Similar Search Results

An Experimental Analysis of the Complications in Colluding When Firms are Asymmetric

Mason, Charles F. - 2018

I study an indefinitely repeated game where firms differ in size. Attempts to form cartels in such an environment, for example by rationing outputs in a manner linked to firm size differences, have generally struggled. Any successful cartel has to set production shares in a manner that ensures...

Persistent link: https://www.econbiz.de/10012915500

Endogenous Growth, The Distribution of Wealth, and Optimal Policy Under Incomplete Markets and Idiosyncratic Risk

Clemens, Christiane - 2012

This paper combines the standard incomplete markets model of uninsurable idiosyncratic risks and borrowing constraints with the Arrow/Romer approach to endogenous growth to analyze the interaction of risk, growth, and inequality, the latter also endogenously determined in equilibrium. We derive...

Persistent link: https://www.econbiz.de/10013105141

Reputational Herding in Financial Markets : A Laboratory Experiment

Roider, Andreas - 2015

We study reputational herding in financial markets in a laboratory experiment. In the spirit of Dasgupta and Prat (2008), career concerns are introduced in a sequential asset market, where wages for investors are set by subjects in the role of employers. Employers can observe investment...

Persistent link: https://www.econbiz.de/10013029493

Measuring Time and Risk Preferences : Reliability, Stability, Domain Specificity

Woelbert, Eva - 2013

To accurately predict behavior economists need reliable measures of individual time preferences and attitudes toward risk and typically need to assume stability of these characteristics over time and across decision domains. We test the reliability of two choice tasks for eliciting discount...

Persistent link: https://www.econbiz.de/10013078528

Risk Aversion as a Perceptual Bias

Khaw, Mel - 2017

The theory of expected utility maximization (EUM) proposed by Bernoulli explains risk aversion as a consequence of diminishing marginal utility of wealth. However, observed choices between risky lotteries are difficult to reconcile with EUM: for example, in the laboratory, subjects' responses on...

Persistent link: https://www.econbiz.de/10012956867

The Relationship between Economic Preferences and Psychological Personality Measures

Becker, Anke - 2012

Although both economists and psychologists seek to identify determinants of heterogeneity in behavior, they use different concepts to capture them. In this review we first analyze the extent to which economic preferences and psychological concepts of personality - such as the Big Five and locus...

Persistent link: https://www.econbiz.de/10013107552

Consistency of Higher Order Risk Preferences

Deck, Cary A. - 2013

Risk aversion (a 2nd order risk preference) is a time-proven concept in economic models of choice under risk. More recently, the higher order risk preferences of prudence (3rd order) and temperance (4th order) also have been shown to be quite important. While a majority of the population seems...

Persistent link: https://www.econbiz.de/10013088796

Can Risk-Taking Preferences Be Modified? Some Experimental Evidence

Booth, Alison L.; Nolen, Patrick - 2021

We summarise our two sets of controlled experiments designed to see if single-sex classes within coeducational environments modify students’ risk-taking attitudes. In Booth and Nolen (2012b), subjects are in years 10 and 11, while in Booth, Cardona-Sosa and Nolen (2014), they are first-year...

Persistent link: https://www.econbiz.de/10013315609

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

Cettolin, Elena - 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/10013120907

Can There Be a Market for Cheap-Talk Information? An Experimental Investigation

Cabrales, Antonio - 2018

This paper reports on experiments testing the viability of markets for cheap talk information. We find that the poor … quality of the information transmitted leads to a collapse of information markets. The reasons for this are surprising given … the previous experimental results on cheap-talk games. Our subjects provide low-quality information even when doing so …

Persistent link: https://www.econbiz.de/10012917514