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The local power of some unit root tests for panel data
Breitung, Jörg - 1999
do not require a bias correction. The results of a Monte Carlo experiment suggest that avoiding the bias can improve the … (1993) and Im, Pesaran and Shin (1997) suggest bias adjusted t-statistics. Such corrections are necessary to account for the … affected by two different terms. The first term represents the asymptotic effect on the bias due the detrending method and the …
Persistent link: https://www.econbiz.de/10009581103
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Measurement error, biases, and the validation of complex models
Carroll, Raymond J.; Galindo, Christian D. - 1997
There are three major points to this article: 1. Measurement error causes biases in regression fits. The line one would obtain if one could accurately measure exposure to environmental lead media will differ in important ways when one measures exposure with error. 2. The effects of measurement...
Persistent link: https://www.econbiz.de/10009631751
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Retributive responses
Güth, Werner; Kliemt, Hartmut; Ockenfels, Axel - 2001
Retributive responses do play a role in human behavior. Whether they are primarily triggered by supposed intentions or by observed consequences of actions is an important question. It can be addressed by experimental studies of retributive responses in situations in which the individual actor...
Persistent link: https://www.econbiz.de/10009612563
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Fairness versus efficiency : an experimental study of (mutual) gift giving
Güth, Werner; Kliemt, Hartmut; Ockenfels, Axel - 2000
provision games. In our experiment participants can increase efficiency by gift giving at the cost of reducing their own …
Persistent link: https://www.econbiz.de/10009612570
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Limited depth of reasoning and failure of cascade formation in the laboratory
Kübler, Dorothea; Weizsäcker, Georg - 2000
player can obtain a signal for free (as in the experiment by Anderson and Holt, 1997, American Economic Review), the case of …
Persistent link: https://www.econbiz.de/10009612571
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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
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Presents or investments? : an experimental analysis
Genîzî, Ûrî; Güth, Werner; Verboven, Frank - 1998
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 distributional intentions. Our experiment essentially modifies Berg et al …
Persistent link: https://www.econbiz.de/10009578011
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How accurate do markets predict the outcome of an event? : the Euro 2000 soccer championships experiment
Schmidt, Carsten; Werwatz, Axel - 2002 - Rev.
For the Euro 2000 Soccer Championships an experimental asset market was condueted, with traders buying and selling contracts on the winners of individual matches. Market-generated probabilities are compared to professional bet quotas, and factors that are responsible for the quality of the...
Persistent link: https://www.econbiz.de/10009621415
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Intuitive optimizing for time allocation decisions in newly formed ventures
Lévesque, Moren; Schade, Christian D. - 2002
experiment where respondents have to detect corner solutions, that is, they should allocate to the venture either the maximum or … Allocation Strategy ; Entrepreneurship ; Questionnaire Experiment …
Persistent link: https://www.econbiz.de/10009621420
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Low-probability insurance decisions : the role of concern
Schade, Christian D.; Kunreuther, Howard; Kaas, Klaus Peter - 2002
On the basis of a real high stakes insurance experiment with small probabilities of losses, we demonstrate that concern … coverage, a result we are able to replicate. In our experiment, belonging to either the group of "threshold persons" or to …
Persistent link: https://www.econbiz.de/10009621421