Showing 1 - 10 of 174
-making experiment preceding the take game. The gameconsists of two stages. In the first stage, the take authority decides howmuch income … punishment behavior. (3) Thereare discontinuous “jumps” in the behavior of responders. They either chooseno punishment (destroy … nothing) or the highest level of punishment (destroyeverything). (4) Expectations have a significant effect on the …
Persistent link: https://www.econbiz.de/10011255559
risky choices is explored in an experiment in which participants make a series of choices between lotteries with only … between. This result is in opposition to the predictions of prospect theory extrapolated to a social context. …
Persistent link: https://www.econbiz.de/10011255676
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
This discussion paper resulted in an article in the 'Journal of Economic Behavior & Organization' (2014). Volume 108, pages 224-235.<P> In criminal cases judges evaluate and combine probabilistic evidence to reach verdicts. Unavoidably, errors are made, resulting in unwarranted conviction or...</p>
Persistent link: https://www.econbiz.de/10011256001
dictator game. In our experiment teams are more selfish than individuals, and the most selfish team member has the strongest …
Persistent link: https://www.econbiz.de/10011256730
We experimentally study the relationship between other-regarding preferences, group identity and political participation. In doing so, we propose a novel group identity induction procedure that succeeds in creating environments where in-group bias is either high or low. At the individual level,...
Persistent link: https://www.econbiz.de/10011256817
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
laboratory experiment solve a simple arithmetics task first under a piece rate and then under a competitive tournament scheme …
Persistent link: https://www.econbiz.de/10011255599
This discussion paper led to a publication in the 'European Economic Review' (2013). Vol. 61, pp. 186-204.<P> Rational Expectations (RE) models have two crucial dimensions: 1) agents correctly forecast future prices given all available information, and 2) given expectations, agents solve...</p>
Persistent link: https://www.econbiz.de/10011256912
The way in which individual expectations shape aggregate macroeconomic variables is crucial for the transmission and effectiveness of monetary policy. We study the individual expectations formation process and the interaction with monetary policy, within a standard New Keynesian model, by means...
Persistent link: https://www.econbiz.de/10011257145