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Framing effects on asset markets : an experimental analysis

Kirchler, Erich; Maciejovsky, Boris; Weber, Martin - 2001

In this paper we investigate four hypotheses which are inconsistent with expected utility theory, but may well be … explained by prospect theory. It deals with framing, the non-linearity of subjective probabilities, the disposition effect, and …) found little correspondence between different experimental risk elicitation methods. -- Prospect Theory ; Framing …

Persistent link: https://www.econbiz.de/10009613618

A note on the E-mail game : bounded rationality and induction

Dulleck, Uwe - 1997

In Rubinstein's (1989) E-mail game there exists no Nash equilibrium where players use strategies that condition on the E-mail communication. In this paper I restrict the utilizable information for one player. I show that in contrast to Rubinstein's result, in a payoff dominant Nash equilibrium...

Persistent link: https://www.econbiz.de/10009657893

How ultimatum offers emerge : a study in bounded rationality

Güth, Werner - 2000

The general framework of decision emergence (Güth, 2000a) is applied to the specific decision task of a proposer in ultimatum bargaining, i.e. to choosing how much the responder should be offered. For this purpose the "Master Module" as well as its submodules "New Problem Solver", "Adaptation...

Persistent link: https://www.econbiz.de/10009583892

Robust learning experiments : evidence for learning and deliberation

Güth, Werner - 2000

Robust learning experiments confront participants with structurally different decision environments which they encounter, furthermore, repeatedly. Since the decision format does not depend on the rules (of game), forward looking deliberation (the shadow of the future) can be detected by...

Persistent link: https://www.econbiz.de/10009612041

From full to bounded rationality : the limits of unlimited rationality

Güth, Werner; Kliemt, Hartmut - 2001

of boundedly rational individuals. In view of such a causal role of theories we discuss how advice of a theory of …

Persistent link: https://www.econbiz.de/10009612562

Nonparametric specification testing for continuous-time models with application to spot interest rates

Hong, Yongmiao; Li, Haitao - 2002

We propose two nonparametric transition density-based speciÞcation tests for continuous-time diffusion models. In contrast to marginal density as used in the literature, transition density can capture the full dynamics of a diffusion process, and in particular, can distinguish processes with...

Persistent link: https://www.econbiz.de/10009621413

Internet based econometric computing

Härdle, Wolfgang; Horowitz, Joel - 1998

Modern econometrics requires implementation of highly specialized software. In contrast to mathematical arguments used in implementing new econometric techniques the corresponding software algorithms require specific platforms. The specialization of hardware and software, in fact, seriously...

Persistent link: https://www.econbiz.de/10009578024

Component leasing on the World Wide Web

Jacobsen, Hans-Arno; Riessen, G.; Günther, Oliver - 1999

MMM is an infrastructure for managing the deployment and use of distributed application services on the WWW. MMM propagates a paradigm that enables the leasing of software components, as opposed to the classical software licensing model Applications reside and execute on the software provider's...

Persistent link: https://www.econbiz.de/10009580470

Neoclassical convergence versus technological catch-up : a contribution for reaching a consensus

Desdoigts, Alain - 2000

world income distribution dynamics. Formal statistical hypothesis tests allow us to discriminate between two competing … contributes to the polarization of the world income distribution. -- economic growth ; neoclassical convergence ; technological …

Persistent link: https://www.econbiz.de/10009583880

Growth regression and counterfactual income dynamics

Desdoigts, Alain - 2000

Persistent link: https://www.econbiz.de/10009611551