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It is difficult to disagree with Vernon Smith's (2010) assessment of thestate of the art in experimental economics. It is informed by the experienceof someone who was there, right at the beginning of experimental economics.Some of the problems he discusses, like the frequent failure of backward...
Persistent link: https://www.econbiz.de/10009249017
Goeree & Holt (2001) observe that, for some parameter values, Nash equilibrium providesgood predictions for actual behaviour in experiments. For other payoff parameters, however,actual behaviour deviates consistently from that predicted by Nash equilibria. They attributethe robust deviations...
Persistent link: https://www.econbiz.de/10009262201
The probability that actors in economic relationships break rules increases with the profits they thus expect to earn. It decreases with the probability and level of short - and long-term losses resulting from disclosure. It also decreases with the level of social context factors and intrinsic...
Persistent link: https://www.econbiz.de/10009302574
theory, aggregation ofprior and subsequent payoffs, and social projection. Mathematical predictions of behavior arederived …Wir präsent ieren eine Verhaltensvariante der Spieltheorie, die auf der Wertfunktion der Prospekttheorie …
Persistent link: https://www.econbiz.de/10009302578
We investigate the role of affect and deliberation on social preferences. In ourlaboratory experiment subjects decide on a series of mini Dictator games while they are undervarying degrees of cognitive load. The cognitive load is intended to decrease deliberation andtherefore enhance the...
Persistent link: https://www.econbiz.de/10009302675
Because of a long time frame, irreversible and specific investments, incomplete contracts andpolitical constraints, it is generally difficult for governments to commit themselves in a credibleway to a fixed petroleum tax regime. Many controversial renegotiations and tightenings of suchsystems...
Persistent link: https://www.econbiz.de/10009305211
Assuming investors are loss averse, repeated risky investments are less attractive inmyopic evaluation. A theoretical foundation for this effect is given by the behavioralconcept of myopic loss aversion (MLA). The consequences of MLA have been confirmedin several between-subject experimental...
Persistent link: https://www.econbiz.de/10009354101
The estimation of various social objects is necessary in different fields of social life, science,education, etc. This estimation is usually used for forecasting, for evaluating of different propertiesand for other goals in complex man-machine systems.[...]
Persistent link: https://www.econbiz.de/10009354108
In dieser Arbeit wird ein Datenmodell für Shared Annotationsvorgestellt. Basierend auf einem bereits existierenden Datenmodell fürAnnotationen, wird dieses erweitert um die Möglichkeit der Modellierung vonShared Annotations. Daraufhin werden Funktionen von Shared Annotationserläutert, die...
Persistent link: https://www.econbiz.de/10009354112
,risk taking and investments are clearly in line with theory. Pairwisecomparison shows that the effort effect seems to be more …
Persistent link: https://www.econbiz.de/10009354148