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Product Pricing when Demand Follows a Rule of Thumb

Matzke, Christina; Wirth, Benedikt - University of Bonn, Germany - 2009

-loop system. We derive a Nash equilibrium and examine the influence of advertising. We show for the monopoly case that a reduction …

Persistent link: https://www.econbiz.de/10004968453

RatDemo - A Ready-to-Run Experiment in 99 Program Lines

Abbink, Klaus; Sadrieh, Abdolkarim - University of Bonn, Germany - 1996

computerized human behavior experiments. The complete source code of this short experiment program is listed and briefly discussed …

Persistent link: https://www.econbiz.de/10004968250

RatImage 3.30

Abbink, Klaus; Sadrieh, Abdolkarim - University of Bonn, Germany - 1997

This paper reports on RatImage, version 3.30. The extended features are presented. RatImage 3.30 is fully downward compatible to the first published version of the Research Assistance Toolbox for Computer-Aided Human Behaivor experiments, RatImage 3.10. This paper is an addendum to the manula of...

Persistent link: https://www.econbiz.de/10004968255

Herding and Contrarian Behavior in Financial Markets - An Internet Experiment

Drehmann, Mathias; Oechssler, Jörg; Roider, Andreas - University of Bonn, Germany - 2002

We report results of an internet experiment designed to test the theory of informational cascades in financial markets … consulting firm, participated in the experiment. As predicted by theory, we find that the presence of a flexible market price …

Persistent link: https://www.econbiz.de/10004968423

RatImage - research Assistance Toolbox for Computer-Aided Human Behavior Experiments

Abbink, Klaus; Sadrieh, Abdolkarim - University of Bonn, Germany - 1995

This paper reports on RatImage, a toolbox specifically developed to simplify the programming of software used in computerized human behavior experiments. RatImage contains Borland Turbo Pascal constans, variables, functions, and procedures which, when used, relieve programmers of many tedious...

Persistent link: https://www.econbiz.de/10005032179

Do You Know That I Am Biased? An Experiment

Ludwig, Sandra; Nafziger, Julia - University of Bonn, Germany - 2007

This experiment explores whether individuals know that other people are biased. We confirm that overestimation of … subjects' inability to distinguish between random mistakes and a real bias. Second, we show how the relation between a subject …. Third, we identify a self-serving bias when comparing how a subject evaluates his own and other people's biases. …

Persistent link: https://www.econbiz.de/10004968372

Symmetrized nearest neighbour regression estimates

Carrol, R.J.; Haerdle, W. - University of Bonn, Germany - 1987

Persistent link: https://www.econbiz.de/10004993141

Nominalist Heuristics and Economic Theory

Pope, Robin; Selten, Reinhard; Kube, Sebastian - University of Bonn, Germany - 2009

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

Prominent Numbers, Indices and Ratios in Exchange Rate Determination and Financial Crashes: in Economists’ Models, in the Field and in the Laboratory

Pope, Robin; Selten, Reinhard; Kube, Sebastian; Hagen, … - University of Bonn, Germany - 2009

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

An Experimental Investigation of the Option Pricing Approach

Abbink, Klaus; Kuon, Bettina - University of Bonn, Germany - 1996

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