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Self-Confidence and Strategic Deterrence
Charness, Gary; Rustichini, Aldo; Ven, Jeroen van de - Tinbergen Instituut - 2011
We examine factors that may contribute to 'overconfidence' in relative ability on an intelligence test. We test experimentally for evidence of self-esteem concerns and instrumental strategic concerns. Errors in Bayesian updating are rare when the information does not involve own relative...
Persistent link: https://www.econbiz.de/10011255502
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What can the Big Five Personality Factors contribute to explain Small-Scale Economic Behavior?
Muller, Julia; Schwieren, Christiane - Tinbergen Instituut - 2012
Growing interest in using personality variables in economic research leads to the question whether personality as measured by psychology is useful to predict economic behavior. Is it reasonable to expect values on personality scales to be predictive of behavior in economic games? It is undoubted...
Persistent link: https://www.econbiz.de/10011256055
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Strategies and Evolution in the Minority Game: A Multi- Round Strategy Experiment
Linde, Jona; Sonnemans, Joep; Tuinstra, Jan - Tinbergen Instituut - 2013
This discussion paper resulted in a publication in <I>Games and Economic Behavior</I> (2014). Volume 86, pages 77-95.<P> Minority games are a stylized description of strategic situations with both coordination and competition. These games are widely studied using either simulations or laboratory...</p></i>
Persistent link: https://www.econbiz.de/10011256405
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A Dynamic Model of Investor Decision-Making: How Adaptation to Losses affects Future Selling Decisions
Lee, Carmen; Kraeussl, Roman; Lucas, André; Paas, … - Tinbergen Instituut - 2008
We conduct an experiment to test whether the size of a loss and the time in a losing position affect investors’ adaptation to the loss situation and, subsequently, whether this adaptation affects future investment decisions. As investors adapt to losses, their neutral reference point shifts...
Persistent link: https://www.econbiz.de/10011257429
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The Impact of Losing in a Competition on the Willingness to seek Further Challenges
Buser, Thomas - Tinbergen Instituut - 2014
How do people react to setbacks and successes? I introduce a new measure of challenge-seeking to determine the effect of winning and losing in a competition on the willingness to seek further challenges. Participants in a lab experiment compete in two-person tournaments and are then informed of...
Persistent link: https://www.econbiz.de/10011257541
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The Economics of Altruistic Punishment and the Demise of Cooperation
Egas, Martijn; Riedl, Arno - Tinbergen Instituut - 2005
Explaining the evolution and maintenance of cooperation among unrelated individuals is one of the fundamental problems … mechanism to maintain cooperation among humans. In this paper we explore the boundary conditions for altruistic punishment to … maintain cooperation by systematically varying the cost and impact of punishment, using a subject pool which extends beyond the …
Persistent link: https://www.econbiz.de/10011255768
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Social Ties in a Public Good Experiment
Dijk, Frans van; Sonnemans, Joep; Winden, Frans van - Tinbergen Instituut - 1996
The formation of social ties is examined in an experimental study of voluntary public good provision. The experiment consists of three parts. In the first part the value orientation (attitude to a generalized other) ismeasured. In the second part couples play 25 periods of a public good game. In...
Persistent link: https://www.econbiz.de/10011256082
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Superstars need Social Benefits: An Experiment on Network Formation
Leeuwen, Boris van; Offerman, Theo; Schram, Arthur - Tinbergen Instituut - 2013
We investigate contributions to the provision of public goods on a network when efficient provision requires the formation of a star network. We provide a theoretical analysis and study behavior in a controlled laboratory experiment. In a 2x2 design, we examine the effects of group size and the...
Persistent link: https://www.econbiz.de/10011256512
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Does Stake Size matter for Cooperation and Punishment?
Kocher, Martin G.; Martinsson, Peter; Visser, Martine - Tinbergen Instituut - 2006
The effects of stake size on cooperation and punishment are investigated using a public goods experiment. We find that … an increase in stake size does neither significantly affect cooperation nor, interestingly, the level of punishment. …
Persistent link: https://www.econbiz.de/10011257415
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Group Formation in a Public Good Experiment
Sonnemans, Joep H.; Dijk, Frans van; Winden, Frans … - Tinbergen Instituut - 1999
Economic behavior often takes place in groups of small numbers of peopleinteracting with each other (like work teams, neighborhoods, socialnetworks, etc.). Characteristic of such interaction is the development of(affective) interpersonal relationships, or social ties. According tosociologists,...
Persistent link: https://www.econbiz.de/10011257581