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Games played through agents in the laboratory — a test of Prat & Rustichini's model

Ensthaler, Ludwig; Huck, Steffen; Leutgeb, Johannes - In: Games and Economic Behavior 119 (2020), pp. 30-55

From the regulation of sports to lawmaking in parliament, in many situations one group of people (“agents”) make decisions that affect the payoffs of others (“principals”) who may offer action-contingent transfers in order to sway the agents' decisions. Prat and Rustichini (2003)...

Persistent link: https://www.econbiz.de/10012221614

Behavioral Learning Equilibria in New Keynesian models

Hommes, Cars H.; Mavromatis, Kostas; Özden, Tolga; Zhu, Mei - In: Quantitative Economics 14 (2023) 4, pp. 1401-1445

We introduce Behavioral Learning Equilibria (BLE) into a multivariate linear framework and apply it to New Keynesian … Rational Expectations (REE), BLE, and constant gain learning models shows that the BLE model outperforms the REE benchmark and … is competitive with constant gain learning models in terms of in-sample and outof-sample fitness. Sample …

Persistent link: https://www.econbiz.de/10014536990

Beliefs and actions in the trust game: Creating instrumental variables to estimate the causal effect

Costa-Gomes, Miguel A.; Huck, Steffen; Weizsäcker, Georg - In: Games and Economic Behavior 88 (2014), pp. 298-309

In many economic contexts, an elusive variable of interest is the agent's belief about relevant events, e.g. about other agents' behavior. A growing number of surveys and experiments asks participants to state beliefs explicitly but little is known about the causal relation between beliefs and...

Persistent link: https://www.econbiz.de/10013332241

Discrimination, Narratives and Family History: An Experiment with Jordanian Host and Syrian Refugee Children

Barron, Kai; Harmgart, Heike; Huck, Steffen; Schneider, … - In: The Review of Economics and Statistics (2021) Online Early, pp. 1-34

We measure the prevalence of discrimination between Jordanian host and Syrian refugee children attending school in Jordan. Using a simple sharing experiment, we find only a small degree of out-group discrimination. However, Jordanian children with Palestinian roots do not discriminate at all,...

Persistent link: https://www.econbiz.de/10013414808