Showing 1 - 10 of 22
private   agents being able to destabilise the exchange rate against the   cooperation of the central banks required by the …
Persistent link: https://www.econbiz.de/10004968330
The paper presents an expository account of several experimentally based descriptive theories of cooperation in …
Persistent link: https://www.econbiz.de/10004968251
makers can choose an individual level of cooperation from a given range of possible actions. In the first condition, a … strategic presentation bias applying these two conditions. Subjects in the West Bank show a substantially higher cooperation …
Persistent link: https://www.econbiz.de/10004968452
This paper introduces a two-sided methodological framework for   studies on cooperation based on a new game design …   decision problem. Decision makers can choose an individual level of cooperation from a   given range of possible actions … bias applying our   framework. Palestinians show a substantially higher cooperation level in the positive externality …
Persistent link: https://www.econbiz.de/10005001495
It is shown that a win-stay, lose-hift behavior rule with endogenous aspiration levels yields cooperation in a certain … prisoner's dilemma and Cournot oligopoly and thus yields an explanation for cooperation and collusion. …
Persistent link: https://www.econbiz.de/10004989619
This paper reports an experiment on a location game, the so-called "Price-Competition on the Circle." There are n … long as no cooperation is observed. …
Persistent link: https://www.econbiz.de/10005032209
This paper introduces a new theoretic entity, a nominalist heuristic, defined as a focus on prominent numbers, indices or ratios. Abstractions used in the evaluation stage of decision making typically involve nominalist heuristics that are incompatible with expected utility theory which excludes...
Persistent link: https://www.econbiz.de/10004964146
The prior paper in this sequel, Pope (2009) introduced the concept of a nominalist heuristic, defined as a focus on prominent numbers, indices or ratios. In this paper the concept is used to show three things in how scientists and practitioners analyse and evaluate to decide (conclude). First,...
Persistent link: https://www.econbiz.de/10004964148
The Paper reports a basic Experiment on the option pricing approach. Each trader with an increasing utility for money …
Persistent link: https://www.econbiz.de/10004968214
This paper reports an option pricing experiment on the binomial model, which has been conducted with professional … traders of financial assets. The experimental results are compared to a corresponding experiment with students. The data show …
Persistent link: https://www.econbiz.de/10004968286