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Costly and discrete communication: An experimental investigation

Duffy, Sean; Hartwig, Tyson; Smith, John - 2010

Language is an imperfect and uneven means of communicating information about a complex and nuanced world. We run an experimental investigation of a setting in which the messages available to the sender imperfectly describe the state of the world, however the sender can improve communication, at...

Persistent link: https://www.econbiz.de/10015222500

Costly and discrete communication: An experimental investigation

Duffy, Sean; Hartwig, Tyson; Smith, John - 2011

Language is an imperfect and coarse means of communicating information about a complex and nuanced world. We run an experimental investigation of a setting in which the messages available to the sender imperfectly describe the state of the world, however the sender can improve communication, at...

Persistent link: https://www.econbiz.de/10015226895

Costly and discrete communication: An experimental investigation

Duffy, Sean; Hartwig, Tyson; Smith, John - 2011

an experiment designed to capture this feature of communication. The messages available to the sender imperfectly …

Persistent link: https://www.econbiz.de/10015233072

Contracting under Incomplete Information and Social Preferences: An Experimental Study

Hoppe, Eva I.; Schmitz, Patrick W. - 2013

cornerstone of contract theory. We have conducted an experiment with 720 participants to explore whether the theoretical insights …

Persistent link: https://www.econbiz.de/10015235637

Do Liars Believe? Beliefs and Other-Regarding Preferences in Sender-Receiver Games

Sheremeta, Roman; Shields, Timothy - 2013

subject’s own behavior in the other role. The results of the experiment indicate that, when acting as senders, the majority of …

Persistent link: https://www.econbiz.de/10015241034

Coordination and Cheap Talk: Indirect versus Direct Messages

Buyukboyaci, Muruvvet; Kucuksenel, Serkan - 2016

In this paper, we experimentally compare the effect of costless direct and indirect messages on the risky action choices, hence on coordinations in stag-hunt games. We show that there is no effect of costless indirect messages on the frequency of risky action choices and hence on coordination on...

Persistent link: https://www.econbiz.de/10015250511

Is Privatization Related With Macroeconomic Management? Evidence From Some Selected African Countries.

George, Emmanuel; Odejimi, Deborah; Matthews, Oluwatoyin; … - 2013

Has macroeconomic management succeeded in making privatization promote growth in Africa? What are the probable strategies that should accompany the privatization reform process to promote growth in Africa? To what extent has the privatization process succeeded in attracting foreign direct...

Persistent link: https://www.econbiz.de/10015246375

Keeping Some Skin in the Game: How to Start a Capital Market in Longevity Risk Transfers

Blake, David; Biffs, Enrico - 2012

The recent activity in pension buyouts and bespoke longevity swaps suggests that a significant process of aggregation of longevity exposures is under way, led by major investment banks and buyout firms with the support of leading reinsurers. As regulatory capital charges and limited reinsurance...

Persistent link: https://www.econbiz.de/10015235882

Economic Analysis of Social Security Survivors Insurance

Li, Yue - 2017

This paper develops a heterogeneous agents model to analyze the effects of Social Security survivors insurance. The … model features a negative mortality-income gradient, asymmetric information of individual mortality rates, and a warm …-glow bequest motive that varies by age and family structure. The model matches lifecycle changes in life insurance coverage, and …

Persistent link: https://www.econbiz.de/10015258957

Uberrimae Fidei and Adverse Selection: the equitable legal judgment of Insurance Contracts

Strauss, Jason David - 2008

This paper examines uberrimae fidei (utmost good faith) with adverse selection in an insurance market. If consumers know their risk type (they know their expected loss), and if they understand the concept of uberrimae fidei, adverse selection is completely eliminated. However, if uberrimae fidei...

Persistent link: https://www.econbiz.de/10015249150