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practical prevalence of uncertainty. Theoretically complete models conceal it. As a remedy a scenario-based procedure of coping … with uncertainty can prescribe how the boundedly rational decision-maker should proceed from her or his internal point of … view. Though models of substantive rationality cannot serve as guidance for decision-making under uncertainty, we can …
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Experimental studies of the WTP-WTA gap avoid social trading by implementing an incentive compatible mechanism for each individual trader. We compare a traditional random price mechanism and a novel elicitation mechanism preserving social trading, without sacrificing mutual incentive...
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Empirical studies in family economics usually rely on questionnaires, statistical or panel data. Here we try to study experimentally some crucial aspects of engaging in a marriage. First the female partner can end the relationship or suggest one of the two forms of joint venture. Whereas a full...
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Empirical studies in family economics usually rely on questionnaires, statistical data or panel data. Here we try to study experimentally some crucial aspects of engaging in a marriage. The female partner can end the relationship or suggest one of two forms of joint venture where more labor...
Persistent link: https://www.econbiz.de/10014072913