Showing 1 - 10 of 39
participants. Thus they periodically revise their expectations as to the annual results. The experiment shows that the divergence … of expectations does not decrease when investors have more information about the final results. This is the main … heterogeneity of expectations. L'objectif de cette étude est d'observer, d'un point de vue expérimental, la réaction des …
Persistent link: https://www.econbiz.de/10005169008
We elicit subjects' willingness to pay to reduce future risk. In our experiments, subjects are given a cash endowment … of uncertainty in our experiments. In two additional treatments, we control for future uncertainty with a continuation …
Persistent link: https://www.econbiz.de/10004988529
This paper reports on an experimental study of the influence of asymmetric information and information spillovers on bargaining outcomes. It develops and tests Kuhn and Gu (1999) s model of learning in sequential wage negotiations, by means of two Ultimatum Bargaining Games with uncertainty on...
Persistent link: https://www.econbiz.de/10005169010
Children are seldom accounted for in household behavioural models. They are usually assumed to have neither the capacity nor the power to influence the household decision process. The literature on collective models has so far incorporated children through the caring preferences of their parents...
Persistent link: https://www.econbiz.de/10008552858
This paper studies the effect of combining different insurance schemes on the efficiency of consumption smoothing in an environment without commitment. A savings account is introduced into the self-enforcing risk-sharing model of Thomas and Worrall (1988). The risk averse agent's savings play...
Persistent link: https://www.econbiz.de/10005100656
This paper studies a principal-agent relationship in a contractual crime setting. Suppose an agent and a principal sign a contract stipulating some transfer of funds from one player (say the agent) to the next (the principal) contingent on the state of the world announced by the first player. In...
Persistent link: https://www.econbiz.de/10005100773
Recently, a new theoretical framework has been proposed to analyze the behavior of households composed of two adults. This approach, usually referred to has the collective model, assumes that spouses have distinct preferences and that household decisions are Pareto efficient. So far, most...
Persistent link: https://www.econbiz.de/10005101019
Parents care about their children, spend resources on educating them and bequeath them some physical and/or human capital. Here we argue that the actions of the parents have an influence, not only on the productive possibilities open to the children (through the capital they inherit) but also on...
Persistent link: https://www.econbiz.de/10011183762
We combine the choice data of proposers and responders in the ultimatum game, their expectations elicited in the form … smaller impact on decisions of proposers in the ultimatum game, a result due to proposer's subjective expectations about … responders' decisions. The model which uses subjective data on expectations has better predictive power and lower noise level …
Persistent link: https://www.econbiz.de/10005101056
subjective estimates of remaining life expectancy for various groups, evaluate subjective expectations of joint survival and …
Persistent link: https://www.econbiz.de/10011185607