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Is Satisficing Absorbable?An Experimental Study

Güth, Werner; Levati, M. Vittoria; Ploner, Matteo - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

We experimentally investigate whether the satisficing approach isabsorbable, i.e., whether it still applies after participants become awareof it. In a setting where an investor decides between a riskless bondand either one or two risky assets, we familiarize participants with thesatisficing...

Persistent link: https://www.econbiz.de/10005866714

Friedman, Harsanyi, Rawls, Boulding - Or Somebody Else?An Experimental Investigation of Distributive Justice

Traub, Stefan; Seidl, Christian; Schmidt, Ulrich; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

This paper investigates distributive justice using a fourfold experimental design:The ignorance and the risk scenarios … became more inequality-averse and one quarterremained unchanged as umpires. In the risk scenario, subjects become onaverage …'shypothesis, the entropy social welfare function, and randomization preferenceenjoyed impressive acceptance. For the risk scenario, the …

Persistent link: https://www.econbiz.de/10005866910

Tax Morale and (De-)Centralization- An Experimental Study

Güth, Werner; Levati, M. Vittoria; Sausgruber, Rupert - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

population size of eachregion. The experiment shows that centralization induces lower taxmorale and less efficient outcomes. The …

Persistent link: https://www.econbiz.de/10005866975

Voluntary contributions with imperfect information:An experimental study

Fiore, Annamaria; Levati, M. Vittoria; Morone, Andrea - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

examine the effect of imperfect information on contributions levels. To assess prior risk attitudes, individual valuations of … clear evidence of risk aversion, and of a negative relationship between the latter and willingness to cooperate. …

Persistent link: https://www.econbiz.de/10005866650

Leading by Words: A Voluntary Contribution ExperimentWith One-Way Communication

Koukoumelis, Anastasios; Levati, M. Vittoria; Weisser, … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

In this paper, we study a voluntary contribution mechanism withone-way communication. The relevance of one person’s words is assessedby assigning exogeniously the role of the ‘communicator’ to onegroup member. Contrary to the view that the mutual exchange ofpromises is necessary for the...

Persistent link: https://www.econbiz.de/10009022164

Leading by example with and without exclusionpower in voluntary contribution experiments

Güth, Werner; Levati, M. Vittoria; Sutter, Matthias; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

We examine the effects of leading by example in voluntary contributionexperiments. Leadership is implemented by letting one group membercontribute to the public good before followers do. Such leadershipincreases contributions in comparison to the standard voluntary contributionmechanism,...

Persistent link: https://www.econbiz.de/10005866642

Satisficing in sales competition: experimental evidence

Berninghaus, Siegfried; Güth, Werner; Levati, M. Vittoria - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

In a stochastic duopoly market, sellers must form state-specific aspirationsexpressing how much they want to earn given their expectationsabout the other's behavior. We define individually and mutually satisficingsales behavior for given individual beliefs and aspiration profiles. In afirst...

Persistent link: https://www.econbiz.de/10005866647

On the Co-evolution of Retribution and Trustworthiness:An (Indirect) Evolutionary and Experimental Analysis

Güth, Werner; Kliemt, Hartmut; Levati, M. Vittoria; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

Standard economic explanations of good conduct in trade rely almostexclusively on future-directed extrinsic motivations induced by materialincentives. But intrinsic motives to behave trustworthy and to punishuntrustworthiness do support trade. In our model, intrinsically motivatedplayers are...

Persistent link: https://www.econbiz.de/10005866698

Fixed investment and capital flows : a real options approach

Chan-Lau, Jorge A. - 1998

Persistent link: https://www.econbiz.de/10000680482

Phillips curves, Phillips lines and the unemployment costs of overheating

Clark, Peter B. - 1997

Persistent link: https://www.econbiz.de/10000961148