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, as well as those of experimental economists, with neoclassical economic theory. The dissertation is divided into two …
Persistent link: https://www.econbiz.de/10009468509
investment behavior which is consistent with theory. However, an income tax with a limited or unlimited loss offset provision …
Persistent link: https://www.econbiz.de/10009478158
), aggregation method (average versus weighted by money, a proxy for confidence), and incentive (not incentive compatible versus … respondents to state their confidence, using my method, which induces the respondents to reveal confidence, there is a sizable and … statically significant positive relationship between confidence and the accuracy of individual-level expectations. This positive …
Persistent link: https://www.econbiz.de/10009438764
. Insgesamt war der Einfluß der Persönlichkeitseigenschaften auf das Anlageverhalten jedoch relativ gering, und dabei vor allem …
Persistent link: https://www.econbiz.de/10009467423
Chapter 1: Efficient Design of an Auction with Discrete Bid Levels This paper studies one of auction design issues: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than one bidder who submits the same bid, the auction cannot...
Persistent link: https://www.econbiz.de/10009450772
Frequent criticism in dynamic decision making research pertains to the overly complex nature of the decision tasks used in experimentation. To address such concerns we study dynamic decision making with respect to the simple race game Hog, which has a computable optimal decision strategy. In the...
Persistent link: https://www.econbiz.de/10009458721
Psychologische Studien haben gezeigt, dass sich individuelle Wahrscheinlichkeitseinschätzungen für ein bestimmtes Ereignis in Abhängigkeit von der gewählten Zerlegung des Zustandsraumes systematisch voneinander unterscheiden können (ein als „Partitionsabhängigkeit“ bekannter...
Persistent link: https://www.econbiz.de/10009454727
theoretical comparisons are conducted. In the first, economic theory, behavioral theory (the Behavioral Theory of the Firm and … Prospect Theory), and Bounded Rationality are tested as potential determinants of acquisition uncertainties. In the second …, economic theory and Prospect Theory are tested as potential determinants of the value of the machine acquired.To answer these …
Persistent link: https://www.econbiz.de/10009438770
There are many situations in which individuals have a choice of whether or not to observe the eventual outcome. In these instances, individuals often prefer to avoid observing the outcome. The standard von Neumann-Morgenstern (vNM) Expected Utility model cannot accommodate these cases, since it...
Persistent link: https://www.econbiz.de/10009439041
People value their privacy; however, they typically do not make the protection of their privacy a priority. Privacy is oftentimes not tangible, complicating the efforts of technology users to express and act according to their privacy needs. Additionally, people may not be fully aware of the...
Persistent link: https://www.econbiz.de/10009441042