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Can we manage first impressions in cooperation problems? An experimental study on "Broken (and Fixed) Windows"
Engel, Christoph; Kube, Sebastian; Kurschilgen, Michael - 2011
Cooperation problems are at the heart of many everyday situations. In this paper, we propose a very simple and light-handed mechanism to sustain cooperation and test its performance in a rich laboratory environment. The mechanism moderates cooperation by controlling experiences, more...
Persistent link: https://www.econbiz.de/10010281841
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Can we manage first impressions in cooperation problems? : an experimental study on "Broken (and Fixed) Windows"
Engel, Christoph; Kube, Sebastian; Kurschilgen, Michael - 2011
Cooperation problems are at the heart of many everyday situations. In this paper, we propose a very simple and light-handed mechanism to sustain cooperation and test its performance in a rich laboratory environment. The mechanism moderates cooperation by controlling experiences, more...
Persistent link: https://www.econbiz.de/10009007141
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Learning the Law
Engel, Christoph - 2004
psychology of learning, and work form social scientists on learning.The paper makes the following claim: typically the law … reaches its addressees indirectly. The law is not followed, it is learned. There are two distinct learning objects. Throughout … take the form of schema-like social mirror rules, or of exemplars.Learning also is the key to understanding how individuals …
Persistent link: https://www.econbiz.de/10010324009
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Learning the law
Engel, Christoph - 2004
psychology of learning, and work form social scientists on learning.The paper makes the following claim: typically the law … reaches its addressees indirectly. The law is not followed, it is learned. There are two distinct learning objects. Throughout … take the form of schema-like social mirror rules, or of exemplars.Learning also is the key to understanding how individuals …
Persistent link: https://www.econbiz.de/10011582792
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Monetary policy, indeterminacy and learning
Evans, George W.; McGough, Bruce - 2003
under private agent learning can in some cases be stable when the observed sunspot has a suitable time series structure. In …
Persistent link: https://www.econbiz.de/10010298274
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Near-rational exuberance
Bullard, James; Evans, George W.; Honkapohja, Seppo - 2005
We study how the use of judgement or “add-factors” in macroeconomic forecasting may disturb the set of equilibrium outcomes when agents learn using recursive methods. We isolate conditions under which new phenomena, which we call exuberance equilibria, can exist in standard macroeconomic...
Persistent link: https://www.econbiz.de/10011604601
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Risk and punishment revisited: Errors in variables and in the lab
Engel, Christoph; Kirchkamp, Oliver - 2016
We provide an example for an errors in variables problem which might be often neglected but which is quite common in lab experimental practice: In one task, attitude towards risk is measured, in another task participants behave in a way that can possibly be explained by their risk attitude. How...
Persistent link: https://www.econbiz.de/10011580456
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The solidarity motive
Engel, Christoph - 2016
For decades, experimental economics has been very interested in behavior that could be characterized as practicing solidarity (although the term is rarely used). Solidarity is a key concept in Catholic Social Teaching. This paper builds a bridge between these two endeavors that, thus far, had...
Persistent link: https://www.econbiz.de/10011580498
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You are in charge: Experimentally testing the motivating power of holding a judicial office
Engel, Christoph; Zhurakhovska, Lilia - 2016
Apparently judges' decisions are not motivated by maximizing their own profit. The literature uses two strategies to explain this observation: judges care about the long-term monetary consequences for themselves, or individuals who are more strongly motivated by the common good self-select into...
Persistent link: https://www.econbiz.de/10011580499
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Tacit collusion: The neglected experimental evidence
Engel, Christoph - 2015
Both in the US and in Europe, antitrust authorities prohibit merger not only if the merged entity, in and of itself, is no longer sufficiently controlled by competition. The authorities also intervene if, post merger, the market structure has changed such that "tacit collusion" or "coordinated...
Persistent link: https://www.econbiz.de/10011331401