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Strong, Bold, and Kind: Self-Control and Cooperation in Social Dilemmas

Kocher, Martin G.; Martinsson, Peter; Myrseth, Kristian … - CESifo - 2013

predicted, we find in a laboratory public goods experiment a robust association between stronger self-control and higher levels …

Persistent link: https://www.econbiz.de/10010639421

Extracting Leading Indicators of Bank Fragility from Market Prices – Estonia Focus

Chen, Yu-Fu; Funke, Michael; Männasoo, Kadri - CESifo - 2006

is to use a plurality of risk scores when assessing bank vulnerability. …

Persistent link: https://www.econbiz.de/10005766008

“Itô’s Lemma“ and the Bellman Equation for Poisson Processes: An Applied View

Sennewald, Ken; Wälde, Klaus - CESifo - 2006

Using the Hamilton-Jacobi-Bellman equation, we derive both a Keynes-Ramsey rule and a closed form solution for an optimal consumption-investment problem with labor income. The utility function is unbounded and uncertainty stems from a Poisson process. Our results can be derived because of the...

Persistent link: https://www.econbiz.de/10005765876

Illusion of Expertise in Portfolio Decisions - An Experimental Approach

Fellner, Gerlinde; Güth, Werner; Maciejovsky, Boris - CESifo - 2001

Overall, 72 subjects invest their endowment in four risky assets. Each com-bination of assets yields the same expected return and variance of returns. Illusion of expertise prevails when one prefers nevertheless the self-selected portfolio. After being randomly assigned to groups of four...

Persistent link: https://www.econbiz.de/10005013059

Asymmetric Obligations

Riedel, Nadine; Schildberg-Hörisch, Hannah - CESifo - 2011

We use a laboratory experiment to investigate the behavioral effects of obligations that are not backed by binding … and asymmetric minimum contribution levels (obligations) in a repeated public goods experiment. The results provide …

Persistent link: https://www.econbiz.de/10009020088

Efficient Coordination in Weakest-Link Games

Riedl, Arno; Rohde, Ingrid M. T.; Strobel, Martin - CESifo - 2011

Existing experimental research on behavior in weakest-link games shows overwhelmingly the inability of people to coordinate on the efficient equilibrium, especially in larger groups. We hypothesize that people will be able to coordinate on efficient outcomes, provided they have sufficient...

Persistent link: https://www.econbiz.de/10009395307

Thanks but No Thanks: A New Policy to Reduce Land Conflict

Dufwenberg, Martin; Köhlin, Gunnar; Martinsson, Peter; … - CESifo - 2014

first, low-cost pass at empirical evaluation, we conduct an experiment among farmers in the Ethiopian highlands, a region …

Persistent link: https://www.econbiz.de/10010790172

Teams Punish Less

Auerswald, Heike; Schmidt, Carsten; Thum, Marcel; … - CESifo - 2013

punishment option and compare it to the behavior of individuals in a laboratory experiment. We also consider different team …

Persistent link: https://www.econbiz.de/10010697224

Heterogeneity in Rent-Seeking Contests with Multiple Stages: Theory and Experimental Evidence

Hörtnagl, Tanja; Kerschbamer, Rudolf; Stracke, Rudi; … - CESifo - 2013

This paper investigates how heterogeneity in contestants’ investment costs affects the competition intensity in a dynamic elimination contest. Theory predicts that the absolute level of investment costs has no effect on the competition intensity in homogeneous interactions. Relative cost...

Persistent link: https://www.econbiz.de/10010701084

Crime and Self-Control Revisited: Disentangling the Effect of Self-Control on Risk and Social Preferences

Friehe, Tim; Schildberg-Hörisch, Hannah - CESifo - 2014

In economic models, risk and social preferences are major determinants of criminal behavior. In criminology, low self … relationship between self-control and both risk and social preferences. To exogenously vary the level of self-control, we use a … well-established experimental manipulation. We find that low self-control causes less risk-averse behavior. The effect of …

Persistent link: https://www.econbiz.de/10010761529