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Voluntary contributions with risky and uncertain marginal returns: the importance of the minimal value

Levati, M. Vittoria; Morone, Andrea - Wirtschaftswissenschaftliche Fakultät, … - 2009

contributions. This paper presents experimental results illustrating that the effects of risk and uncertainty depend on the employed … efficiency gains, the presence of risk and uncertainty about the public good's value is not detrimental to cooperation. This … ?nding casts doubt on the hypothesis that risk and uncertainty, per se, weaken people's willingness to contribute. …

Persistent link: https://www.econbiz.de/10004964131

A Nash Threat Game of Passing Through Exchange Rate Mechanism II

Fahrholz, Christian - Wirtschaftswissenschaftliche Fakultät, … - 2007

Following entrance into the European Union, Central Eastern European Countries (CEECs) are expected to join the European Monetary Union (EMU). These countries may incur considerable costs over the course of their passing through the required Exchange Rate Mechanism II (ERM-II). However, with...

Persistent link: https://www.econbiz.de/10005090518

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

A Simple Questionnaire Can Change Everything - Are Strategy Choices in Coordination Games Stable?

Berninghaus, Siegfried K.; Todorova, Lora; Vogt, Bodo - Wirtschaftswissenschaftliche Fakultät, … - 2011

This paper presents results from an experiment designed to study the effect of self reporting risk preferences on strategy choices made in a subsequently played 2 X 2 coordination game. The main finding is that the act of answering a questionnaire about one's own risk preferences significantly...

Persistent link: https://www.econbiz.de/10010616573

Cooperation in a Risky Environment: Decisions from Experience in a Stochastic Social Dilemma

Artinger, Florian; Fleischhut, Nadine; Levati, M. Vittoria - Wirtschaftswissenschaftliche Fakultät, … - 2012

Often in cooperative situations, many aspects of the decision-making environment are uncertain. We investigate how cooperation is shaped by the way information about risk is presented (from description or from experience) and by differences in risky environments. Drawing on research from risky...

Persistent link: https://www.econbiz.de/10010565810

Loss aversion and mental accounting: the favorite longshot bias in parimutuel betting

Qiu, Jianying - Wirtschaftswissenschaftliche Fakultät, … - 2007

Parimutuel betting markets are simpliï¬ed ï¬nancial markets, and can thus provide a clearer view of pricing issues which are more complicated elsewhere. Though empirical studies generally conclude that the parimutuel betting markets are surprisingly effcient, it is also found that for horses...

Persistent link: https://www.econbiz.de/10005090495

An ultimatum game with multidimensional response strategies

Güth, Werner; Levati, M. Vittoria; Nardi, Chiara; … - Wirtschaftswissenschaftliche Fakultät, … - 2014

We enrich the choice task of responders in ultimatum games by allow- ing them to independently decide whether to collect what is offered to them and whether to destroy what the proposer demanded. Such a multidimensional response format intends to cast further light on the motives guiding...

Persistent link: https://www.econbiz.de/10010887074

Personal Identity in the Dictator Game

Aguiar, Fernando; Branas-Garza, Pablo; Espinosa, Maria Paz - Wirtschaftswissenschaftliche Fakultät, … - 2007

This paper aims to analize the role of personal identity in decision making. To this end, it starts by reviewing critically the growing literature on economics and identity. Considering the ambiguities that the concept of social identity poses, our proposal focuses on the concept of personal...

Persistent link: https://www.econbiz.de/10005032019

Psychology and Economics rather than Psychology versus Economics: Cultural differences but no barriers!

Brandstätter, Hermann; Güth, Werner; Kliemt, Hartmut - Wirtschaftswissenschaftliche Fakultät, … - 2009

During the last three decades the ascent of behavioral economics clearly helped to bring down artificial disciplinary boundaries between psychology and economics. Noting that behavioral economics seems still under the spell of the rational choice tradition - and, indirectly, of behaviorism - we...

Persistent link: https://www.econbiz.de/10005090539

Voluntary Commitment to Environmental Protection: A Bounded Rationality Approach

Pasche, Markus - Wirtschaftswissenschaftliche Fakultät, … - 2004

Global environmental protection is characterized as a public good. In contrast to the national level where the state is able to regulate external effects, there is a lack of supranational institutions which have enough power to force countries to reduce pollution levels. In spite of the...

Persistent link: https://www.econbiz.de/10005739732

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