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decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment …This study attempts to combine two traditional fields in microeconomics: individual decision making under risk and … lower than all possible payoffs of the decision maker. In the neutral context social referent and decision maker will always …
Persistent link: https://www.econbiz.de/10011379362
works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …
Persistent link: https://www.econbiz.de/10011283474
authority and responder.Both players in each pair have earned an own income in an individual realeffort decision …-making experiment preceding the take game. The gameconsists of two stages. In the first stage, the take authority decides howmuch income …
Persistent link: https://www.econbiz.de/10011301155
An emerging quantitative spatial economics literature models commuting interactions by a gravity equation that is … the appropriateness of the commuting model from a theoretical as well as an empirical point of view. We show that … changes in commuting flows in response to a change in the attractiveness of choice alternatives provides a more informative …
Persistent link: https://www.econbiz.de/10011699453
Persistent link: https://www.econbiz.de/10010191396
While most papers_new on team decision-making find teams to behave more selfish, less trusting and less altruistic than … dictator game. In our experiment teams are more selfish than individuals, and the most selfish team member has the strongest …
Persistent link: https://www.econbiz.de/10011349704
Traditional finance is built on the rationality paradigm. This chapter discusses simple models from an alternative approach in which financial markets are viewed as complex evolutionary systems. Agents are boundedly rational and base their investment decisions upon market forecasting heuristics....
Persistent link: https://www.econbiz.de/10011376458
This experiment compares the price dynamics and bubble formation in an asset market with a price adjustment rule in …
Persistent link: https://www.econbiz.de/10011333057
We investigate expectation formation in a controlled experimental en-vironment. Subjects are asked to predict the price in a standard asset pricingmodel. They do not have knowledge of the underlying market equilibrium equa-tions, but they know all past realized prices and their own predictions....
Persistent link: https://www.econbiz.de/10011333274