Showing 1 - 10 of 245
In a punishment experiment, we separate the demand for punishment in general from the demand to conduct punishment …
Persistent link: https://www.econbiz.de/10011257296
the size of credible deviations. In our experiment, we find support for the relevance of credible deviations. In addition …
Persistent link: https://www.econbiz.de/10008838631
organize data well in previous experiments meant to test other concepts. This experiment provides the first systematic test of …
Persistent link: https://www.econbiz.de/10011256353
the size of credible deviations. In our experiment, we find support for the relevance of credible deviations. In addition …
Persistent link: https://www.econbiz.de/10011256700
In the past, many refinements have been proposed to select equilibria in cheap talk games. Usually, these refinements were motivated by a discussion of how rational agents would reason in some particular cheap talk games. In this paper, we propose a new refinement and stability measure that is...
Persistent link: https://www.econbiz.de/10011257267
explain decay in contributions in repeated play designs. The experiment shows there is a workable alternative to deception.<BR><BR> …Lying to participants offers an experimenter the enticing prospect of making "others' behaviour" a controlled variable … a new experimental design, the Conditional Information Lottery, which offers all the benefits of deception without …
Persistent link: https://www.econbiz.de/10005136962
Lying to participants offers an experimenter the enticing prospect ofmaking "others' behaviour" a controlled variable … experiment shows there is a workable alternative todeception. …
Persistent link: https://www.econbiz.de/10011256339
We theoretically and experimentally study voter behavior in a setting characterized by plurality rule and mandatory voting, where voters choose from three options. We are interested in the occurrence of strategic voting in an environment where Condorcet cycles may occur. In particular, we focus...
Persistent link: https://www.econbiz.de/10008838645
Rational expectations assumes perfect, model consistency between beliefs and market realizations. Here we discuss behaviorally rational expectations, characterized by an observable, parsimonious and intuitive form of consistency between beliefs and realizations. We discuss three case-studies....
Persistent link: https://www.econbiz.de/10011255795
We discuss recent work on bounded rationality and learning in relation to Soros' principle of reflexivity and stress the empirical importance of non-rational, almost self-fulfilling equilibria in positive feedback systems. As an empirical example, we discuss a behavioral asset pricing model with...
Persistent link: https://www.econbiz.de/10011255872