Showing 1 - 10 of 11
We conduct a laboratory experiment where third-party spectators can redistribute resources between two agents, thereby … inequalities, but many follow an interior allocation rule previously unaccounted for by the fairness views in the literature. These …
Persistent link: https://www.econbiz.de/10010818526
No abstract.
Persistent link: https://www.econbiz.de/10010611601
We survey the literature on social networks by putting together the economics, sociological and physics/applied mathematics approaches, showing their similarities and differences. We expose, in particular, the two main ways of modeling network formation. While the physics/applied mathematics...
Persistent link: https://www.econbiz.de/10008502564
This paper provides deterministic approximation results for stochastic processes that arise when finite populations recurrently play finite games. The deterministic approximation is defined in continuous time as a system of ordinary differential equations of the type studied in evolutionary game...
Persistent link: https://www.econbiz.de/10005419542
Dynamic decision-making without commitment is usually modelled as a game between the current and future selves of the decision maker. It has been observed that if the time-horizon is infinite, then such games may have multiple subgame-perfect equilibrium solutions. We provide a sufficient...
Persistent link: https://www.econbiz.de/10005645366
No abstract.
Persistent link: https://www.econbiz.de/10010818403
Recent experimental studies suggest that risk aversion is negatively related to cognitive ability. In this paper we … population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able … to generate both negative and positive correlations between risk aversion and cognitive ability. Structural estimation …
Persistent link: https://www.econbiz.de/10010729196
This paper tests the insiders' dilemma hypothesis in a laboratory experiment. The insiders' dilemma means that a … rather than exogenous merger theory. More surprisingly, our data suggests that fairness considerations also make profitable …
Persistent link: https://www.econbiz.de/10005645424
particular the occurrence of bubble-crash pricing patterns. In each session, six subjects trade in three successive market rounds …
Persistent link: https://www.econbiz.de/10005645444
No abstract.
Persistent link: https://www.econbiz.de/10010685074