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Recognition-Based and Familiarity-Based Portfolio Strategies - An Experimental Study
Diao, Linan - Wirtschaftswissenschaftliche Fakultät, … - 2011
Empirical evidences show that investors tend to be biased toward investing in domestic (home bias) and local (local bias) stocks. Familiarity is considered to be one of the reasons. A similar concept was proposed by Goldstein and Gigerenzer (1999, 2002), known as the recognition heuristic: "when...
Persistent link: https://www.econbiz.de/10008837944
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Effects of Information on Intentionality Attributions and Judgments - Punishing Negligence and Praising the Caring for Information
Haupt, Andreas; Uske, Tobias - Wirtschaftswissenschaftliche Fakultät, … - 2010
Understanding how observers attribute intentionality to people in the focus of their attention helps in shedding light on punishment behavior. In this paper we approach impartial observers' attributions of intentionality and the attachment of praise and blame to perpetrators of external effects....
Persistent link: https://www.econbiz.de/10008511323
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Do Self-Committers Mind Commitment by Others? An Experiment on Weak Paternalism
Uhl, Matthias - Wirtschaftswissenschaftliche Fakultät, … - 2010
Weak paternalism commits protégés to their own plans. This experiment addresses the question of whether protégés judge weakly paternalistic acts primarily by means of their consequences or on principle grounds. Subjects receive a reward for showing up to the laboratory early the next morning...
Persistent link: https://www.econbiz.de/10008483753
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In search for Tiebout's mechanism 'vote with their feet' in Bavaria
Münch, Angela - Wirtschaftswissenschaftliche Fakultät, … - 2011
of revealed preferences and the mechanism of 'vote with their feet' of Tiebout (1956) migration patterns in Bavarian … counties are examined in more detail in order to assess the role of biodiversity for migration decision according to gender and … age. The results show a clear pattern for the demand for natural amenities within the migration decision. However, other …
Persistent link: https://www.econbiz.de/10010884467
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Ready, set, go! Why are some regions entrepreneurial jump-starters?
Wyrwich, Michael - Wirtschaftswissenschaftliche Fakultät, … - 2013
that pre- dates socialism. How institutional context affects entrepreneurship over the course of transition is reflected by … the negative relationship between urbanization and entrepreneurship that presumably has to do with ill-devised socialist …
Persistent link: https://www.econbiz.de/10010884453
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How Long Does it Take to Become an Entrepreneurial Society - The Case of German Convergence in Self-Employment
Schindele, Yvonne - Wirtschaftswissenschaftliche Fakultät, … - 2010
Since the beginning of the transformation of East Germany from a socialist planned economy to a market economy, there has been an ambitious political goal of fostering entrepreneurial activity in that part of the country. One of the most-hoped for results of this undertaking is the anticipated...
Persistent link: https://www.econbiz.de/10008494224
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Imperfect Recall and Time Inconsistencies: An experimental test of the absentminded driver "paradox"
Levati, Vittoria M.; Uhl, Matthias; Ro'i Zultan - Wirtschaftswissenschaftliche Fakultät, … - 2010
Absentmindedness is a special case of imperfect recall which according to Piccione and Rubinstein (1997a) leads to time inconsistencies. Aumann, Hart and Perry (1997a) question their argument and show how dynamic inconsistencies can be resolved. The present paper explores this issue from a...
Persistent link: https://www.econbiz.de/10008511322
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Unraveling Fairness in Simple Games? The Role of Empathy and Theory of Mind
Artinger, Florian; Exadaktylos, Fillipos; Sääksvuori, … - Wirtschaftswissenschaftliche Fakultät, … - 2010
Economists have been theorizing that other-regarding preferences influence decision making. Yet, what are the corresponding psychological mechanisms that inform these preferences in laboratory games? Empathy and Theory of Mind (ToM) are dispositions considered to be essential in social...
Persistent link: https://www.econbiz.de/10008511334
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What renders financial advisors less treacherous? - On commissions and reciprocity -
Popva, Vera - Wirtschaftswissenschaftliche Fakultät, … - 2010
An advisor is supposed to recommend a financial product in the best interest of her client. However, the best product for the client may not always be the product yielding the highest commission (paid by product providers) to the advisor. Do advisors nevertheless provide truthful advice? If not,...
Persistent link: https://www.econbiz.de/10008511336
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On the Independence of Observations between Experiments
Matthey, Astrid; Regner, Tobias - Wirtschaftswissenschaftliche Fakultät, … - 2009
In experimental economics there exists a lively debate about the independence of observations. Although opinions on the issue differ widely, all concerns regard the independence of subjects' behavior within one session or experiment. This paper attempts to shed some light on the independence of...
Persistent link: https://www.econbiz.de/10008512521