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Do managers overreact to salient risks? : evidence from hurricane strikes
Dessaint, Olivier; Matray, Adrien - 2013
We study how managers respond to hurricane events when their firms are located in the neighborhood of the disaster area. We find that the sudden shock to the perceived liquidity risk leads managers to increase corporate cash holdings and to express more concerns about hurricane risk in...
Persistent link: https://www.econbiz.de/10010391950
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Lois Et Normes : Les Enseignements De L'Economie Comportementale (Laws and Social Norms: Lessons of Experimental Economics)
Fluet, Claude - 2015
French Abstract: Nous discutons de quelques développements récents en économie expérimentale sur la relation entre la loi et les normes sociales dans la détermination des comportements. Dans l'approche traditionnelle de l'analyse économique du droit, l'effectivité des lois repose...
Persistent link: https://www.econbiz.de/10013022131
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Voluntary Contributions and Framing effect: Theory and Evidence
VERGNAUD, Jean-Christophe; WILLINGER, Marc; … - Bureau d'Économie Théorique et Appliquée (BETA), … - 1999
subjects’ choices generate a negative externality, while in the public good experiment, the actions of the other subjects … create a positive externality. In this paper we designed an experiment which allows us to compare the level of … overcontribution of the two contexts. Our experiment shows that subjects in the positive context contribute (significantly) more to the …
Persistent link: https://www.econbiz.de/10005385259
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Risque relatif et sélection d'équilibre dans un jeu de coordination : une analyse expérimentale
Dubois, Dimitri; Willinger, Marc; Van, Phu Nguyen - Théorie Économique, Modélisation, Application … - 2006
We compare the experimental results of three stag-hunt games. In contrast to Battalio et al.(2001), our design keeps the relative riskiness of the two strategies at a constant level as the optimisation premium is increased. Furthermore, we also test the effect of a decrease of the relative...
Persistent link: https://www.econbiz.de/10005328255
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Besoin d'être stimulé ? Le rôle de l'association symbolique dans l'évaluation de l'environnement.
Ardelet-Massieu, Caroline; Briand-Decre, Gwenaëlle; … - Université Paris-Dauphine
Cet article pose les premières bases d’un modèle de marketing sensoriel qui articulerait les concepts d’évocation, d’inférence, et de niveau de stimulation des consommateurs. Nous faisons l’hypothèse que le consommateur doit être suffisamment stimulé pour que le processus...
Persistent link: https://www.econbiz.de/10009493400
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Faire émerger la coopération internationale : une approche expérimentale comparée du bilatéralisme et du multilatéralisme.
Betrand, Stéphane; My, Kene Boun; Verchère, Alban - Bureau d'Économie Théorique et Appliquée (BETA), … - 2005
Nous étudions expérimentalement le comportement de sujets confrontés, dans une population, à une multiplicité de jeux du dilemme du prisonnier, suivant que les interactions sont bilatérales ou multilatérales. Nous observons, (i), une coopération significativement supérieure en cas de...
Persistent link: https://www.econbiz.de/10005422881
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Rethinking nudges
Mongin, Philippe; Cozic, Mikaël - 2014
Nudge is a semantically multifarious concept that originates in Thaler and Sunstein's (2008) popular eponymous book. In one of its senses, it is a policy for redirecting an agent's choices by only slightly altering his choice conditions, in another sense, it is concerned with bounded rationality...
Persistent link: https://www.econbiz.de/10010502145
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Dynamic sender-receiver games
Renault, Jérôme; Solan, Eilon; Vieille, Nicolas - 2012
We consider a dynamic version of sender-receiver games, where the sequence of states follows an irreducible Markov chain observed by the sender. Under mild assumptions, we provide a simple characterization of the limit set of equilibrium payoffs, as players become very patient. Under these...
Persistent link: https://www.econbiz.de/10010380794
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Confidence as a source of deferral
Hill, Brian - 2014
One apparent reason for deferring a decision – abstaining from choosing, leaving the decision open to be taken by someone else, one’s later self, or nature – is for lack of sufficient confidence in the relevant beliefs. This paper develops an axiomatic theory of decision in situations...
Persistent link: https://www.econbiz.de/10010501389
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A bounded rationality model of information search and choice in preference measurement
Yang, Cathy L.; Toubia, Olivier; Jong, Martijn G. de - 2014
It is becoming increasingly easier for researchers and practitioners to collect eye tracking data during online preference measurement tasks. We develop a dynamic discrete choice model of information search and choice under bounded rationality, that we calibrate using a combination of...
Persistent link: https://www.econbiz.de/10010502068