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Joint inference and counterfactual experimentation for impulse response functions by local projections

Jordà, Òscar - 2007

This paper provides three measures of the uncertainty associated to an impulse response path: (1) conditional confidence bands which isolate the uncertainty of individual response coefficients given the temporal path experienced up to that point; (2) response percentile bounds} which provide...

Persistent link: https://www.econbiz.de/10010274338

The Problem of Cooperation and Reputation Based Choice

Bergh, Andreas; Engseld, Peter - 2006

The standard method when analyzing the problem of cooperation using evolutionary game theory is to assume that people … illustrate how reputation based choice of opponents can explain both the emergence and deterioration of cooperation. We show that … empirical and experimental evidence of cooperation is consistent with our hypothesis that people behave so as to minimize the …

Persistent link: https://www.econbiz.de/10013208482

Second Thoughts on Free Riding

Nielsen, Ulrik H.; Tyran, Jean-Robert; Wengström, Erik - 2013

, confusion, or natural swiftness in responding. Our results suggest that conditional cooperation serves as a norm and that free …

Persistent link: https://www.econbiz.de/10013208656

Curating Social Image: Experimental Evidence on the Value of Actions and Selfies

Holm, Håkan J.; Samahita, Margaret - 2016

publication. The overall conclusion from the experiment is that theory about social reputation can predict subjects' social … report results of a more exploratory nature and find that taking a selfie has a strong negative impact on cooperation among …

Persistent link: https://www.econbiz.de/10013208752

Grind or Gamble? An Experimental Analysis of Effort and Spread Seeking in Contests

Andersson, Ola; Holm, Håkan J.; Wengström, Erik - 2019

We conduct a contest experiment to study if spread seeking and effort can be managed in a situation where participants …

Persistent link: https://www.econbiz.de/10013208780

Individual Irrationality and Aggregate Outcomes

Fehr, Ernst; Tyran, Jean-Robert - Institut für Schweizerisches Bankwesen <Zürich> - 2005

There is abundant evidence that many individuals violate the rationality assumptions routinely made in economics. However, powerful evidence also indicates that violations of individual rationality do not necessarily refute the aggregate predictions of standard economic models that assume full...

Persistent link: https://www.econbiz.de/10005858769

Truth by consensus: A theoretical and empirical investigation

Camera, Gabriele; Garratt, Rod; Monnet, Cyril - 2024

the truth, regardless of economic incentives. We document results from an experiment where subjects routinely misreported …

Persistent link: https://www.econbiz.de/10014540144

How mindless is standard economics really?

Schipper, Burkhard C. - 2009

Contrary to claims by Gul and Pesendorfer (2008), I show that standard economics makes use of non-choice evidence in a meaningful way. This is because standard economics solely grounded in the theory of choice is incomplete. That is, it has content that can not be revealed with any general...

Persistent link: https://www.econbiz.de/10010282111

Speculative trade under unawareness: The infinite case

Meier, Martin; Schipper, Burkhard C. - 2013

We prove a no-speculative-trade theorem under unawareness for the infinite case. This generalizes the result for the finite case by Heifetz, Meier, and Schipper (2013).

Persistent link: https://www.econbiz.de/10010318836

A canonical model for interactive unawareness

Heifetz, Aviad; Meier, Martin; Schipper, Burkhard C. - 2005

Heifetz, Meier and Schipper (2005) introduced a generalized state-space model that allows for non-trivial unawareness among several individuals and strong properties of knowledge. We show that this generalized state-space model arises naturally if states consist of maximally consistent sets of...

Persistent link: https://www.econbiz.de/10010266382