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Effects of timing and reference frame of feedback: Evidence from a field experiment

Fischer, Mira; Wagner, Valentin - 2019

, who adjust their ability beliefs downwards in response to feedback. …

Persistent link: https://www.econbiz.de/10012141856

Information independence and common knowledge

Gossner, Olivier; Kalai, Ehud; Weber, Robert - 2009

In Bayesian environments with private information, as described by the types of Harsanyi, how can types of agents be (statistically) disassociated from each other and how are such disassociations reflected in the agents' knowledge structure? Conditions studied are (i) subjective independence...

Persistent link: https://www.econbiz.de/10010282899

Bounded reasoning and higher-order uncertainty

Kets, Willemien - 2012

The standard framework for analyzing games with incomplete information models players as if they form beliefs about … their opponents' beliefs about their opponents' beliefs and so on, that is, as if players have an infinite depth of … have a coarse perception of the higher-order beliefs of other players, thus formalizing the small-world idea of Savage …

Persistent link: https://www.econbiz.de/10010282936

Knowledge-Based Economic Development: Mass Media and the Weightless Economy

Bandyopadhyay, Sanghamitra - London School of Economics and Political Science - 2009

We examine associations of mass media and information and communicationstechnologies (ICT) as knowledge-based infrastructures on some economicdevelopment outcomes. We .nd that several mass media and ICT penetration variablesare negatively associated with three development outcomes: corruption,...

Persistent link: https://www.econbiz.de/10005871009

Stochastic Contracts and Subjective Evaluations

Lang, Matthias - 2022

Subjective evaluations are widely used, but call for different contracts from classical moral-hazard settings. Previous literature shows that contracts require payments to third parties. I show that the (implicit) assumption of deterministic contracts makes payments to third parties necessary....

Persistent link: https://www.econbiz.de/10014467777

Finite depth of reasoning and equilibrium play in games with incomplete information

Kets, Willemien - 2013

environments with players with a finite depth of reasoning. We demonstrate that the standard approach of modeling beliefs with …

Persistent link: https://www.econbiz.de/10010352842

All types naive and canny

Heifetz, Aviad; Kets, Willemien - 2012

This paper constructs a type space that contains all types with a finite depth of reasoning, as well as all types with an infinite depth of reasoning - in particular those types for whom finite-depth types are conceivable, or think that finite-depth types are conceivable in the mind of other...

Persistent link: https://www.econbiz.de/10010352849

Achieving cooperation under privacy concerns

Dziuda, Wioletta; Gradwohl, Ronen - 2013

Two players choose whether to cooperate on a project. Each of them is endowed with some evidence, and if both possess a sufficient amount then cooperation is profitable. In order to facilitate cooperation the players reveal evidence to one another. However, some players are concerned about...

Persistent link: https://www.econbiz.de/10010352852

Robust multiplicity with a grain of naiveté

Heifetz, Aviad; Kets, Willemien - 2013

In an important paper, Weinstein and Yildiz (2007) show that if players have an infinite depth of reasoning and this is commonly believed, types generically have a unique rationalizable action in games that satisfy a richness condition. We show that this result does not extend to environments...

Persistent link: https://www.econbiz.de/10010352864

Economic uncertainty and subjective inflation expectations

Rossmann, Tobias - 2019

Measuring economic uncertainty is crucial for understanding investment decisions by individuals and firms. Macroeconomists increasingly rely on survey data on subjective expectations. An innovative approach to measure aggregate uncertainty exploits the rounding patterns in individuals' responses...

Persistent link: https://www.econbiz.de/10012141866