Showing 1 - 10 of 63
In this paper we present an experiment on the false consensus effect. Unlike previous experiments, we provide monetary … provide information about other subjects' choices. There we find no false consensus effect. At an aggregate level, subjects … not provide information. …
Persistent link: https://www.econbiz.de/10009581106
A model is developed to understand how norms can be influenced by "norm entrepreneurs", e.g. lawmakers, government … introduced (e.g. fines or subsidies imposed by government agencies) to violate existing norms or follow a new code of behavior … different types of norms. -- social norms ; regulation ; conformity …
Persistent link: https://www.econbiz.de/10009583884
The findings on the ultimatum game are considered as belonging to the most robust experimental results. In this paper we present a slightly altered version of the mini ultimatum game of Bolton and Zwick (1995). Whereas in the latter exactly equal splits were feasible in our games these were...
Persistent link: https://www.econbiz.de/10009574884
carriers and finitely supported IID noise is studied. Two statistics T1, Ts, based on maximization of Shannon Information (SI … of given cardinality and the output sequence. Here N is the number of experiments and t is the total number of variables …. Both statistics are shown to be asymptotically as efficient as the ML-test for the corresponding classes of joint empirical …
Persistent link: https://www.econbiz.de/10009574888
When people decide about saving and consumption across the various periods of their life time they take into account their life expectancy when comparing present and future needs and resources for satisfying them. The experimental design, applied at two sites (Humboldt-University at Berlin and...
Persistent link: https://www.econbiz.de/10009578010
Individuals frequently transfer commodities without an explicit contract or an implicit enforcement mechanism. We design an experiment to study whether such commodity transfers can be viewed as investments based on trust and reciprocity, or whether they rather resemble presents with...
Persistent link: https://www.econbiz.de/10009578011
One of the long-standing puzzles in economics is why wages do not fall sufficiently in recessions so as to avoid increases in unemployment. Put differently, if the competitive market wage declines, why don’t employers simply force their employees to accept lower wages as well? As an...
Persistent link: https://www.econbiz.de/10009578579
In standard rational choice modelling decisions are made according to given information and preferences. In the model … presented here the 'information technology' of individual decision makers as well as their preferences evolve in a dynamic …
Persistent link: https://www.econbiz.de/10009578580
We investigate simultaneous and sequential price competition in duopoly markets with differentiated products. In both markets symmetric firms are repeatedly and randomly matched. The strategy method is used to elicit behavior in the sequential market. We find that average leader prices in the...
Persistent link: https://www.econbiz.de/10009617949
Similar to Levati and Neugebauer (2001), a clock is used by which participants can vary their individual contributions for voluntarily providing a public good. As time goes by, participants either in(de)crease their contribution gradually or keep it constant. Groups of two poorly and two richly...
Persistent link: https://www.econbiz.de/10009620765