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Biased probability judgment : evidence of incidence and relationship to economic outcomes from a representative sample

Dohmen, Thomas; Falk, Armin; Huffman, David; Marklein, Felix - 2009

Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...

Persistent link: https://www.econbiz.de/10003845575

The intergenerational transmission of risk and trust attitudes

Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe - 2006

We investigate whether two crucial determinants of economic decision making willingness to take risks and willingness to trust other people are transmitted from parents to children. Our evidence is based on survey questions that ask about these attitudes directly, and are good measures in the...

Persistent link: https://www.econbiz.de/10003481849

On the organizational structure of multinational firms : which sourcing mode for which input?

Südekum, Jens; Nowak, Verena Nina; Schwarz, Christian - 2012

inputs inside their boundaries. This observation is difficult to reconcile with the property rights approach of the firm … this paper we introduce economies of scope into a property rights model where a producer contracts with two suppliers. The … decides whether to offshore inputs. -- multinational firms ; outsourcing ; intra-firm trade ; property rights approach …

Persistent link: https://www.econbiz.de/10009539235

Seemingly irrelevant events affect economic perceptions and expectations : the FIFA World Cup 2006 as a natural experiment

Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe - 2006

"Prominent economic theories have emphasized the role of commonly held perceptions and expectations for determining macroeconomic outcomes. A key empirical question is how such collectively held beliefs are formed. We use the FIFA World Cup 2006 as a natural experiment. We provide direct...

Persistent link: https://www.econbiz.de/10003359287

Homo reciprocans : survey evidence on prevalence, behavior and success

Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe - 2006

Experimental evidence has convincingly shown the existence of reciprocal inclinations, i.e., a tendency for people to respond in-kind to hostile or kind actions. Little is known, however, about: (i) the prevalence of reciprocity in the population, (ii) individual determinants of reciprocity,...

Persistent link: https://www.econbiz.de/10003348535

Zipf's law for cities in the regions and the country

Giesen, Kristian (contributor); Südekum, Jens (contributor) - 2009

The salient rank-size rule known as Zipf's law is not only satisfied for Germany's national urban hierarchy, but also …

Persistent link: https://www.econbiz.de/10003794024

Dialects, cultural identity, and economic exchange

Falck, Oliver; Heblich, Stephan; Lameli, Alfred; … - 2010

; language ; culture ; internal migration ; gravity ; Germany …

Persistent link: https://www.econbiz.de/10003939183

Industry churning and the evolution of cities : evidence for Germany

Findeisen, Sebastian (contributor); … - 2007

size distribution of West Germany, much better than the simple rank-size rule known as Zipf's law. The main mechanism of …

Persistent link: https://www.econbiz.de/10003591489

Are risk aversion and impatience related to cognitive ability?

Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe - 2007

Is the way that people make risky choices, or tradeoffs over time, related to cognitive ability? This paper investigates whether there is a link between cognitive ability, risk aversion, and impatience, using a representative sample of the population and incentive compatible measures. We conduct...

Persistent link: https://www.econbiz.de/10003580796

Did the Hartz reforms speed-up job creation? : A macro-evaluation using empirical matching functions

Fahr, René (contributor); Sunde, Uwe (contributor) - 2006

Starting in January 2003, Germany implemented the first two so-called Hartz reforms, followed by the third and fourth …

Persistent link: https://www.econbiz.de/10003502681