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Voluntary contributions with risky and uncertain marginal returns: The importance of the minimal value
Levati, Maria Vittoria; Morone, Andrea - 2009
contributions. This paper presents experimental results illustrating that the effects of risk and uncertainty depend on the employed … efficiency gains, the presence of risk and uncertainty about the public good's value is not detrimental to cooperation. This … ?nding casts doubt on the hypothesis that risk and uncertainty, per se, weaken people's willingness to contribute. …
Persistent link: https://www.econbiz.de/10010275042
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Voluntary contributions with risky and uncertain marginal returns: the importance of the minimal value
Levati, M. Vittoria; Morone, Andrea - Wirtschaftswissenschaftliche Fakultät, … - 2009
contributions. This paper presents experimental results illustrating that the effects of risk and uncertainty depend on the employed … efficiency gains, the presence of risk and uncertainty about the public good's value is not detrimental to cooperation. This … ?nding casts doubt on the hypothesis that risk and uncertainty, per se, weaken people's willingness to contribute. …
Persistent link: https://www.econbiz.de/10004964131
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A Nash threat game of passing through Exchange Rate Mechanism II
Fahrholz, Christian - 2007
Following entrance into the European Union, Central Eastern European Countries (CEECs) are expected to join the European Monetary Union (EMU). These countries may incur considerable costs over the course of their passing through the required Exchange Rate Mechanism II (ERM-II). However, with...
Persistent link: https://www.econbiz.de/10010263809
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A Nash Threat Game of Passing Through Exchange Rate Mechanism II
Fahrholz, Christian - Wirtschaftswissenschaftliche Fakultät, … - 2007
Following entrance into the European Union, Central Eastern European Countries (CEECs) are expected to join the European Monetary Union (EMU). These countries may incur considerable costs over the course of their passing through the required Exchange Rate Mechanism II (ERM-II). However, with...
Persistent link: https://www.econbiz.de/10005090518
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Cooperation in a risky environment: Decisions from experience in a stochastic social dilemma
Artinger, Florian; Fleischhut, Nadine; Levati, M. Vittoria - 2012
Often in cooperative situations, many aspects of the decision-making environment are uncertain. We investigate how cooperation is shaped by the way information about risk is presented (from description or from experience) and by differences in risky environments. Drawing on research from risky...
Persistent link: https://www.econbiz.de/10010291829
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To friends everything, to strangers the law? An experiment on contract enforcement and group identity
Panganiban, Marian - 2015
Although the role of formal and informal institutions in promoting economic growth and sustaining exchange relations is now well established, explaining and differentiating how informal and formal rules affect individual behavior remain a challenge. This study aims to distill the essential...
Persistent link: https://www.econbiz.de/10011419477
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Loss aversion and mental accounting: the favorite longshot bias in parimutuel betting
Qiu, Jianying - 2007
Parimutuel betting markets are simplified financial markets, and can thus provide a clearer view of pricing issues which are more complicated elsewhere. Though empirical studies generally conclude that the parimutuel betting markets are surprisingly efficient, it is also found that for horses...
Persistent link: https://www.econbiz.de/10010263792
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Imperfect recall and time inconsistencies: An experimental test of the absentminded driver 'paradox'
Levati, Maria Vittoria; Uhl, Matthias; Zultan, Ro'i - 2010
Absentmindedness is a special case of imperfect recall which according to Piccione and Rubinstein (1997a) leads to time inconsistencies. Aumann, Hart and Perry (1997a) question their argument and show how dynamic inconsistencies can be resolved. The present paper explores this issue from a...
Persistent link: https://www.econbiz.de/10010277338
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A simple questionnaire can change everything: Are strategy choices in coordination games stable?
Berninghaus, Siegfried K.; Todorova, Lora; Vogt, Bodo - 2011
This paper presents results from an experiment designed to study the effect of self reporting risk preferences on strategy choices made in a subsequently played 2 X 2 coordination game. The main finding is that the act of answering a questionnaire about one's own risk preferences significantly...
Persistent link: https://www.econbiz.de/10010286484
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Loss aversion and mental accounting: the favorite longshot bias in parimutuel betting
Qiu, Jianying - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007
Parimutuel betting markets are simplified financial markets, andcan thus provide a clearer view of pricing issues which are more complicatedelsewhere. Though empirical studies generally conclude thatthe parimutuel betting markets are surprisingly efficient, it is alsofound that for horses with...
Persistent link: https://www.econbiz.de/10005866605