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normative theory as well. -- Bayesianism ; Bayesian learning ; decision theory ; expectations ; learning ; rational expectations … choices can be excluded on the basis of a decision maker's v. Neumann-Morgenstern utility function, her knowledge of past … ; rationality ; rationalizability ; subjectively expected utility theory ; subjective probability …
Persistent link: https://www.econbiz.de/10009499955
Expectations about macroeconomic developments are important determinants of long term interest rates. In this paper, I compare two different assumptions on how agents may form their expectations about the economy and yields in a pseudo real time exercise. Based on the no-arbitrage...
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This paper investigates the impact of peer observation on the consumption decisions of rural households in Thailand using a lab-in-the-field experiment. We find that those groups that observe each other show lower within group standard deviation in their decisions. Thus, we find evidence for...
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Die drei Kapitel der Dissertation behandeln unterschiedliche Aspekte der quantitativen Impactevaluatierung im mikroökonomischen Kontext. Das erste Kapitel betrachtet den Einfluss von Arbeitsmigration auf das Konsumverhalten von Haushalten in Tadschikistan. Es scheint sich hierbei um einen...
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; Doping ; Radsport ; Spieltheorie ; Gefangenen Dilemma ; Principal-Agent-Theorie ; Assurance Game ; Informationskaskaden …
Persistent link: https://www.econbiz.de/10008779521
This paper investigates a unique policy designed to maintain employment during the privatization of East German firms after the fall of the Iron Curtain. The policy required new owners of the firms to commit to employment targets, with penalties for non-compliance. Using a dynamic model, we...
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