Similar Search Results

The Framing of Games and the Psychology of Play

Dufwenberg, Martin; Gaechter, Simon; Hennig-Schmidt, Heike - University of Bonn, Germany - 2010

Psychological game theory can provide rational-choice-based framing effects; frames influence beliefs, beliefs influence motivations. We explain this theoretically and explore empirical relevance experimentally. In a 2×2 design of one-shot public good games we show that frames affect...

Persistent link: https://www.econbiz.de/10008642098

The Framing of Games and the Psychology of Play

Hennig-Schmidt, Heike - University of Bonn, Germany - 2008

Psychological game theory can help provide a rational choice explanation of framing effects; frames influence beliefs, beliefs influence motivations. We explain this theoretically, and explore the empirical relevance experimentally. In a 2×2 design of one-shot public good games we show that...

Persistent link: https://www.econbiz.de/10005032223

Features of Experimentally Observed Bounded Rationality

Selten, Reinhard - University of Bonn, Germany

On the basis of experimental evidence reported in the literature the paper draws conclusions about the bounded rationality exhibited by human economic behaviour. Among the topics discussed are presentation effects caused by superficial analysis, strategic reasoning and strategy construction...

Persistent link: https://www.econbiz.de/10004968285

Moral Norms in a Partly Compliant Society

Kranz, Sebastian - University of Bonn, Germany - 2006

This paper analyses competition of moral norms and institutions in a society where a fixed share of people unconditionally complies with norms and the remaining people act selfishly. Whether a person is a norm-complier or selfish is private knowledge. A model of voting-by-feet shows that those...

Persistent link: https://www.econbiz.de/10004968383

Causes, consequences, and cures of myopic loss aversion - An experimental investigation

Fellner, Gerlinde; Sutter, Matthias - University of Bonn, Germany - 2005

paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative … impact of feedback frequency and investment flexibility (via the investment horizon) on risky investments. Second, given that … we observe higher investments with a longer investment horizon, we examine conditions under which investors might …

Persistent link: https://www.econbiz.de/10004968402

The Moonlighting Game - An Experimental Study on Reciprocity and Retribution

Abbink, Klaus; Irlenbusch, Bernd; Renner, Elke - University of Bonn, Germany - 1997

We introduce the moonlighting game. Player A can take money from or pass money to player B, who can either return money or punish player A. One-shot experiments were performed on this game. Treatments were conducted with and without making non-binding agreements beforehand. The results refute...

Persistent link: https://www.econbiz.de/10004968245

Envy Freeness in Experimental Fair Division Problems

Herreiner, Dorothea K.; Puppe, Clemens - University of Bonn, Germany - 2004

In the recent experimental literature several social preference models have been suggested that address observed behavior not reducible to the pursuit of self-interest. Inequality aversion is one such model where preferences are distributional. Frequently, envy is suggested as the underlying...

Persistent link: https://www.econbiz.de/10005001494

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

An Options Pricing Experiment with Professional Traders

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

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

Ein Optionsbewertungsexperiment mit professionellen Tradern

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

Dieser Aufsatz beschreibt ein Optionsbewertungsexperiment zum Binomialmodell, das mit professionellen Tradern von Finanztiteln durchgeführt wurde. Die Ergebnisse dieses Experiments werden mit denen eines entsprechenden Versuchs mit Studenten verglichen. Es zeigt sich, daß die professionellen...

Persistent link: https://www.econbiz.de/10004968326

1
2
3
4
5
6
7
8
9
10
Next
Last