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hypothetical choices among different consumption streams to infer intertemporal substitution elasticities and rates of time …
Persistent link: https://www.econbiz.de/10011092021
Abstract This paper selectively surveys some of the more prominent laboratory experimental studies on asset market behavior. The strands of literature considered are market microstructure, pari-mutuel betting markets, characteristics of participants, the effect of information release, and...
Persistent link: https://www.econbiz.de/10011090526
Results are reported of a laboratory experiment aimed at examining whether strategic substitutability and strategic complementarity have an impact on the tendency to cooperate in two-player dominancesolvable games with a Pareto-inefficient Nash equilibrium.We find that there is significantly...
Persistent link: https://www.econbiz.de/10011092089
We use experiments to compare two institutions for allocating the proceeds of team production.Under revenue …
Persistent link: https://www.econbiz.de/10011092321
present and discuss a set of experiments designed to test the effect of different monetary compensations on performance. In … our experiments we find that whenever money is offered, a larger amount yields a higher performance. It is not true … different set of experiments we test subjects who, acting as principals, have to provide the appropriate incentive to agents. We …
Persistent link: https://www.econbiz.de/10011092590
Persistent link: https://www.econbiz.de/10011090836
We shed light on the Hartwick rule for capital accumulation and resource depletion by providing semantic clarifications and investigating the implications and relevance of this rule.We extend earlier results by establishing that the Hartwick rule does not indicate sustainability and does not...
Persistent link: https://www.econbiz.de/10011091546
points. We perform several numerical experiments with deterministic and random simulations, to compare (1) the classic EGO … experiments (1) EGO with intrinsic<br/>Kriging outperforms classic EGO; (2) there is no significant difference between the classic …
Persistent link: https://www.econbiz.de/10011144433
Input/Output (I/O) data. Statistical theory proves that more information is obtained when applying Design Of Experiments …
Persistent link: https://www.econbiz.de/10011092593
Abstract: This chapter first summarizes Response Surface Methodology (RSM), which started with Box and Wilson’s article in 1951 on RSM for real, non-simulated systems. RSM is a stepwise heuristic that uses first-order polynomials to approximate the response surface locally. An estimated...
Persistent link: https://www.econbiz.de/10011092681