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Gerber, Anke - Institut für Volkswirtschaftslehre, …

’ payoffs. In a laboratory experiment we investigate whether players (a) learn the game they are playing, (b) learn to predict … show that the success in learning the opponent’s type depends on the characteristics of the true game. The learning success … equilibrium and we observe no correlation between equilibrium play and learning about the game. …

Persistent link: https://www.econbiz.de/10005184880

Happiness Research: State and Prospects

Frey, Bruno S. - Institut für Volkswirtschaftslehre, …

Distortions in memory impose important bounds on rationality but have been largely disregarded in economics. While it is possible to learn, it is more difficult, and sometimes impossible, to unlearn. This retention effect lowers individual utility directly or via reduced productivity, and adds...

Persistent link: https://www.econbiz.de/10005184893

Learning, public good provision, and the information trap

Berentsen, Aleksander; Bruegger, Esther; Loertscher, Simon - Institut für Volkswirtschaftslehre, … - 2008

We consider an economy where decision maker(s) do not know the true production function for a public good. By using Bayes rule they can learn from experience. We show that the economy may learn the truth, but that it may also converge to an inefficient policy where no further inference is...

Persistent link: https://www.econbiz.de/10005585619

War signals: a theory of trade, trust and conflict

Rohner, Dominic; Thoenig, Mathias; Zilibotti, Fabrizio - Institut für Volkswirtschaftslehre, … - 2011

We construct a dynamic theory of civil conflict hinging on inter-ethnic trust and trade. The model economy is inhabitated by two ethnic groups. Inter-ethnic trade requires imperfectly observed bilateral investments and one group has to form beliefs on the average propensity to trade of the other...

Persistent link: https://www.econbiz.de/10008925606

Models

Marti, Maria Saez - Institut für Volkswirtschaftslehre, … - 2010

I construct a theory of cultural transmission in which culture acquisition takes place in two stages, first in the family where parents transmit their own culture, and later in society where children are exposed to a wider set of cultural models. The role of models is to provide information...

Persistent link: https://www.econbiz.de/10008568451

Learning in Repeated Games without Repeating the Game

Leoni, Patrick - Institut für Volkswirtschaftslehre, …

This paper extends the convergence result on Bayesian learning in Kalai and Lehrer (1993a, 1993b) to a class of games …

Persistent link: https://www.econbiz.de/10005627896

Market Power, Survival and Accuracy of Predictions in Financial Markets

Leoni, Patrick - Institut für Volkswirtschaftslehre, …

This paper aims to show that the market selection hypothesis in finance is not solely driven by the competitiveness of such markets, as was originally claimed by Alchian [1] and Friedman [4]. Within a standard intertemporal General Equilibrium framework, we allow for an agent to have enough...

Persistent link: https://www.econbiz.de/10005760924

Job mission as a substitute for monetary incentives: experimental evidence

Cassar, Lea - Institut für Volkswirtschaftslehre, … - 2014

laboratory experiment in which the choice of the job charac- teristics (i.e., the mission) is part of the compensation package …

Persistent link: https://www.econbiz.de/10010941146

Pivotality and responsibility attribution in sequential voting

Bartling, Björn; Fischbacher, Urs; Schudy, Simeon - Institut für Volkswirtschaftslehre, … - 2014

This paper analyzes responsibility attributions for outcomes of collective decision making processes. In particular, we ask if decision makers are blamed for being pivotal if they implement an unpopular outcome in a sequential voting process. We conduct an experimental voting game in which...

Persistent link: https://www.econbiz.de/10011272198

Bad boys: how criminal identity salience affects rule violation

Cohn, Alain; Maréchal, Michel André; Noll, Thomas - Institut für Volkswirtschaftslehre, … - 2013

We conducted an experiment with 182 inmates from a maximum security prison to analyze the impact of criminal identity …. This effect is specific to individuals who have a criminal identity, because an additional placebo experiment shows that …

Persistent link: https://www.econbiz.de/10011277310