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Broll, Udo; Welzel, Peter; Wong, Kit Pong - Wirtschaftswissenschaftliche Fakultät, … - 1999

For a Cournot duopoly with a foreign firm exporting to the home firm's market hedging against unfavorable shifts in the … stochastic spot exchange rate is analyzed. In a two-stage setting with product market and hedging decisions we show that hedging … can be used as a strategic device. Under constant and decreasing absolute risk aversion an increase in hedging volume by …

Persistent link: https://www.econbiz.de/10005786093

Voting on a sharing norm in a dictator game

Vanberg, Christoph - Wirtschaftswissenschaftliche Fakultät, … - 2007

I conduct an experiment to assess whether majority voting on a non- binding sharing norm affects subsequent behavior in …

Persistent link: https://www.econbiz.de/10005051032

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

An experimental analysis of bounded rationality: Applying insights from behavioral economics to information systems

Brecht, Franziska; Günther, Oliver; Güth, Werner; … - Wirtschaftswissenschaftliche Fakultät, … - 2011

The paradigm of bounded rationality considers the limited ability of individuals to make consistent and rational choices. Due to the scarcity of research on this phenomenon in information systems, we conducted an experimental study investigating decision-making regarding risk preferences and...

Persistent link: https://www.econbiz.de/10009391903

Sense of Control Affects Investment Behavior

King, Li King - Wirtschaftswissenschaftliche Fakultät, … - 2010

Preference for control affects investment behavior. Participants of laboratory experiments invest different amount of money in a risky asset when face with two different methods of control which have identical payoff structure and probability distribution, but provide different sense of control....

Persistent link: https://www.econbiz.de/10008497739

Do investors optimize, follow heuristics, or listen to experts?

Gehrig, Thomas; Güth, Werner; Levinsky, Rene; Popova, Vera - Wirtschaftswissenschaftliche Fakultät, … - 2008

In the experimental scenario several agents repeatedly invest in n (n = 2) state-speciïfic assets. The evolutionarily stable and equilibrium (Blume and Easley, 1992) portfolio for this situation requires to distribute funds according to the constant probabilities of the various states. The...

Persistent link: https://www.econbiz.de/10005090482

Heterogeneous bids in auctions with rational and markdown bidders - Theory and Experiment

Kirchkamp, Oliver; Reiß, J. Philipp - Wirtschaftswissenschaftliche Fakultät, … - 2008

We present results from a series of experiments that allow us to measure overbidding and, in particular, underbidding in first-price auctions. We investigate how the amount of underbidding depends on seemingly innocent parameters of the experimental setup. To structure our data we present and...

Persistent link: https://www.econbiz.de/10004970274

Bubbles in hybrid markets - How expectations about algorithmic trading affect human trading

Farjam, Mike; Kirchkamp, Oliver - Wirtschaftswissenschaftliche Fakultät, … - 2015

experiment to measure human trading behaviour changes if these humans expect algorithmic traders. To disentangle the direct …

Persistent link: https://www.econbiz.de/10011166024

Concession Bargaining - An Experimental Comparison of Protocols and Time Horizons

Alberti, Federica; Fischer, Sven; Güth, Werner; … - Wirtschaftswissenschaftliche Fakultät, … - 2013

Concessions try to avoid conflict in bargaining and can finally lead to an agreement. Although they usually are seen as unfolding in time, concessions can also be studied in normal form or by conditioning only on failure of earlier agreement attempts. We experimentally compare three protocols of...

Persistent link: https://www.econbiz.de/10010884456

Tit for Others' Tat Repeated Prisoner's Dilemma Experiments with Third-Party Monitoring and Indirect Punishment

Bruttel, Lisa; Güth, Werner - Wirtschaftswissenschaftliche Fakultät, … - 2013

Two pairs of two participants each interact repeatedly in two structurally independent but informationally linked Prisoner's Dilemma games. Neither pair receives feedback about past choices by their own partner but is fully informed about the choices by the other pair. Considering this as a...

Persistent link: https://www.econbiz.de/10010884463