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A psychological approach to individual differences in intertemporal consumption patterns

Brandstätter, Hermann; Güth, Werner - 1998

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

Tax liability side equivalence in experimental posted-offer markets

Borck, Rainald; Engelmann, Dirk; Müller, Wieland; … - 2000

In theory, the incidence of a tax should be independent of which side of the market it is levied on. This principle of … equivalence. We find that market outcomes are essentially the same when the tax is levied on sellers as when it is levied on … equivalence. -- Tax Liability ; Posted Offer Market ; Experimental Economics …

Persistent link: https://www.econbiz.de/10009582390

Capacity choices and price competition in experimental markets

Anderhub, Vital; Güth, Werner; Kamecke, Ulrich; … - 2001

In the heterogeneous experimental oligopoly markets of this paper, sellers first choose capacities and then prices. In equilibrium, capacities should correspond to the Cournot prediction. In the experimental data, given capacities, observed price setting behavior is in general consistent with...

Persistent link: https://www.econbiz.de/10009612564

Experimental "beauty contests" with homogeneous and heterogeneous players and with interior and boundary equilibria

Güth, Werner; Kocher, Martin; Sutter, Matthias - 2001

We study behavior in experimental beauty contests with, first, boundary and interior equilibria, and, second, homogeneous and heterogenous types of players. We find quicker and better convergence to the game-theoretic equilibrium with interior equilibria and homogeneous players. -- beauty...

Persistent link: https://www.econbiz.de/10009614296

Simultaneous over- and underconfidence : evidence from experimental asset markets

Maciejovsky, Boris; Kirchler, Erich - 2001

In this paper individual overconfidence within the context of an experimental asset market is investigated. Overall, 72 …

Persistent link: https://www.econbiz.de/10009614297

Fairness in the mail and opportunism in the internet : a newspaper experiment on ultimatum bargaining

Güth, Werner; Schmidt, Carsten; Sutter, Matthias - 2001

On May 11, 2001, readers of the Berliner Zeitung were invited to participate in an ultimatum bargaining experiment … bargaining ; newspaper (or internet) experiment ; distribution conflicts …

Persistent link: https://www.econbiz.de/10009614299

Durable-Goods monopoly with privately known impatience : a theoretical and experimental study

Güth, W. (contributor); Kröger, Sabine (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001919409

On representative trust

Bellemare, Charles (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001919480

The relevance of equal splits : on a behavioral discontinuity in ultimatum games

Güth, Werner; Huck, Steffen; Müller, Wieland - 1998

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

Maximization of empirical Shannon information in testing significant variables of linear model

Malyutov, M.; Sadaka, H. - 1998

Search for an unknown set A,Card(A) = s, of significant variables of a linear model with random IID discrete binary carriers and finitely supported IID noise is studied. Two statistics T1, Ts, based on maximization of Shannon Information (SI) of the corresponding classes of joint empirical...

Persistent link: https://www.econbiz.de/10009574888