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Identity, Homophily and In-Group Bias
Currarini, Sergio; Menge, Friederike - Fondazione ENI Enrico Mattei (FEEM) - 2012
School of Economics, University of Nottingham, University Park Campus and Department of Economics (AE1), Maastricht University
Persistent link: https://www.econbiz.de/10010552188
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Incorporating Fairness Motives into the Impulse Balance Equilibrium and Quantal Response Equilibrium Concepts: An Application to 2x2 Games
Tavoni, Alessandro - Fondazione ENI Enrico Mattei (FEEM) - 2009
Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...
Persistent link: https://www.econbiz.de/10005008036
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Relative Income Position and Performance: An Empirical Panel Analysis
Torgler, Benno; Schmidt, Sascha L.; Frey, Bruno S. - Fondazione ENI Enrico Mattei (FEEM) - 2006
Many studies have established that people care a great deal about their relative economic position and not solely, as standard economic theory assumes, about their absolute economic position. However, behavioral evidence is rare. This paper provides an empirical analysis on how individuals’...
Persistent link: https://www.econbiz.de/10005423259
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Does Envy Destroy Social Fundamentals? The Impact of Relative Income Position on Social Capital
Torgler, Benno; Fischer, Justina A.V. - Fondazione ENI Enrico Mattei (FEEM) - 2006
Research evidence on the impact of relative income position on individual attitudes and behaviour is sorely lacking. Therefore, this paper assesses such positional impact on social capital by applying 14 different measurements to International Social Survey Programme data from 25 countries. We...
Persistent link: https://www.econbiz.de/10005230827
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Choosing to Have Less Choice
Salgano, Maria - Fondazione ENI Enrico Mattei (FEEM) - 2006
This paper investigates choice between opportunity sets. I argue that individuals may prefer to have fewer options for … two reasons: First, smaller choice sets may provide information and reduce the need for the agent to contemplate the … alternatives. Second, contemplation costs may be increasing in the size of the choice set, making smaller sets more desirable even …
Persistent link: https://www.econbiz.de/10005385513
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Climate Change and Tourism in Tuscany, Italy. What if heat becomes unbearable?
Cai, Mattia; Ferrise, Roberto; Moriondo, Marco; Nunes, … - Fondazione ENI Enrico Mattei (FEEM) - 2011
This paper investigates the empirical magnitude of climate conditions on tourist flows in Tuscany, exploring the use of a fine spatial scale analysis. In fact, we explore the use of an 8-year panel dataset of Tuscany’s 254 municipalities, examining how tourist inflows respond to variation in...
Persistent link: https://www.econbiz.de/10009321001
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Games on Networks: Direct Complements and Indirect Substitutes
Currarini, Sergio; Fumagalli, Elena; Panebianco, Fabrizio - Fondazione ENI Enrico Mattei (FEEM) - 2013
Many types of economic and social activities involve significant behavioral complementarities (peer effects) with neighbors in the social network. The same activities often exert externalities that cumulate in "stocks" affecting agents' welfare and incentives. For instance, smoking is subject to...
Persistent link: https://www.econbiz.de/10010610790
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Efficient Random Assignment under a Combination of Ordinal and Cardinal Information on Preferences
Athanassoglou, Stergios - Fondazione ENI Enrico Mattei (FEEM) - 2011
Consider a collection of m indivisible objects to be allocated to n agents, where m = n. Each agent falls in one of two distinct categories: either he (a) has a complete ordinal ranking over the set of individual objects, or (b) has a set of “plausible” benchmark von Neumann-Morgenstern...
Persistent link: https://www.econbiz.de/10008853071
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Variation in Risk Seeking Behavior in a Natural Experiment on Large Losses Induced by a Natural Disaster
Page, Lionel; Savage, David; Torgler, Benno - Fondazione ENI Enrico Mattei (FEEM) - 2012
This study explores people's risk attitudes after having suffered large real-world losses following a natural disaster. Using the margins of the 2011 Australian floods (Brisbane) as a natural experimental setting, we find that homeowners who were victims of the floods and face large losses in...
Persistent link: https://www.econbiz.de/10010904916
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Bounded Rationality and Voting Decisions Exploring a 160-Year Period
Stadelmann, David; Torgler, Benno - Fondazione ENI Enrico Mattei (FEEM) - 2012
Using a natural voting experiment in Switzerland that encompasses a 160-year period (1848–2009), we investigate whether a higher level of complexity leads to increased reliance on expert knowledge. We find that when more referenda are held on the same day, constituents are more likely to refer...
Persistent link: https://www.econbiz.de/10010904923