Similar Search Results

Ambiguity seeking as a result of the status quo bias

Roca, Mercè; Hogarth, Robin; Maule, A. John - Department of Economics and Business, Universitat … - 2005

Several factors affect attitudes toward ambiguity. What happens, however, when people are asked to exchange an …

Persistent link: https://www.econbiz.de/10005704847

Aragonés, Enriqueta; Postlewaite, Andrew - Department of Economics and Business, Universitat … - 1999

We construct a model in which the ambiguity of candidates allows them to increase the number of voters to whom they … that if the number of candidates or parties increases, ambiguity will not be possible in equilibrium, but a larger set of …

Persistent link: https://www.econbiz.de/10005827513

Does risk aversion or attraction depend on income? An experiment

Bosch-Domènech, Antoni; Silvestre, Joaquim - Department of Economics and Business, Universitat … - 1999

Does risk attitude (aversion or attraction) vary with the level of the income at risk? About half of our subjects chose to insure all levels, whereas another half chose instead not to insure low levels, but to insure high levels.

Persistent link: https://www.econbiz.de/10005772015

Tracking the invisible hand: Convergence of double auctions to competitive equilibrium

Bosch-Domènech, Antoni; Sunder, Shyam - Department of Economics and Business, Universitat … - 1996

Economics is the science of want and scarcity. We show that want and scarcity, operating within a simple exchange institution (double auction), are sufficient for an economy consisting of multiple inter--related markets to attain competitive equilibrium (CE). We generalize Gode and Sunder's...

Persistent link: https://www.econbiz.de/10005772469

Risk dominance selects the leader. An experimental analysis

Cabrales, Antonio; Fontes, Walter Garcia; Motta, Massimo - Department of Economics and Business, Universitat … - 1997

Coordination games arise very often in studies of industrial organization and international trade. This type of games has multiple strict equilibria, and therefore the identification of testable predictions is very difficult. We study a vertical product differentiation model with two asymmetric...

Persistent link: https://www.econbiz.de/10005772493

On the tractability of the piecewise-linear approximation for general discrete-choice network revenue management

Kunnumkal, Sumit; Talluri, Kalyan - Department of Economics and Business, Universitat … - 2014

The choice network revenue management (RM) model incorporates customer purchase behavior as customers purchasing products with certain probabilities that are a function of the offered assortment of products, and is the appropriate model for airline and hotel network revenue management, dynamic...

Persistent link: https://www.econbiz.de/10010849604

A process approach to the utility for gambling

Menestrel, Marc Le - Department of Economics and Business, Universitat … - 2001

This paper argues that any specific utility or disutility for gambling must be excluded from expected utility because … such a theory is consequential while a pleasure or displeasure for gambling is a matter of process, not of consequences. A … (dis)utility for gambling is modeled as a process utility which monotonically combines with expected utility restricted to …

Persistent link: https://www.econbiz.de/10005772534

Altruism, equity and reciprocity in a gift-exchange experiment: An encompassing approach

Charness, Gary; Haruvy, Ernan - Department of Economics and Business, Universitat … - 1999

Considerable experimental evidence suggests that non-pecuniary motives must be addressed when modeling behavior in economic contexts. Recent models of non-pecuniary motives can be classified as either altruism- based, equity-based, or reciprocity-based. We estimate and compare leading approaches...

Persistent link: https://www.econbiz.de/10005707975

Attribution and reciprocity in a simulated labor market: An experimental investigation

Charness, Gary - Department of Economics and Business, Universitat … - 1996

on subsequent costly effort provision. An experiment was conducted in which subjects are first randomly divided into …

Persistent link: https://www.econbiz.de/10005707994

Self-serving biases: Evidence from a simulated labor relationship

Charness, Gary; Haruvy, Ernan - Department of Economics and Business, Universitat … - 1999

Previous studies have found evidence of a self-serving bias in bargaining and dispute resolution. We use experimental data to test for this effect in a simulated labor relatonship. We find a consistent discrepancy between employer beliefs and employee actions that can only be attributed to...

Persistent link: https://www.econbiz.de/10005827477