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Cognitive Ability, Character Skills, and Learning to Play Equilibrium : A Level-K Analysis
Gill, David - 2014
In this paper we investigate how cognitive ability and character skills influence behavior, success and the evolution of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment and find striking differences according to cognitive...
Persistent link: https://www.econbiz.de/10013052550
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Trust and Trustworthiness Under the Prospect Theory : A Field Experiment in Vietnam
Nguyen, Quang - 2012
Vietnamese villages and by estimating the parameters of the Cumulative Prospect Theory and of quasi-hyperbolic time preferences …
Persistent link: https://www.econbiz.de/10013099719
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Framing Effects and Impatience : Evidence from a Large Scale Experiment
van der Heijden, Eline - 2013
We confront a representative sample of one 1,102 Dutch individuals with a series of incentivized investment decisions and also elicit their time preferences. There are two treatments that differ in the frequency at which individuals decide about the invested amount. The low frequency treatment...
Persistent link: https://www.econbiz.de/10013089008
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Prospect Theory and Tax Evasion : A Reconsideration of the Yitzhaki Puzzle
Piolatto, Amedeo - 2013
Yitzhaki puzzle). The existing literature disagrees on whether prospect theory overturns the puzzle. We disentangle four … distinct elements of prospect theory and find loss aversion and probability weighting to be redundant in respect of the puzzle …. Prospect theory fails to reverse the puzzle for various classes of endogenous specification of the reference level. These …
Persistent link: https://www.econbiz.de/10013072161
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Incentive Effects on Risk Attitude in Small Probability Prospects
Lefèbvre, Mathieu - 2009
predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …
Persistent link: https://www.econbiz.de/10013154976
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Climatic Roots of Loss Aversion
Galor, Oded - 2018
establishes that consistent with the predictions of the theory, individuals and ethnic groups that are originated in regions …
Persistent link: https://www.econbiz.de/10012910744
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Goals and Psychological Accounting
Koch, Alexander K. - 2011
broad account). To explain this evidence, our theory of endogenous narrow or broad psychological accounts combines insights …
Persistent link: https://www.econbiz.de/10013122976
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Tax Me If You Can! Optimal Nonlinear Income Tax between Competing Governments
Lehmann, Etienne - 2013
, extending the Diamond-Saez formula. The theory and numerical simulations on the US case show that the level and the slope of the …
Persistent link: https://www.econbiz.de/10013074211
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Delinquent Networks
Ballester, Coralio - 2009
Delinquents are embedded in a network of relationships. Social ties among delinquents are modeled by means of a graph where delinquents compete for a booty and benefit from local interactions with their neighbors. Each delinquent decides in a non-cooperative way how much delinquency effort he...
Persistent link: https://www.econbiz.de/10012763925
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Diasporas and Conflict
Mariani, Fabio - 2016
We build a model of conflict in which two groups contest a resource and must decide on the optimal allocation of labor between fighting and productive activities. In this setting, a diaspora emanating from one of the two groups can get actively involved in the conflict by transferring financial...
Persistent link: https://www.econbiz.de/10012981492