Showing 1 - 10 of 14
In this contribution, we investigate the effects of observation-only and observation with feedback from a third-party, in a one-shot dictator game (DG). In addition to a baseline condition (DG), a third-party anonymous subject is introduced who either silently observes or observes and gives...
Persistent link: https://www.econbiz.de/10010933141
This article studies the joint determination of beliefs about the economic impact of immigration and immigration policy … results stress the important role of the endogenous determination of beliefs, which appears as a major determinant of policy … preferences. Moreover, media exposure appears as a key determinant of beliefs: individuals who spend more time to get informed on …
Persistent link: https://www.econbiz.de/10010929997
given set of beliefs and remains optimal when these beliefs are changed, then the set of optimal allocations of the two … economies must actually coincide. We identify equivalence classes of beliefs giving rise to the same set of Pareto optimal …
Persistent link: https://www.econbiz.de/10010750634
players realize that their own actions modify their opponent's beliefs and actions, they might play certain actions to this … their beliefs in order to take account of the reaction of their opponents to their own action. Second, we examine if players …
Persistent link: https://www.econbiz.de/10010750958
know whether the decision maker has wrong beliefs and whether it matters or not, that it makes it possible to better model …
Persistent link: https://www.econbiz.de/10010738628
The aim of the paper is to analyze the impact of heterogeneous beliefs in an otherwise standard competitive complete … consumer to investigate the impact of beliefs heterogeneity on the CCAPM and on the expression of the risk free rate. We focus …
Persistent link: https://www.econbiz.de/10008788886
In this paper, we reconsider Ludwig von Mises and Friedrich Hayek's theories of business cycles in the light of their methodological approach. In the first part, we clarify Mises and Hayek's methodological frameworks in order to provide a better understanding of their programmatic approach of...
Persistent link: https://www.econbiz.de/10008790672
The purpose of this contribution is to investigate the problem of the room attributed to individual economic rationality by circulation approaches. Our investigation will not privilege however the modern contributions of this approach but will instead utilize the works of some economists of the...
Persistent link: https://www.econbiz.de/10008790813
This book surveys how economists engage with knowledge and beliefs in various fields of economic analysis, such as … perspective on the meaning, as well as the role, of knowledge and beliefs in economics in the future. Possible lines of future … action are discussed.A platform for future research and investigation into the role of knowledge and beliefs in economics …
Persistent link: https://www.econbiz.de/10008791568
This article analyses belief updating when agents receive a signal that restricts the number of possible states of the world. We create an experiment on individual choice under uncertainty. In this experiment, the subject observes an urn, containing yellow and blue balls, whose composition is...
Persistent link: https://www.econbiz.de/10008792025