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The Role of Information Feedback in Local Reserve Energy Auction Markets
Madlener, Reinhard; Rosen, Christiane - Institut für Future Energy Consumer Needs and Behavior … - 2013
last couple of decades, several studies on feedback information in games and its role in learning have been conducted. Some … of the most notable ones are the results in learning direction theory (Selten & Stoecker, 1986), impulse balance theory … learning and the change in bidder behavior for the divisible good auction case. However, the impact of the competitive …
Persistent link: https://www.econbiz.de/10010840304
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Joint measurement of risk aversion, prudence and temperance
Ebert, Sebastian; Wiesen, Daniel - 2010
We propose a method to measure the intensity of risk aversion, prudence (downside risk aversion) and temperance (outer risk aversion) in experiments. Higher-order risk compensations are defined within the proper risk apportionment model of Eeckhoudt and Schlesinger [American Economic Review, 96...
Persistent link: https://www.econbiz.de/10010293367
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How Payment Systems Affect Physicians' Provision Behaviour – An Experimental Investigation
Hennig-Schmidt, Heike; Selten, Reinhard; Wiesen, Daniel - 2011
Understanding how physicians respond to incentives from payment schemes is a central concern in health economics research. We introduce a controlled laboratory experiment to analyse the influence of incentives from fee-for-service and capitation payments on physicians’ supply of medical...
Persistent link: https://www.econbiz.de/10010293369
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An experimental methodology testing for prudence and third-order preferences
Ebert, Sebastian; Wiesen, Daniel - 2009
We propose an experimental method to test individuals for prudence (i.e. downside risk aversion) outside the expected utility framework. Our method relies on a novel representation of compound lotteries which allows for a systematic parameterization that captures the full generality of prudence....
Persistent link: https://www.econbiz.de/10010270008
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How Payment Systems Affect Physicians' Provision Behaviour – An Experimental Investigation
Hennig-Schmidt, Heike; Selten, Reinhard; Wiesen, Daniel - 2009
A central concern in health economics is to understand the influence of commonly used physician payment systems. We introduce a controlled laboratory experiment to analyze the influence of fee-for-service (FFS) and capitation (CAP) payments on physicians' behaviour. Medical students decide as...
Persistent link: https://www.econbiz.de/10010270417
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Joint measurement of risk aversion, prudence and temperance
Ebert, Sebastian; Wiesen, Daniel - University of Bonn, Germany - 2010
We propose a method to measure the intensity of risk aversion, prudence (downside risk aversion) and temperance (outer risk aversion) in experiments. Higher-order risk compensations are defined within the proper risk apportionment model of Eeckhoudt and Schlesinger [American Economic Review, 96...
Persistent link: https://www.econbiz.de/10008725919
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An Experimental Analysis of Single vs. Multiple Bids in Auctions of Divisible Goods
Madlener, Reinhard; Rosen, Christiane - Institut für Future Energy Consumer Needs and Behavior … - 2013
In this paper we report on an experimental examination of the comparison between multiple and single bids in a discriminatory-price procurement auction of divisible goods. Having been inspired by energy trading, sellers with a portfolio comprising several cost-quantity pairs bid into a market...
Persistent link: https://www.econbiz.de/10010840300
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How Payment Systems Affect Physicians´ Provision Behaviour – An Experimental Investigation
Hennig-Schmidt, Heike; Selten, Reinhard; Wiesen, Daniel - University of Bonn, Germany - 2009
A central concern in health economics is to understand the influence of commonly used physician payment systems. We introduce a controlled laboratory experiment to analyze the influence of fee-for-service (FFS) and capitation (CAP) payments on physicians' behaviour. Medical students decide as...
Persistent link: https://www.econbiz.de/10008493100
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An experimental methodology testing for prudence and third-order preferences
Ebert, Sebastian; Wiesen, Daniel - University of Bonn, Germany - 2009
We propose an experimental method to test individuals for prudence (i.e. downside risk aversion) outside the expected utility framework. Our method relies on a novel representation of compound lotteries which allows for a systematic parameterization that captures the full generality of prudence....
Persistent link: https://www.econbiz.de/10004981447
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How Payment Systems Affect Physicians' Provision Behaviour – An Experimental Investigation
Hennig-Schmidt, Heike; Selten, Reinhard; Wiesen, Daniel - University of Bonn, Germany - 2011
Understanding how physicians respond to incentives from payment schemes is a central concern in health economics research. We introduce a controlled laboratory experiment to analyse the influence of incentives from fee-for-service and capitation payments on physicians’ supply of medical...
Persistent link: https://www.econbiz.de/10008913273