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Compliance Dynamics Generated by Social Interaction Rules
Lipatov, Vilen - 2014
We study compliance dynamics generated by a large set of behavioral rules describing social interaction in a population of agents facing an enforcement authority. When the authority adjusts the auditing probability every period, cycling in cheating-auditing occurs: Intensive monitoring induces...
Persistent link: https://www.econbiz.de/10010352407
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How Do People React to Income-Based Fines? Evidence from Speeding Tickets Discontinuities
Kaila, Martti - 2024
speeding ticket. Contrary to predictions of a traditional Becker model, individuals do not bunch below the fine hike. Instead … illustrate this, I construct a Becker model with misperception and learning that can explain all the empirical findings. …
Persistent link: https://www.econbiz.de/10014534407
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Whistle-Blower Protection: Theory and Experimental Evidence
Mechtenberg, Lydia; Mühlheusser, Gerd; Roider, Andreas - 2017
Whistle-blowing by employees plays a major role in uncovering corporate fraud. Various recent laws aim at improving protection of whistle-blowers and enhancing their willingness to report. Evidence on the effectiveness of such legislation is, however, scarce. Moreover, critics have raised...
Persistent link: https://www.econbiz.de/10011657115
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Deterrence through word of mouth
Rincke, Johannes; Traxler, Christian - 2009
The deterrent effect of law enforcement rests on the link between the actual and the perceived detection risk. We study the role of word of mouth for this linkage. Our approach makes use of micro data on compliance with TV license fees allowing us to distinguish between households who have been...
Persistent link: https://www.econbiz.de/10010264559
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Deception Under Time Pressure: Conscious Decision or a Problem of Awareness?
Konrad, Kai A.; Lohse, Tim; Simon, Sven A. - 2017
Time is a crucial determinant of deception, since some misreporting opportunities come as a surprise and require an intuitive decision while others allow for extensive reflection time. To be able to pursue a deceptive strategy, however, a subject must be aware of the misreporting opportunity....
Persistent link: https://www.econbiz.de/10011744977
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Learning about One's Self
Le Yaouanq, Yves; Schwardmann, Peter - 2019
the nature of the task at the second date further shows that learning is unencumbered by a change in environment. Our …
Persistent link: https://www.econbiz.de/10012018146
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It's not my Fault! Self-Confidence and Experimentation
Hestermann, Nina; Le Yaouanq, Yves - 2019
We study the inference and experimentation problem of an agent in a situation where the outcomes depend on the individual’s intrinsic ability and on an external variable. We analyze the mistakes made by decision-makers who hold inaccurate prior beliefs about their ability. Overconfident...
Persistent link: https://www.econbiz.de/10012018192
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Optimal monetary policy when agents are learning
Molnár, Krisztina; Santoro, Sergio - 2010
We derive the optimal monetary policy in a sticky price model when private agents follow adaptive learning. We show … order to facilitate private sector learning and thus ease the future intratemporal inflation-output gap trade-offs. The … policy recommendation is robust: the welfare loss entailed by the optimal policy under learning if the private sector …
Persistent link: https://www.econbiz.de/10010271452
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Balancing the Risk of Tipping: Early Warning Systems from Detection to Management
Diekert, Florian; Heyen, Daniel; Nesje, Frikk; Shayegh, … - 2024
Early warning signals (EWS) of imminent regime shifts can be identified through the observation of a system's behavior under increasing stress and before crossing a tipping point. Despite many advances in the detection of EWS in recent years, EWS are yet to find direct application in management....
Persistent link: https://www.econbiz.de/10014534384
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Uncertainty, Imperfect Information, and Expectation Formation over the Firms's Life Cycle
Chen, Cheng; Senga, Tatsuro; Sun, Chang; Zhang, Hongyong - 2020
demand. The former learning effect, combined with the latter real-options effect, adversely affect firms’ entry decisions and …
Persistent link: https://www.econbiz.de/10012269538