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Wealth, Poverty and Sustainable Development

Barkin, David - EconWPA - 2005

result, even the more advanced prescriptions of modern environmental economics are incapable of explaining the deepening of …

Persistent link: https://www.econbiz.de/10005118662

The intermingling between cognitive economics and experimental

Novarese, Marco; Rizzello, Salvatore - EconWPA - 2004

The paper discusses the relation between experimental economics and the cognitive approach, after having outlined the … cognitive economics. …

Persistent link: https://www.econbiz.de/10005076658

Market Dynamics in Edgeworth Exchange

Gjerstad, Steven - EconWPA - 2004

Edgeworth exchange is the fundamental general equilibrium model, yet equilibrium predications and theories of price adjustment for this model remain untested. This paper reports an experimental test of Edgeworth exchange which demonstrates that prices and allocations converge sharply to the...

Persistent link: https://www.econbiz.de/10005077054

BIDDING STRATEGIES OF SEQUENTIAL FIRST PRICE AUCTIONS PROGRAMMED BY EXPERIENCED BIDDERS

Neugebauer, Tibor - EconWPA - 2005

This paper considers bidding automata programmed by experienced subjects in sequential first price sealed bid auction experiments. These automata play against each other in computer tournaments. The risk neutral subgame perfect Nash equilibrium strategy of the independent private value model...

Persistent link: https://www.econbiz.de/10005124959

What Citizens Know Depends on How You Ask Them: Experiments on Time, Money and Political Knowledge

Prior, Markus; Lupia, Arthur - EconWPA - 2005

Surveys provide widely cited measures of political knowledge. Do unusual aspects of survey interviews affect these measures? An experiment on a nationally representative sample of over 1200 Americans provides an answer. Respondents are randomly assigned to one of four groups. A control group...

Persistent link: https://www.econbiz.de/10005125560

Perfect versus imperfect observability---An experimental test of Bagwell's result

Huck, Steffen; Mueller, Wieland - EconWPA - 1998

In a seminal paper Bagwell (1995) claims that the first mover advantage, i.e. the strategic benefit of committing oneself to an action before others can do, vanishes completely if this action is only imperfectly observed by second movers. In our paper we report on an experimental test of this...

Persistent link: https://www.econbiz.de/10005125567

Individual learning and team functioning

Novarese, Marco - EconWPA - 2004

to Economics. The empirical analysis starts from some general hypothesis but has mainly a descriptive purpose. Results …

Persistent link: https://www.econbiz.de/10005125572

Toward a Cognitive Experimental Economics

Novarese, Marco - EconWPA - 2002

the adoption of a cognitive approach in Economics. Many differences arise in relation to a more traditional way. In fact … cognitive economics has strong descriptive attention and aims at beeing closer to reality than the mainstream. Besides the idea …. The paper proposes also some notes on the relation between experimental economics and simulation with artificial agents. …

Persistent link: https://www.econbiz.de/10005125579

The Effect of an Additional Alternative on Measured Risk Preferences in a Field Experiment

Engle-Warnick, Jim; Escobal, Javier; Laszlo, Sonia - EconWPA - 2005

We experimentally test for the effect of an additional alternative on the measured risk preferences of farmers in rural Peru. In our experiment, subjects revealed their risk preferences with a series of choices between two gambles. We added a third gamble, which was always dominated by one of...

Persistent link: https://www.econbiz.de/10005125586

The Weakest Link - A Field Experiment in Rational Decision Making

Haan, Marco; Los, Bart; Riyanto, Yohanes; Geest, Martin van - EconWPA - 2002

We analyze the BBC TV game show "The Weakest Link", using data from 77 episodes, covering 13,380 questions. We focus on the banking decision, where a contestant chooses to secure an amount of money for the eventual winner, or to risk it on a general knowledge question. In the latter case, should...

Persistent link: https://www.econbiz.de/10005125587