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Porta, Rafael La - 1996

Several authors suggest that trust is an important determinant of cooperation between strangers in a society, and … cooperation trust hold up remarkably well on a cross-section of countries …

Persistent link: https://www.econbiz.de/10012472964

Cognitive Economics

Kimball, Miles S. - 2015

Cognitive Economics is the economics of what is in people's minds. It is a vibrant area of research (much of it within Behavioral Economics, Labor Economics and the Economics of Education) that brings into play novel types of data--especially novel types of survey data. Such data highlight the...

Persistent link: https://www.econbiz.de/10012457832

Heterogeneous Expectations and Bond Markets

Xiong, Wei - 2006

This paper presents a dynamic equilibrium model of bond markets, in which two groups of agents hold heterogeneous expectations about future economic conditions. Our model shows that heterogeneous expectations can not only lead to speculative trading, but can also help resolve several challenges...

Persistent link: https://www.econbiz.de/10012465881

Rational Heuristics? Expectations and Behaviors in Evolving Economies with Heterogeneous Interacting Agents

Dosi, Giovanni - 2020

We analyze the individual and macroeconomic impacts of heterogeneous expectations and action rules within an agent-based model populated by heterogeneous, interacting firms. Agents have to cope with a complex evolving economy characterized by deep uncertainty resulting from technical change,...

Persistent link: https://www.econbiz.de/10012481880

International Environmental Agreements among Heterogeneous Countries with Social Preferences

Kolstad, Charles D. - 2014

free riding. Experiments and empirical evidence with individuals suggests higher levels of cooperation. This is a major …Achieving efficiency for many global environmental problems requires voluntary cooperation among sovereign countries … economics seeks to understand how cooperation among countries on pollution abatement can be facilitated. However, why …

Persistent link: https://www.econbiz.de/10012458462

Voluntary Public Goods Provision, Coalition Formation, and Uncertainty

Burger, Nicholas E. - 2009

The literature on voluntary provision of public goods includes recent theoretical work on the formation of voluntary coalitions to provide public goods. Theory is ambiguous on the equilibrium coalition size and contribution rates. We examine the emergence of coalitions, their size, and how...

Persistent link: https://www.econbiz.de/10012463106

An Economic Approach to Alleviate the Crises of Confidence in Science : With an Application to the Public Goods Game

Butera, Luigi - 2017

begin by reporting results from an experiment in which we investigate how cooperation in allocation games is affected by the … that adding uncertainty enhances cooperation. This surprising result serves as a test case for our mechanism: instead of …

Persistent link: https://www.econbiz.de/10012455346

Starting Small : Endogenous Stakes and Rational Cooperation

Andreoni, James - 2016

types can be exploited to enhance cooperation by structuring the twice-played prisoners' dilemma to "start small," so that …

Persistent link: https://www.econbiz.de/10012456738

Can Myopic Loss Aversion Explain the Equity Premium Puzzle? Evidence from a Natural Field Experiment with Professional Traders

Larson, Francis - 2016

combining myopia and loss aversion. Complementing the behavioral theory is evidence from laboratory experiments, which provide …-by-minute trading observations from over 864,000 price realizations in a natural field experiment, we find data patterns consonant with …

Persistent link: https://www.econbiz.de/10012456074

Field Experiments on Discrimination

Bertrand, Marianne - 2016

This article reviews the existing field experimentation literature on the prevalence of discrimination, the consequences of such discrimination, and possible approaches to undermine it. We highlight key gaps in the literature and ripe opportunities for future field work. Section 1 reviews the...

Persistent link: https://www.econbiz.de/10012456659