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A man is a key subject of economics. “A man is irrational” - this opinion can be made from Allais paradox, risk …
Persistent link: https://www.econbiz.de/10008794157
We conducted a sensitivity analysis of results in weighted voting experiments by varying the following two features of the protocol by Montero et al. (2008): (a) the way subjects' roles are reassigned in each round (random versus semi-fixed roles) and (b) the number of proposals that subjects...
Persistent link: https://www.econbiz.de/10009372684
during the experiment to test subjects' understanding of relationships between distribution of votes and voting power. The …
Persistent link: https://www.econbiz.de/10008794066
The economic principle of (hidden) uncertainty is presented. New probability formulas are offered. Examples of solutions of three types of fundamental problems are reviewed.
Persistent link: https://www.econbiz.de/10008794343