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has a systematic impact on observed degrees of risk aversion. This paper reports the findings of two experiments examining …
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Experimental evidence suggests that individual consumption has not only personal value but also enters the social part of the utility. Existing models of social preferences make ad hoc parametric assumptions about the nature of this duality. This creates a problem of experimental identification...
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<Para ID="Par1">This paper identifies, and tests experimentally, a prediction of the Nash bargaining axioms that may appear counterintuitive. The context is a simple bargaining problem in which two players have to agree a choice from three alternatives. One alternative favours one player and a second favours...</para>
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explain why: (i) some experiments result in higher than Cournot–Nash production levels while others result in lower, (ii …
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