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The Prediction Value
Koster, Maurice; Kurz, Sascha; Lindner, Ines; Napel, Stefan - 2013
We introduce the prediction value (PV) as a measure of players' informational importance in probabilistic TU games. The latter combine a standard TU game and a probability distribution over the set of coalitions. Player i's prediction value equals the difference between the conditional...
Persistent link: https://www.econbiz.de/10010328331
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The Prediction Value
Koster, Maurice; Kurz, Sascha; Lindner, Ines; Napel, Stefan - 2013
We introduce the prediction value (PV) as a measure of players’ informational importance in probabilistic TU games. The latter combine a standard TU game and a probability distribution over the set of coalitions. Player i’s prediction value equals the difference between the conditional...
Persistent link: https://www.econbiz.de/10014151253
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Negative Reciprocity and the Interaction of Emotions and Fairness Norms
Reuben, Ernesto; van Winden, Frans - 2005
This experimental study investigates how behavior changes after punishment for an unkind action. It also studies how … fairness perceptions affect the reaction to punishment and whether this effect is consistent across repeated play and role …
Persistent link: https://www.econbiz.de/10010325446
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The Dark Side of Personality: Anti-Sociality Increases Strategic Game Play
Engelmann, Jan; Schmid, Basil; Chumbley, Justin; Fehr, Ernst - 2018
shifts induced by these environmental changes: when punishment was not available to investors, we observe significantly lower … levels of investor trust and trustee reciprocity, while there is a significant increase in both behaviors when punishment was … adjustment of decision strategies in the presence of punishment. These results demonstrate that anti-social personality …
Persistent link: https://www.econbiz.de/10011819525
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Fake News and Indifference to Truth: Dissecting Tweets and State of the Union Addresses by Presidents Obama and Trump
Allen, David E.; McAleer, Michael; Reid, David McHardy - 2018
State of the Union Addresses (SOUA) by two recent US Presidents, President Obama (2016) and President Trump (2018), and a series of recent of tweets by President Trump, are analysed by means of the data mining technique, sentiment analysis. The intention is to explore the contents and sentiments...
Persistent link: https://www.econbiz.de/10011819535
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BayesMultiMode: Bayesian Mode Inference in R
Basturk, Nalan; Cross, Jamie; de Knijff, Peter; … - 2023
Multimodal empirical distributions arise in many fields like Astrophysics, Bioinformatics, Climatology and Economics due to the heterogeneity of the underlying populations. Mixture processes are a popular tool for accurate approximation of such distributions and implied mode detection. Using...
Persistent link: https://www.econbiz.de/10014321814
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Fuzzy firm name matching: Merging Amadeus firm data to PATSTAT
Bremer, Leon - 2023
When merging firms across large databases in the absence of common identifiers, text algorithms can help. I propose a high-performance fuzzy firm name matching algorithm that uses existing computational methods and works even under hardware restrictions. The algorithm consists of four steps,...
Persistent link: https://www.econbiz.de/10014469390
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Train Commuters' Scheduling Preferences: Evidence from a Large-Scale Peak Avoidance Experiment
Peer, Stefanie; Knockaert, Jasper; Verhoef, Erik - 2015
We study the trip scheduling preferences of train commuters in a real-life setting. The underlying data have been collected during large-scale peak avoidance experiment conducted in the Netherlands, in which participants could earn monetary rewards for traveling outside peak hours. The...
Persistent link: https://www.econbiz.de/10011403536
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Monetary Policy under Behavioral Expectations: Theory and Experiment
Hommes, Cars; Massaro, Domenico; Weber, Matthias - 2015
Expectations play a crucial role in modern macroeconomic models. We replace the common assumption of rational expectations in a New Keynesian framework by the assumption that expectations are formed according to a heuristics switching model that has performed well in earlier work. We show how...
Persistent link: https://www.econbiz.de/10011403541
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An Experimental Investigation of Wage Taxation and Unemployment in Closed and Open Economies
Riedl, Arno; van Winden, Frans - 2000
We investigate experimentally the economic effects of wage taxation to finance unemployment benefits for a closed economy and an international economy. The main findings are the following. (i) There is clear evidence of a vicious circle in the dynamic interaction between the wage tax and...
Persistent link: https://www.econbiz.de/10010324476