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A new inequality measure that is sensitive to extreme values and asymmetries

McAleer, Michael; Ryu, Hang-keun; Slottje, Daniel Jonathan - 2017

There is a vast literature on the selection of an appropriate index of income inequality and on what desirable … Gini) that poorly detect the extreme values present in the underlying empirical IDF. This paper introduces a new inequality … description of inequality inherent in empirical income distributions with extreme values. …

Persistent link: https://www.econbiz.de/10011773015

Analyzing fixed-event forecast revisions

Chang, Chia-Lin; Bruijn, Bert de; Franses, Philip Hans; … - 2013

Persistent link: https://www.econbiz.de/10009765842

Positive expectations feedback experiments and number guessing games as models of financial markets

Sonnemans, Joep; Tuinstra, Jan - 2008

Persistent link: https://www.econbiz.de/10003762592

Errors in judicial decisions : experimental results

Sonnemans, Joep; Dijk, Frans van - 2008

Persistent link: https://www.econbiz.de/10003774441

Nonrenewable resources, strategic behavior and the hotelling rule : an experiment

Veldhuizen, Roel van; Sonnemans, Joep - 2011

Persistent link: https://www.econbiz.de/10008824720

A stochastic dominance approach to the Basel III dilemma : expected shortfall or VaR?

Chang, Chia-Lin; Jiménez-Martín, Juan-Ángel; … - 2015

The Basel Committee on Banking Supervision (BCBS) (2013) recently proposed shifting the quantitative risk metrics system from Value-at-Risk (VaR) to Expected Shortfall (ES). The BCBS (2013) noted that - a number of weaknesses have been identified with using VaR for determining regulatory capital...

Persistent link: https://www.econbiz.de/10010532611

Firm-specific information and explicit collusion in experimental oligopolies

Gomez-Martin, Francisco; Onderstal, Sander; Sonnemans, Joep - 2015

We experimentally study the effect of information about competitors ́actions on cartel stability and firms ́incentives to form cartels in Cournot markets. As in previous experiments, markets become very competitive when individualized information is available and participants cannot...

Persistent link: https://www.econbiz.de/10010532614

Decision and strategies in a sequential search experiment

Sonnemans, Joep - 1997

The strategy method is becoming an important tool in experimentalmethodology. This study examines how well this method works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice solving the problem andformulating strategies, they play...

Persistent link: https://www.econbiz.de/10011283474

Positive expectations feedback experiments and number guessing games as models of financial markets

Sonnemans, Joep; Tuinstra, Jan - 2008

In repeated number guessing games choices typically converge quickly to the Nash equilibrium. In positive expectations feedback experiments, however, convergence to the equilibrium price tends to be very slow, if it occurs at all. Both types of experimental designs have been suggested as...

Persistent link: https://www.econbiz.de/10011376659

Group formation in a public good experiment : on the dynamics of social ties structures

Sonnemans, Joep; Dijk, Frans van; Winden, Frans A. A. M. van - 1999

agency theory. …

Persistent link: https://www.econbiz.de/10011302615