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Lahno, Amrei M.; Serra-Garcia, Marta - CESifo - 2012

We examine peer effects in risk taking with complete information and compare explanations for peer effects based on relative payoff concerns to explanations that allow peer choices to matter. We vary experimentally whether individuals can condition a simple lottery choice on the lottery choice,...

Persistent link: https://www.econbiz.de/10010739341

Optimal Monetary Policy when Agents are Learning

Molnár, Krisztina; Santoro, Sergio - CESifo - 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/10008596587

Compliance Dynamics Generated by Social Interaction Rules

Lipatov, Vilen - CESifo - 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/10010764298

Policy Experimentation, Political Competition, and Heterogeneous Beliefs

Millner, Antony; Ollivier, Hélène; Simon, Leo - CESifo - 2014

endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition …

Persistent link: https://www.econbiz.de/10010781549

On the Perils of Stabilizing Prices when Agents are Learning

Mele, Antonio; Molnár, Krisztina; Santoro, Sergio - CESifo - 2015

losses are outweighed by short term gains from the learning phase. …

Persistent link: https://www.econbiz.de/10011155373

Reason, Intuition, and Time

Sahm, Marco; Weizsäcker, Robert K. von - CESifo - 2014

prevalent in early and late stages of a learning process, whereas reason governs decisions in intermediate stages. Examples …

Persistent link: https://www.econbiz.de/10011103391

How competitiveness may cause a gender wage gap : experimental evidence

Heinz, Matthias; Normann, Hans-Theo; Rau, Holger A. - 2016

We show that choices in competitive behavior may entail a gender wage gap. In our experi ments, employees first choose a remuneration scheme (competitive tournament vs. piece rate) and then conduct a real-effort task. Employers know the pie size the employee has generated, the remuneration...

Persistent link: https://www.econbiz.de/10011433393

Looking at the bright side : the motivation value of overconfidence

Chen, Si; Schildberg-Hörisch, Hannah - 2018

obvious relevance for many contexts such as labor relations or learning at school. As a further conceptual contribution, we …

Persistent link: https://www.econbiz.de/10011849984

Partial Coercion, Conditional Cooperation, and Self-Commitment in Voluntary Contributions to Public Goods

Cettolin, Elena; Riedl, Arno - CESifo - 2011

In this paper we experimentally investigate whether partial coercion can in combination with conditional cooperation increase contributions to a public good. We are especially interested in the behavior of the non-coerced populations. The main finding is that in our setting conditional...

Persistent link: https://www.econbiz.de/10009278128

The Impact of Losing in a Competition on the Willingness to Seek Further Challenges

Buser, Thomas - CESifo - 2014

How do people react to setbacks and successes? I introduce a new measure of challenge-seeking to determine the effect of winning and losing in a competition on the willingness to seek further challenges. Participants in a lab experiment compete in two-person tournaments and are then informed of...

Persistent link: https://www.econbiz.de/10010812497