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Expectations as Reference Points: Field Evidence from Experienced Subjects in a Competitive, High-Stakes Environment
Bartling, Björn; Brandes, Leif; Schunk, Daniel - CESifo - 2012
We show that professional soccer players exhibit reference-dependent behavior during matches. Controlling for the state of the match and for unobserved heterogeneity, we show on a minute-by-minute basis that a player breaches the rules of the game, measured by the referee’s assignment of...
Persistent link: https://www.econbiz.de/10010551016
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Reference Points and Effort Provision
Abeler, Johannes; Falk, Armin; Götte, Lorenz; Huffman, … - CESifo - 2009
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …, we manipulate the rational expectations of subjects and check whether this manipulation influences their effort provision …-based reference-dependent preferences: if expectations are high, subjects work longer and earn more money than if expectations are low. …
Persistent link: https://www.econbiz.de/10005051581
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Macroeconomic Fluctuations in a Stylized DSGE Model with Disequilibrium Dynamics
Aarle, Bas van - CESifo - 2012
This study develops a stylised DSGE model, that departs in one aspect: it replaces the general equilibrium approach by disequilibrium economics. In this way, richer macroeconomic adjustment dynamics result, as it is not necessary to assume that goods and labour markets continuously clear. The...
Persistent link: https://www.econbiz.de/10010877936
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Construction of Composite Business Cycle Indicators in a Sparse Data Environment
Abberger, Klaus; Nierhaus, Wolfgang - CESifo - 2011
Business cycle indicators are important instruments for monitoring economic development. When employing indicators one usually relies on a sound statistical database. This paper deals with indicator development in a sparse data situation. Indicator building is merged with temporal...
Persistent link: https://www.econbiz.de/10009278135
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Markov-Switching and the Ifo Business Climate: The Ifo Business Cycle Traffic Lights
Abberger, Klaus; Nierhaus, Wolfgang - CESifo - 2010
Business cycle indicators are used to assess the economic situation of countries or regions. They are closely watched by the public, but are not easy to interpret. Does a current movement of the indicator signal a turning point or not? With the help of Markov Switching Models movements of...
Persistent link: https://www.econbiz.de/10008583715
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The Ifo Business Cycle Clock: Circular Correlation with the Real GDP
Abberger, Klaus; Nierhaus, Wolfgang - CESifo - 2010
between the two components of the business climate – business situation and business expectations – was graphically portrayed …
Persistent link: https://www.econbiz.de/10008671712
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Health Club Attendance, Expectations and Self-control
Garin, Jean-Denis; Masse, Alix; Michaud, Pierre-Carl - CESifo - 2014
once we use subjective expectations of the number of visits per week at the time of contract choice. Next, we study how …
Persistent link: https://www.econbiz.de/10010877917
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Reciprocity and Emotions: Arousal, Self-Reports, and Expectations
Ben-Shakhar, Gershon; Bornstein, Gary; Hopfensitz, Astrid; … - CESifo - 2004
-report measures were related to destruction decisions and expectations. The pattern of emotional arousal and its correlation with self …
Persistent link: https://www.econbiz.de/10005766252
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Reciprocity and Emotions when Reciprocators Know each other
Reuben, Ernesto; Winden, Frans van - CESifo - 2006
This is an experimental study of a three-player power-to-take game where a take authority is matched with two responders. The game consists of two stages. In the first stage, the take authority decides how much of the endowment of each responder that is left after the second stage will be...
Persistent link: https://www.econbiz.de/10005181255
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The Behavioral Impact of Emotions in a Power-to-Take Game: An Experimental Study
Bosman, Ronald; Winden, Frans van - CESifo - 2000
) Expectations have a significant effect on the probability of punishment but not on the intensity of experienced emotion. This last …
Persistent link: https://www.econbiz.de/10005181557