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African Development,Partnership and Rationality Challenge:An Exposition
NWAOBI, GODWIN - Volkswirtschaftliche Fakultät, … - 2013
Since 1950s, most African nations have gained independence from their colonial powers. Fortunately, independence has brought many changes to these nations and these include multi-party democratic government and western education systems. Unfortunately, the Africa’s economy is the least...
Persistent link: https://www.econbiz.de/10011259767
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How to adapt to changing markets: experience and personality in a repeated investment game
Hopfensitz, Astrid; Wranik, Tanja - Volkswirtschaftliche Fakultät, … - 2009
investigate who is more likely to adapt their investment behaviors to the changing market conditions, we also measured personality … experience (students, professionals), personality (anxiety, optimism, impulsivity, and Openness to Experience), and self … significantly differ from students in their decisions. Personality and self-efficacy both predicted investment behavior. In …
Persistent link: https://www.econbiz.de/10008531713
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Psychological and environmental determinants of myopic loss aversion
Hopfensitz, Astrid; Wranik, Tanja - Volkswirtschaftliche Fakultät, … - 2008
opportunity to make changes every three rounds. We collected information about personality and individual difference factors … observed; rather, we found both an experience effect and a personality effect. In particular, myopic loss aversion was … investors with low self-efficacy concerning the investment situation. ‘Self efficacy’ is related to a personality profile …
Persistent link: https://www.econbiz.de/10005789943
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Human capital investment by the poor: Informing policy with laboratory experiments
Eckel, Catherine; Johnson, Cathleen; Montmarquette, Claude - Volkswirtschaftliche Fakultät, … - 2012
The purpose of the study is to better understand human capital investment decisions of the working poor, and to collect information that can be used to design a policy to induce the poor to invest in human capital. We use laboratory experimental methodology to elicit the preferences and observe...
Persistent link: https://www.econbiz.de/10011259527
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Measuring social capital with a myograph
Roberto, Censolo; Laila, Craighero; Luciano, Fadiga; … - Volkswirtschaftliche Fakultät, … - 2006
We study the behavior of 12 pairs of undergraduate students while they were involved in a simple coordination game requiring motor interaction. Three experimental conditions were defined according to whether a monetary prize was given to both or only one subject, if the couple was in...
Persistent link: https://www.econbiz.de/10005835965
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Towards an understanding of the endogenous nature of group identification in games
Smith, John; Bezrukova, Katerina - Volkswirtschaftliche Fakultät, … - 2012
It is commonly assumed that identification with a social group is constant throughout the play of a one-shot game in the absence of feedback. We provide evidence which challenges this assumption. We direct subjects to play one of two versions of the prisoner's dilemma game. These versions are...
Persistent link: https://www.econbiz.de/10011114343
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Beyond Extended Phenotype Evolution of extended identity in order to reconcile study of humanity with biological evolution
Mezgebo, Taddese - Volkswirtschaftliche Fakultät, … - 2014
The question: “How much of biological evolution based theories, as they are understood presently, apply to human behaviour?” is highly controversial and perhaps highly politicized as well. The inference that human beings are evolutionarily programmed to have urges toward aggression, rape,...
Persistent link: https://www.econbiz.de/10011258986
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Fanning-Out or Fanning-In? Continuous or Discontinuous? Estimating Indifference Curves Inside the Marschak-Machina Triangle using Certainty Equivalents.
Kontek, Krzysztof - Volkswirtschaftliche Fakultät, … - 2015
This paper introduces a new method of estimating indifference curves in the Marschak-Machina triangle. The method involves posing questions about indifference. Contrary to previous attempts, where subjects were required to identify those lotteries to which they were indifferent vis-à-vis a...
Persistent link: https://www.econbiz.de/10011268350
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A reconciliation of time preference elicitation methods
Drichoutis, Andreas; Nayga, Rodolfo - Volkswirtschaftliche Fakultät, … - 2013
We reconcile �findings from the Multiple Price List method (Andersen et al., 2008) and the Convex Time Budget method (Andreoni and Sprenger, 2012a) that seem to have generated a heated debate in the time preference literature. Specifi�cally, we discuss the claims of Andreoni and Sprenger...
Persistent link: https://www.econbiz.de/10011260062
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Communication of uncertainty in weather forecasts
Marimo, Pricilla; Kaplan, Todd R; Mylne, Ken; Sharpe, Martin - Volkswirtschaftliche Fakultät, … - 2012
Experimental economics methods were used to assess public understanding of information in weather forecasts and test whether the participants were able to make better decisions using the probabilistic information presented in table or bar graph formats than if they are presented with a...
Persistent link: https://www.econbiz.de/10011260548