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stress. Subjects play a repeated Cournot oligopoly. Treatments are time pressure within the task and distractions through a … second task (a Stroop-task) that has to be performed as well and influences payment. We measure stress levels through … stress levels of subjects within our task. More importantly from an economic perspective, we can also observe a corresponding …
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One reason often put forward for South Korea's rapid economic growth has been the rising level of educational attainment of its workforce. Correspondingly, the proportion of Koreans who complete tertiary education has also rapidly increased (and is also considerably higher than the OECD...
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This paper studies, theoretically and experimentally, whether the entitlement effect created by deservingness affects the willingness to lie. In a laboratory experiment, we compare the lying behavior of high-endowment participants with low-endowment participants. In one treatment, the allocation...
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Mainstream economists are reluctant to integrate features of bounded rationality into their behavioural assumptions. However, particularly in the field of economic policy the scope for irrational behaviour is given, since voters lack incentives for rational reasoning concerning their voting...
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