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Are Expectations Formed by the Anchoring-and-adjustment Heuristic? – An Experimental Investigation
Roos, Michael W. M.; Luhan, Wolfgang J. - 2008
Previous experimental investigations have shown that expectations are not perfectly rational due to bias. Traditional … adaptive models, however, in many cases do not perfectly describe the formation of expectations either. This paper makes two … contributions to the experimental literature on the formation of expectations: First, we investigate whether subjects who have more …
Persistent link: https://www.econbiz.de/10010264725
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As if or What? – Expectations and Optimization in a Simple Macroeconomic Environment
Roos, Michael W. M.; Luhan, Wolfgang J. - 2008
In this paper we report the results of a laboratory experiment, in which we observed the behavior of agents in a simple macroeconomic setting. The structure of the economy was only partially known to the players which is a realistic feature of our experiment. We investigate whether subjects...
Persistent link: https://www.econbiz.de/10010264726
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Inflation perception and the formation of inflation expectations
Schmidt, Torsten; Müller, Henrik; Rieger, Jonas; … - 2023
inflation expectations of firms and households. Our results reveal that the link between reporting about inflation and changes … in inflation expectations is time-dependent. During periods of intensive newspaper coverage of inflation developments, a … correlation with inflation expectations emerges that does not exist at other times. Such correlations are evident after the …
Persistent link: https://www.econbiz.de/10014317116
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As if or What? – Expectations and Optimization in a Simple Macroeconomic Environment
Roos, Michael W.M.; Luhan, Wolfgang J. - Rheinisch-Westfälisches Institut für … - 2008
In this paper we report the results of a laboratory experiment, in which we observed the behavior of agents in a simple macroeconomic setting. The structure of the economy was only partially known to the players which is a realistic feature of our experiment. We investigate whether subjects...
Persistent link: https://www.econbiz.de/10005738726
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Are Expectations Formed by the Anchoring-and-adjustment Heuristic? – An Experimental Investigation
Roos, Michael W.M.; Luhan, Wolfgang J. - Rheinisch-Westfälisches Institut für … - 2008
Previous experimental investigations have shown that expectations are not perfectly rational due to bias. Traditional … adaptive models, however, in many cases do not perfectly describe the formation of expectations either. This paper makes two … contributions to the experimental literature on the formation of expectations: First, we investigate whether subjects who have more …
Persistent link: https://www.econbiz.de/10005436115
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Why Are More Boys Born During War? - Evidence from Germany at Mid Century
Bethmann, Dirk; Kvasnicka, Michael - 2009
In belligerent countries, male-to-female sex ratios at birth increased during and shortly after the two world wars. These rises still defy explanation. Several causes have been suggested (but not tested) in the literature. Many of these causes are proximate in nature, reflecting behavioral...
Persistent link: https://www.econbiz.de/10010265812
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Less alimony after divorce: Spouses' behavioral response to the 2008 alimony reform in Germany
Bredtmann, Julia; Vonnahme, Christina - 2017
' behavioral responses to the reform. The results do not confirm theoretical expectations from labor supply and household …
Persistent link: https://www.econbiz.de/10011746151
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Fertility effects of college education: Evidence from the German educational expansion
Kamhöfer, Daniel A.; Westphal, Matthias - 2017
We estimate the effects of college education on female fertility - a so far understudied margin of education, which we instrument by arguably exogenous variation induced through college expansions. While college education reduces the probability of becoming a mother, college-educated mothers...
Persistent link: https://www.econbiz.de/10011764714
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A Theory of Child Adoption
Bethmann, Dirk; Kvasnicka, Michael - 2012
Women can bear own children or adopt them. Extending economic theories of fertility, we provide a first theoretical treatment of the demand for adoption. We show that the propensity to adopt a child increases in the degree of own altruism, infertility, relatedness to the child, costs of own...
Persistent link: https://www.econbiz.de/10010287345
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A Theory of Child Adoption
Bethmann, Dirk; Kvasnicka, Michael - Rheinisch-Westfälisches Institut für … - 2012
Women can bear own children or adopt them. Extending economic theories of fertility, we provide a first theoretical treatment of the demand for adoption. We show that the propensity to adopt a child increases in the degree of own altruism, infertility, relatedness to the child, costs of own...
Persistent link: https://www.econbiz.de/10010556739