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The canonical bargaining game in economics is the ultimatum game, played by tens of thousands of students around the world over the past three decades. In the ultimatum game, first studied by Werner Guth, Rolf Schmittberger, and Bernd Schwarze (1982), the “proposer” proposes how to split a...
Persistent link: https://www.econbiz.de/10012142368
The use of coarse categories is prevalent in various situations and has been linked to biased economic outcomes, ranging from discrimination against minorities to empirical anomalies in financial markets. In this paper we study economic rationales for categorizing coarsely. We think of the way...
Persistent link: https://www.econbiz.de/10010353550
For football executives, understanding the determinants of spectator no-show behavior better is of utmost importance. Recent research efforts, however, have primarily focused on exploring the potential effects of determinants that the club management can hardly influence (e.g., potential...
Persistent link: https://www.econbiz.de/10012430800
As the impacts of climate change are expected to be increasingly disruptive, a growing share of the economic literature moved to modelling approaches to address the interconnectedness of social, economic, and environmental issues. Among them, System Dynamics (SD) stands out as a well-established...
Persistent link: https://www.econbiz.de/10014230430
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The objective of the Analytical Strategic Environmental Assessment method is to provide a complementary and decision-centred approach to the SEA process. The focus is to evaluate the decision-making process instead of the quantitative output of an assessment. Thus, the project provides a...
Persistent link: https://www.econbiz.de/10011596905
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risk. However, it is only recently that this intuitive notion has been formalized and axiomatically characterized. We … one can jointly estimate attitudes towards uncertainty, attitudes towards risk, and subjective probabilities in a rigorous … uncertainty aversion in an empirically tractable manner. Our results show that attitudes towards risk and uncertainty can be …
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