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Preferences-dependent learning in the Centipede game

Gamba, Astrid; Regner, Tobias - 2015

We study experimentally whether heterogeneity of behavior in the Centipede game can be interpreted as the result of a learning process of individuals with different preference types (more and less pro-social) and coarse information regarding the opponent's past behavior. We manipulate the...

Persistent link: https://www.econbiz.de/10011326679

The minority of three-game: an experimental and theoretical analysis

Chmura, Thorsten; Güth, Werner; Pitz, Thomas; … - 2010

; Mixed strategy ; Learning models ; Experiments …

Persistent link: https://www.econbiz.de/10008689027

Learning in networks : an experimental study using stationary concepts

Berninghaus, Siegfried; Neumann, Thomas; Vogt, Bodo - 2011

Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 x 2 games used by Selten and Chmura (2008) and in the comment by Brunner, Camerer and Goeree (2009). Every participant played against four neighbors and could choose a different...

Persistent link: https://www.econbiz.de/10009315048

The distribution of consumption-expenditure budget shares : evidence from Italian households

Barigozzi, Matteo; Alessi, Lucia; Capasso, Marco; … - 2008

This paper explores the statistical properties of household consumption-expenditure budget shares distributions (HBSDs) - defined as the share of household total expenditure spent for purchasing a specific category of commodities - for a large sample of Italian households in the period...

Persistent link: https://www.econbiz.de/10008729580

On the distributional properties of household consumption expenditures : the case of Italy

Fagiolo, Giorgio; Alessi, Lucia; Barigozzi, Matteo; … - 2007

In this paper we explore the statistical properties of the distributions of consumption expenditures for a large sample of Italian households in the period 1989-2004. Goodness-of-fit tests show that household aggregate (and age-conditioned) consumption distributions are not log-normal. Rather,...

Persistent link: https://www.econbiz.de/10003746056

The "Schumpeterian" and the "Keynesian" Stiglitz : learning, coordination hurdles and growth trajectories

Dosi, Giovanni; Virgillito, Maria Enrica - 2016

This work, which shall contribute to the Fest "A Just Society: Honouring Joseph Stiglitz", discusses a major unifying theme in Joe Stiglitz monumental work, namely, the analysis of economies characterised by persistent learning and coordination hurdles. In his analysis Joe is in many respects a...

Persistent link: https://www.econbiz.de/10011458677

Boundedly rational opinion dynamics in social networks : does indegree matter?

Battiston, Pietro; Stanca, Luca M. - 2015

This paper investigates opinion dynamics and social influence in directed communication networks. We study the theoretical properties of a boundedly rational model of opinion formation in which individuals aggregate the information they receive from their neighbors by using weights that are a...

Persistent link: https://www.econbiz.de/10010510796

On the robustness of the fat-tailed distribution of firm growth rates : a global sensitivity analysis

Dosi, Giovanni; Pereira, Marcelo de Carvalho; … - 2016

Firms grow and decline by relatively lumpy jumps which cannot be accounted by the cumulation of small, "atom-less", independent shocks. Rather "big" episodes of expansion and contraction are relatively frequent. More technically, this is revealed by fat tail distributions of growth rates. This...

Persistent link: https://www.econbiz.de/10011446461

Optimistic, but not in control : life-orientation and the theory of mixed control

Urbig, Diemo; Monsen, Erik - 2009

external factors, such as powerful others or chance. Furthermore, some authors suggest that internal control beliefs interact … with self-efficacy beliefs regarding their effects on outcome expectancies and thus optimism. We argue that it is not only … self-efficacy that interacts, but efficacy beliefs about external factors, too. We further hypothesize that the effect of …

Persistent link: https://www.econbiz.de/10003809924

The use and effect of social capital in new venture creation : solo entrepreneurs vs. new venture teams

Cantner, Uwe; Stützer, Michael - 2010

This paper examines the use of social capital in the venture creation process. We compare solo entrepreneurs (n=182) and new venture teams (n=274) from a random sample of start-ups in innovative industries and test social capital use and its effects on firm performance. Our results reveal that...

Persistent link: https://www.econbiz.de/10003944132