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Fundamental Value Trajectories and Trader Characteristics in an Asset Market Experiment

Noussair, Charles; Breaban, A. - Tilburg University, Center for Economic Research - 2014

Abstract: We report results from an asset market experiment, in which we investigate how the time path of the … fundamental value trajectory affects the level of adherence to fundamentals. In contrast to previous experiments with long …

Persistent link: https://www.econbiz.de/10011091308

Paying with Self-Chosen Goals : Incentives and Gender Differences

Dalton, Patricio Santiago; Noussair, Charles; Gonzalez … - Tilburg University, Center for Economic Research - 2015

Abstract: To boost employees’ performance, firms often offer monetary bonuses when production goals are reached. However, the evidence suggests that the particular level of a goal is critical to the effectiveness of this practice. Goals must be challenging yet achievable. Computing optimal...

Persistent link: https://www.econbiz.de/10011220496

Punishment, reward, and cooperation in a framed field experiment

Noussair, Charles; van Soest, Daan; Stoop, Jan - Volkswirtschaftliche Fakultät, … - 2011

We report a framed field experiment, in which we study the effectiveness of punishment and reward in sustaining … relatively cooperative. In contrast to the results typically found in laboratory experiments, however, we find that punishments …

Persistent link: https://www.econbiz.de/10009325612

Emotional state and Market Behavior

Noussair, Charles; Breaban, A. - Tilburg University, Center for Economic Research - 2013

Abstract: We consider the relationship between the emotional state of traders and market prices. We create asset markets with the structure first studied by Smith, Suchanek and Williams (1988), which is known to generate price bubbles and crashes. We analyze participants' facial expressions with...

Persistent link: https://www.econbiz.de/10011091534

Frictions, Persistence, and Central Bank Policy in an Experimental Dynamic Stochastic General Equilibrium Economy

Noussair, Charles; Pfajfar, Damjan; Zsiros, J. - Tilburg University, Center for Economic Research - 2011

New Keynesian dynamic stochastic general equilibrium models are the principal paradigm currently employed for central bank policymaking. In this paper, we construct experimental economies, populated with human subjects, with the structure of a New Keynesian DSGE model. We give individuals...

Persistent link: https://www.econbiz.de/10011092127

From the lab to the field: Cooperation among fishermen

Stoop, Jan; Noussair, Charles; van Soest, Daan - Volkswirtschaftliche Fakultät, … - 2010

We conduct a field experiment to measure cooperation among groups of recreational fishermen at a privately owned … results from laboratory experiments, we find no evidence of cooperation. We construct a series of additional treatments to … type of activity involved as the source of the lack of cooperation in our field experiment. When cooperation requires a …

Persistent link: https://www.econbiz.de/10008839501

Do Informal Sanctions Increase Cooperation in the Long Run?

Noussair, Charles; Tucker, Steven - Econometric Society - 2004

We conduct an experiment to explore the durability and transferability of the increase in contributions to a public …

Persistent link: https://www.econbiz.de/10005130161

Rate-of-return dominance and efficiency in an experimental economy

Camera, Gabriele; Noussair, Charles; Tucker, Steven - In: Economic Theory 22 (2003) 3, pp. 629-660

One of the main challenges for monetary economics is to explain the use of assets that are dominated in rate-of-return as media of exchange. We use experimental methods to study how a fiat money might come to be used in transactions when an identically marketable, dividend-bearing asset, a...

Persistent link: https://www.econbiz.de/10005596708

Combining Monetary and Social Sanctions to Promote Cooperation

Noussair, Charles; Tucker, Steven - In: Economic Inquiry 43 (2005) 3, pp. 649-660

We employ an experimental approach to consider the impact of a combination of formal and informal sanctions on contribution levels for a specific type of public good. We find that when both sanctions are available, contributions and overall welfare are higher than when only one of the two...

Persistent link: https://www.econbiz.de/10005035307

Information Aggregation and Beliefs in Experimental Parimutuel Betting Markets

Koessler, Frederic; Noussair, Charles; Ziegelmeyer, Anthony - Wirtschaftswissenschaftliche Fakultät, … - 2007

We study sequential parimutuel betting markets with asymmetrically informed bettors, using an experimental approach. In one treatment, groups of eight participants play twenty repetitions of a sequential betting game. The second treatment is identical, except that bettors are observed by other...

Persistent link: https://www.econbiz.de/10005090509