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Negative reciprocity and the interaction of emotions and fairness norms
Reuben, Ernesto; Winden, Frans A. A. M. van - 2005
This experimental study investigates how behavior changes after punishment for an unkind action. It also studies how … fairness perceptions affect the reaction to punishment and whether this effect is consistent across repeated play and role …
Persistent link: https://www.econbiz.de/10011343297
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The dark side of personality : anti-sociality increases strategic game play
Engelmann, Jan; Schmid, Basil; Chumbley, Justin; Fehr, Ernst - 2018
shifts induced by these environmental changes: when punishment was not available to investors, we observe significantly lower … levels of investor trust and trustee reciprocity, while there is a significant increase in both behaviors when punishment was … adjustment of decision strategies in the presence of punishment. These results demonstrate that anti-social personality …
Persistent link: https://www.econbiz.de/10011794369
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The prediction value
Koster, Maurice; Kurz, Sascha; Lindner, Ines; Napel, Stefan - 2013
We introduce the prediction value (PV) as a measure of players' informational importance in probabilistic TU games. The latter combine a standard TU game and a probability distribution over the set of coalitions. Player i's prediction value equals the difference between the conditional...
Persistent link: https://www.econbiz.de/10010225788
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Fake news and indifference to truth : dissecting tweets and state of the union addresses by presidents Obama and Trump
Allen, David E.; McAleer, Michael; Reid, David McHardy - 2018
State of the Union Addresses (SOUA) by two recent US Presidents, President Obama (2016) and President Trump (2018), and a series of recent of tweets by President Trump, are analysed by means of the data mining technique, sentiment analysis. The intention is to explore the contents and sentiments...
Persistent link: https://www.econbiz.de/10011801434
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Fuzzy firm name matching : merging Amadeus firm data to PATSTAT
Bremer, Leon - 2023
When merging firms across large databases in the absence of common identifiers, text algorithms can help. I propose a high-performance fuzzy firm name matching algorithm that uses existing computational methods and works even under hardware restrictions. The algorithm consists of four steps,...
Persistent link: https://www.econbiz.de/10014380748
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Rich meets poor : an international fairness experiment
Cappelen, Alexander W.; Moene, Karl Ove; Sørensen, Erik Ø. - 2008
Why do people in rich countries not transfer more of their income to people in the world's poorest countries? To study this question and the relative importance of needs, entitlements, and nationality in people's social preferences, we conducted a real effort fairness experiment where people in...
Persistent link: https://www.econbiz.de/10011377115
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Monetary policy under behavioral expectations : theory and experiment
Hommes, Cars H.; Massaro, Domenico; Weber, Matthias - 2015
Expectations play a crucial role in modern macroeconomic models. We replace the common assumption of rational expectations in a New Keynesian framework by the assumption that expectations are formed according to a heuristics switching model that has performed well in earlier work. We show how...
Persistent link: https://www.econbiz.de/10011298879
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When culture does not matter : experimental evidence from coalition formation ultimatum games in Austria and Japan
Okada, Akira; Riedl, Arno - 1999 - This version: March, 1999
This paper reports the results of a cross-country comparison between Austria andJapan for an experimental 3-personcoalition formation ultimatum game. The experimental design allows thecomparison with respect to three decisions. (i)The coalition decision, (ii) proposers' demand behavior in 2- and...
Persistent link: https://www.econbiz.de/10011301151
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Does the wage tax system cause budget deficits?
Riedl, Arno; Winden, Frans A. A. M. van - 2000
In this paper we investigate experimentally the functioning of a wage tax financed unemployment benefit system on the development of the budget deficit, unemployment, and some other indicators of economic performance in an international economy. We find support for the hypothesis that...
Persistent link: https://www.econbiz.de/10011304394
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An experimental investigation of wage taxation and unemployment in closed and open economies
Riedl, Arno; Winden, Frans A. A. M. van - 2000
We investigate experimentally the economic effects of wage taxation to finance unemployment benefits for a closed economy and an international economy. The main findings are the following. (i) There is clear evidence of a vicious circle in the dynamic interaction between the wage tax and...
Persistent link: https://www.econbiz.de/10011304623