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The binary lottery procedure does not induce risk neutrality in the Holt & Laury and Eckel & Grossman tasks
Kirchkamp, Oliver; Oechssler, Joerg; Sofianos, Andis - In: Journal of economic behavior & organization : JEBO 185 (2021), pp. 348-369
Persistent link: https://www.econbiz.de/10012601250
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Simultaneous evolution of learning rules and strategies
Kirchkamp, Oliver - 1996
Persistent link: https://www.econbiz.de/10000951905
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How to deal with inconsistent choices on multiple price lists
Engel, Christoph; Kirchkamp, Oliver - In: Journal of economic behavior & organization : JEBO 160 (2019), pp. 138-157
Persistent link: https://www.econbiz.de/10012140057
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Spite vs. Risk : Explaining Overbidding
Kirchkamp, Oliver - 2019
In this paper we use an experiment to compare a theory of risk aversion and a theory of spite as an explanation for … overbidding in auctions. As a workhorse we use the second-price all-pay and the first-price winner-pay auction. Both risk and … spite can be used to rationalize deviations from risk neutral equilibrium bids in auctions. We exploit that equilibrium …
Persistent link: https://www.econbiz.de/10012870642
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Conditional cooperation and the effect of punishment
Kirchkamp, Oliver; Mill, Wladislaw - In: Journal of economic behavior & organization : JEBO 174 (2020), pp. 150-172
Persistent link: https://www.econbiz.de/10012288405
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Fair Long-Term Care Insurance
Leroux, M.‐L. - 2019
revealed). Using a lifecycle model with risk about the duration of life and risk about old-age dependence, it is shown that the …
Persistent link: https://www.econbiz.de/10012866386
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Spite vs. risk: explaining overbidding
Kirchkamp, Oliver; Mill, Wladislaw - 2019
In this paper we use an experiment to compare a theory of risk aversion and a theory of spite as an explanation for … overbidding in auctions. As a workhorse we use the second-price all-pay and the first-price winner-pay auction. Both risk and … spite can be used to rationalize deviations from risk neutral equilibrium bids in auctions. We exploit that equilibrium …
Persistent link: https://www.econbiz.de/10012018322
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Forced saving, redistribution and nonlinear social security schemes
Cremer, Helmuth; de Donder, Philippe; Maldonado, Darío; … - 2008
This paper studies the design of a nonlinear social security scheme in a society where individuals differ in two respects: productivity and degree of myopia. Myopic individuals may not save enough" for their retirement because their myopic self" emerges when labor supply and savings decisions...
Persistent link: https://www.econbiz.de/10010273777
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Habit formation and labor supply
Cremer, Helmuth; de Donder, Philippe; Maldonado, Darío; … - 2008
This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to unretire, i.e., unexpectedly return to work. It also shows that when myopia about habit formation leads to...
Persistent link: https://www.econbiz.de/10010273778
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Regime dependence of the fiscal multiplier
Mittnik, Stefan; Semmler, Willi - In: Journal of economic behavior & organization : JEBO 83 (2012) 3, pp. 502-522
Persistent link: https://www.econbiz.de/10009698047