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Uncertainty and Disagreement in Forecasting Inflation : Evidence from the Laboratory (Replaced by CentER DP 2012-072)
Pfajfar, Damjan; Zakelj, B. - Tilburg University, Center for Economic Research - 2011
We establish several stylized facts about the behavior of individual uncertainty and disagreement between individuals when forecasting inflation in the laboratory. Subjects correctly perceive the underlying inflation uncertainty in only 60% of cases, which can be interpreted as the...
Persistent link: https://www.econbiz.de/10011090681
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Emotional reactions to the outcomes of decisions : The role of counterfactual thought in the experience of regret and disappointment
Zeelenberg, M.; van Dijk, W.W.; van der Pligt, J.; … - Tilburg University, Center for Economic Research - 1998
Persistent link: https://www.econbiz.de/10011091278
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Rational Choice and the Relevance of Irrelevant Alternatives
Seidl, C.; Traub, S. - Tilburg University, Center for Economic Research - 1996
This experimental study investigates the inuence of irrelevant or phantom al- ternatives on subjects' choices in sequential decision making. Using experimental data from 45 subjects, we found that irrelevant alternatives bear significant rele- vance for decision making. We observe that only 38%...
Persistent link: https://www.econbiz.de/10011091379
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Reconsidering the relation between regret and responsibility
Zeelenberg, M.; van Dijk, W.W.; Manstead, J. - Tilburg University, Center for Economic Research - 1998
Persistent link: https://www.econbiz.de/10011091529
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Testing Decision Rules for Multiattribute Decision Making
Seidl, C.; Traub, S. - Tilburg University, Center for Economic Research - 1996
rule. Our data suggest, however, rejection of the prominence hypothesis and of the maximax rule. Thus, our experiment sheds …
Persistent link: https://www.econbiz.de/10011091881
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Uncertainty and Disagreement in Forecasting Inflation : Evidence from the Laboratory (Revised version of CentER DP 2011-053)
Pfajfar, Damjan; Zakelj, B. - Tilburg University, Center for Economic Research - 2012
Abstract: This paper compares the behavior of subjects' uncertainty in different monetary policy environments when forecasting inflation in the laboratory. We find that inflation targeting produces lower uncertainty and higher accuracy of interval forecasts than inflation forecast targeting. We...
Persistent link: https://www.econbiz.de/10011091914
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Economic Hedging Portfolios
Werker, Bas J.M.; van den Goorbergh, R.W.J.; de Roon, F.A. - Tilburg University, Center for Economic Research - 2003
-weighted approximate replication of the economic risk variables using the investment opportunity set, as opposed to the unweighted hedging …, we show that agents economic hedging portfolios can be obtained by an intuitively appealing, risk aversion … demand obtained in the traditional mean-variance framework.We find that agents across a broad range of levels of risk …
Persistent link: https://www.econbiz.de/10011091561
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Myopic Loss Aversion : Information Feedback vs. Investment Flexibility
Bellemare, C.; Krause, M.; Kroger, S.; Zhang, C. - Tilburg University, Center for Economic Research - 2004
We experimentally disentangle the effect of information feedback from the effect of investment flexibility on the … investment behavior of a myopically loss averse investor.Our findings show that varying the information condition alone suffices …
Persistent link: https://www.econbiz.de/10011091408
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Information Mirages and Financial Contagion in Asset Market Experiment
Noussair, Charles; Xu, Yilong - Tilburg University, Center for Economic Research - 2014
We study financial contagion in an experimental market. There are two assets and an exogenous shock reduces the value of one of the two assets. Whether and how the other asset is affected depends on the correlation between the underlying values of the two assets. In some trials, the...
Persistent link: https://www.econbiz.de/10011144444
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Ignorance is not always Bliss : Feedback and Dynamics in Public Good Experiments
Suetens, Sigrid; Bigoni, M. - Tilburg University, Center for Economic Research - 2010
In this paper we study the effects of providing additional feedback about individual contributions and earnings on the dynamics of contributions in a repeated public good game. We include treatments where subjects can freely choose whether to obtain additional information about individual...
Persistent link: https://www.econbiz.de/10011090656