.de/10009249012
It is difficult to disagree with Vernon Smith's (2010) assessment of thestate of the art in experimental economics. It is informed by the experienceof someone who was there, right at the beginning of experimental economics.Some of the problems he discusses, like the frequent failure of backward...
Persistent link: https://www.econbiz.de/10009249017
Goeree & Holt (2001) observe that, for some parameter values, Nash equilibrium providesgood predictions for actual behaviour in experiments. For other payoff parameters, however,actual behaviour deviates consistently from that predicted by Nash equilibria. They attributethe robust deviations...
Persistent link: https://www.econbiz.de/10009262201