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The behavioral economics of foreign exchange markets - a psychological view on human expectation formation in foreign exchange markets

Schmidt, Robert - 2004

Devisenmarkt. Das erste Experiment untersucht die Erwartungsbildung. Hierzu werden die Prognosen von Analysten für den EUR … experiment, we deal with the human expectation formation. We compare point forecasts of the EUR/USD exchange rate surveyed from … explanations for the differences in the forecasting performances. In the second experiment, we analyze the expectation formation in …

Persistent link: https://www.econbiz.de/10009433679

Reference-Dependent Preferences : Models and Experiments

Tenberge, Maximilian - 2010

In economic situations people form expectations prior to their decisions. These expectations represent a reference point and exert a strong influence on decision making and preferences. This paper surveys the theory of reference-dependent preferences. I will summarize the theoretical framework...

Persistent link: https://www.econbiz.de/10009471596

Do teams alleviate or exacerbate the extrapolation bias in the stock market?

Barahona, Ricardo; Cassella, Stefano; Jansen, Kristy A. E.

Investigamos la manera en que los equipos influyen en la extrapolación de rentabilidades, un sesgo en la formación de creencias que es generalizado a nivel individual y crucial para los modelos conductuales de valoración de activos. Utilizando una muestra de gestores de fondos de inversión...

Persistent link: https://www.econbiz.de/10014436941

Democracy, Crises, and Misconceptions

Beilharz, Hans-Jörg - 2005

We consider misconceptions about the functioning of the economy as one possible explanation for the emergence of crises in democracies. Furthermore, we study a political process which may lead to successful reform. First of all, we show that voters can make inefficient decisions concerning...

Persistent link: https://www.econbiz.de/10009476265

Essays in the theory of voting power

Steffen, Frank - 2002

Persistent link: https://www.econbiz.de/10009449712

What is good work? Different aspects of labor contracts in theory and experiment

Bleich, Sabrina - 2009

"Good work" is interpreted from an employer's and a worker's viewpoint. An economic experiment on the existence of … their duration is subject of a second theoretical model. An experiment yields further insights to this topic. …

Persistent link: https://www.econbiz.de/10009434478

The effects of content presentation format and user characteristics on novice developers’ understanding of process models

Recker, Jan C.; Dreiling, Alexander - 2011

Process models are used by information professionals to convey semantics about the business operations in a real world domain intended to be supported by an information system. The understandability of these models is vital to them being used for information systems development. In this paper,...

Persistent link: https://www.econbiz.de/10009438157

Bootstrap Markov chain Monte Carlo and optimal solutions for the Law of Categorical Judgment (Corrected)

Kochanski, Greg P; Rosner, Burton S. - 2010

A novel procedure is described for accelerating the convergence of Markov chain Monte Carlo computations. The algorithm uses an adaptive bootstrap technique to generate candidate steps in the Markov Chain. It is efficient for symmetric, convex probability distributions, similar to multivariate...

Persistent link: https://www.econbiz.de/10009441534

Do Static Externalities Offset Dynamic Externalities? An Experimental Study of the Exploitation of Substitutable Common-Pool Resources

Giordana, Gaston A.; Montginoul, Marielle; Willinger, Marc - 2010

Overexploitation of coastal aquifers may lead to seawater intrusion, which irreversibly degrades groundwater. The seawater intrusion process may imply that its consequences would not be perceptible until after decades of accumulated overexploitation. In such a dynamic setting, static...

Persistent link: https://www.econbiz.de/10009442659

The critical discount factor as a measure for cartel stability?

Bruttel, Lisa - 2009

This paper considers the stability of tacit collusion in price setting duopolies with repeated interaction. The minimum discount factor above which tacit collusion can be sustained in a subgame perfect equilibrium is called the critical discount factor delta*. In addition, delta* is often used...

Persistent link: https://www.econbiz.de/10009471758