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experiment, however, individuals have much more information available than outside the lab. We conduct a lab experiment to test … share of subjects behaves proscially and a concern for effciency plays an important role. In our experiment the information …
Persistent link: https://www.econbiz.de/10011490225
In most laboratory experiments concerning prosocial behavior subjects are fully informed how their decision influences … knowledge. To asses the effect of information asymmetries on prosocial behavior, we conduct a laboratory experiment with a … a consequence and the main finding of our experiment, uninformed dictators behave more prosocially than informed …
Persistent link: https://www.econbiz.de/10011492114
effect on higher moments of the distribution remains unexplored. Through a pre-registered online experiment (N=732), we find …
Persistent link: https://www.econbiz.de/10014515782
We consider optimal monetary stabilization policy in a New Keynesian model with explicit microfoundations, when the central bank recognizes that private-sector expectations need not be precisely model-consistent, and wishes to choose a policy that will be as good as possible in the case of any...
Persistent link: https://www.econbiz.de/10011489843
The booms and busts in U.S. stock prices over the post-war period can to a large extent be explained by fluctuations in investors' subjective capital gains expectations. Survey measures of these expectations display excessive optimism at market peaks and excessive pessimism at market throughs....
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