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A Note on the Principle of“Normative Individualism"
Schubert, Christian - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2005
According to the principle of Normative Individualism, the evaluation of economicstates and processes should be guided …
Persistent link: https://www.econbiz.de/10005866007
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Does Culture InfluenceAsset Managers’ Views and Behavior?
Beckmann, Daniela; Menkhoff, Lukas; Sutō, Megumi - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2007
, controlling for various determinants, the dimensionof more Individualism predicts less herding behavior, more Power Distanceleads …
Persistent link: https://www.econbiz.de/10005867444
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Who Follows the Crowd – Groups or Individuals?
Fahr, René; Irlenbusch, Bernd - Universität <Köln> / Seminar für Allgemeine … - 2007
In games of social learning individuals tend to give too much weight to their own private information relative to the information that is conveyed by the choices of others. In this paper we investigate differences between individuals and small groups as decision makers in information cascade...
Persistent link: https://www.econbiz.de/10005868024
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Individualismus, Holismus und Systemismus: Erörterung metatheoretischer Sichtweisen in den Sozialwissenschaften
Reihlen, Markus; Klaas, Thorsten - Universität <Köln> / Seminar für Allgemeine … - 1999
metatheoretische Standpunkte unterscheiden, die als Individualismus, Holismus und Systemismus bekannt sind. Die gegenwärtige …
Persistent link: https://www.econbiz.de/10005845199
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A ‘Third Culture’ in Economics? An Essay on Smith, Confucius andthe Rise of China
Herrmann-Pillath, Carsten - Frankfurt School of Finance & Management - 2011
can affect certain foundational principlesin economics, such as the assumptions on individualism and self …-cultural communication theory, which starts out from the observation thatthe Chinese model was already influential during the European … woven together in a comparison between Confucianthinking and Adam Smith, especially with regard to the ‘Theory of Moral …
Persistent link: https://www.econbiz.de/10009005039
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Evolving Preferences andPolicy Advice in Democratic Society
Vanberg, Viktor - Max-Planck-Gesellschaft zur Förderung der Wissenschaften - 2009
Beyond its explanatory ambitions as positive science, economics has always had its normativeor applied branch that aims at providing advice about how man’s socio-economic conditionmight be improved. Under the name welfare economics the discipline’s normative branch hasbeen formalized, in the...
Persistent link: https://www.econbiz.de/10009022150
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Optimal Sticky Prices under Rational Inattention
Maćkowiak, Bartosz; Wiederholt, Mirko - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2005
In the data, individual prices change frequently and by large amounts. In standardsticky price models, frequent and large price changes imply a fast response of the aggregate price level to nominal shocks. This paper presents a model in which price setting firms optimally decide what to observe,...
Persistent link: https://www.econbiz.de/10005861972
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Voluntary Cooperation Based on Equilibrium Retribution –An Experiment Testing Finite-Horizon Folk Theorems
Bruttel, Lisa V.; Güth, Werner; Kamecke, Ulrich; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
Unlike previous attempts to implement cooperation in a prisoners’ dilemma gamewith an infinite horizon in the laboratory, we focus on extended prisoners’ dilemmagames in which a second (pure strategy) equilibrium allows for voluntary cooperationin all but the last round. Our four main...
Persistent link: https://www.econbiz.de/10005866398
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Social Preferences under Risk - An ExperimentalAnalysis
Bradler, Christiane - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
The literature on social preferences provides overwhelming evidence of departuresfrom pure self-interest of individuals. Experiments show that people care about others’well-being and their relative standing. This paper investigates whether this type ofbehavior persists when risk comes into...
Persistent link: https://www.econbiz.de/10005866400
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Generosity, Greed and Gambling: What difference doesasymmetric information in bargaining make?
Klempt, Charlotte; Pull, Kerstin - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
We analyze the effects of asymmetric information concerning thesize of a pie on proposer behavior in three different bargaining situations:the ultimatum game, the Yes-No-game and the dictator game.Our data show that (a) irrespective of the information condition, proposergenerosity increases with...
Persistent link: https://www.econbiz.de/10005866401