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Who are the Behavioral Economists and what do they say?

Heukelom, Floris - Tinbergen Instituut - 2007

The most important financial source for behavioral economics is the Russell Sage Foundation (RSF). The most prominent … behavioral economists among the RSF’s twenty-six member Behavioral Economics Roundtable (BER) are Kahneman, Tversky, Thaler …, Camerer, Loewenstein, Rabin, and Laibson. The theoretical core of behavioral economics made up of the work of these seven …

Persistent link: https://www.econbiz.de/10011256865

The Origin of Prospect Theory, or Testing the Intuitive Statistician

Heukelom, Floris - Tinbergen Instituut - 2005

The origin of prospect theory is the desire to test the intuitive statistician in the real world. The development of this theory by the cognitive psychologists Kahneman and Tversky can be traced to the formers work in cognitive psychophysics, in which deviations from average behavior are termed...

Persistent link: https://www.econbiz.de/10011256975

Gigerenzer the Decided: A Tale of Difficult Distinctions

Heukelom, Floris - Tinbergen Instituut - 2005

This paper provides an overview of the work of Gigerenzer, thereby focusing on his criticisms of the Heuristics and Biases theory of Kahneman and Tversky. It is proposed that Gigerenzer's work can be both thematically and chronologically organized as: historical research on statistics =...

Persistent link: https://www.econbiz.de/10011257298

The Benefits of Being Economics Professor A (and not Z)

Praag, C. Mirjam van; Praag, Bernard M.S. van - Tinbergen Instituut - 2007

Alphabetic name ordering on multi-authored academic papers_new, which is the convention in theeconomics discipline and various other disciplines, is to the advantage of people whose lastname initials are placed early in the alphabet. As it turns out, Professor A, who has been afirst author more...

Persistent link: https://www.econbiz.de/10011256691

The Golden Age of Nobel Economists

Dalen, Hendrik P. van - Tinbergen Instituut - 1997

Nobel laureates in economics make their most important and creative contributionsbetween the ages of 29 and 38. The … strongly with thedominant trend in economics where multi-authored papers_new have become the rule inpublishing. …

Persistent link: https://www.econbiz.de/10011257405

First Author Determinants: An Empirical Analysis

Praag, Mirjam van; Praag, Bernard M.S. van - Tinbergen Instituut - 2006

This discussion paper resulted in a publication in 'Economica', 2008, 75(300), pages 782-796.<P> Alphabetic name ordering on multi-authored academic papers_new, which is the convention in theeconomics discipline and various other disciplines, is to the advantage of people whose lastname initials...</p>

Persistent link: https://www.econbiz.de/10011257586

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

The Behavioral Impact of Emotions in a Power to take Game: An Experimental Study

Bosman, Ronald; Winden, Frans A.A.M. van - Tinbergen Instituut - 1999

The power to take game is a simple two player game where players arerandomly divided into pairs consisting of a take authority and responder.Both players in each pair have earned an own income in an individual realeffort decision-making experiment preceding the take game. The gameconsists of two...

Persistent link: https://www.econbiz.de/10011255559

Memory, Expectation Formation and Scheduling Choices

Koster, Paul; Peer, Stefanie; Dekker, Thijs - Tinbergen Instituut - 2014

Limited memory capacity, retrieval constraints and anchoring are central to expectation formation processes. We develop a model of adaptive expectations where individuals are able to store only a finite number of past experiences of a stochastic state variable. Retrieval of these experiences is...

Persistent link: https://www.econbiz.de/10011255773

Emotions and Economic Shocks in a First-Price Auction

Bosman, Ronald; Riedl, Arno - Tinbergen Instituut - 2003

We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation between emotions andbidding behavior in a second...

Persistent link: https://www.econbiz.de/10011255774