Showing 1 - 10 of 54
We use a laboratory gift-exchange game to examine decisions made by groups under three different procedures that dictate how group members interact and reach decisions in comparison to individuals acting alone. We find that group decisions do deviate from those of individuals, but the direction...
Persistent link: https://www.econbiz.de/10005822671
In this paper I use a unique data set from Nicaragua to asses the behavior of persons who send money back home. I estimate a heteroskedastic Tobit with a known form of variance to estimate the correlation of the remitting decisions of migrants. Working, residing in a developed country and...
Persistent link: https://www.econbiz.de/10005763450
Players cooperate in experiments more than game theory would predict. In order to explain this, we introduce the 'returns-based beliefs' approach: the expected returns of a particular strategy in proportion to the total expected returns of all strategies. Using a decision analytic solution...
Persistent link: https://www.econbiz.de/10010558691
practices between schools. Tentative analyses also indicate that counselors reduce students' uncertainty about their own … individual preferences at least to the same extent as uncertainty about objective measures such as employment prospects. …
Persistent link: https://www.econbiz.de/10010884073
with the hypothesis that illegal immigrants are risk-averse agents who transfer more money to their home country as a … mechanism to insure themselves against higher degrees of uncertainty within their host countries. Furthermore, this finding …
Persistent link: https://www.econbiz.de/10011279245
In this paper we try to understand the phenomena whereby a large proportion of the population evades tax payments. We present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and analyze the connection between the decision of a...
Persistent link: https://www.econbiz.de/10005039642
variability in returns to schooling is forecastable. This has important implications for using measured variability to price risk …
Persistent link: https://www.econbiz.de/10005822068
Although economic agents routinely face various types of economic uncertainty, their effects are often unclear and hard … to assess, in part due to the absence of suitable measures of uncertainty. Because of the numerous and very substantial … their periods of uncertainty, moreover, these countries have experienced sharply falling fertility rates. Some have argued …
Persistent link: https://www.econbiz.de/10005822407
earnings variability are due to uncertainty and which components are due to components of human diversity that are forecastable …
Persistent link: https://www.econbiz.de/10005822493
Optimal layoff rules in closed form are derived for all workers in a firm that downsizes under uncertainty and faces … aircraft building company that went bankrupt in 1996 shows that workers with high uncertainty associated with higher than …
Persistent link: https://www.econbiz.de/10005822776