Showing 1 - 10 of 54
We analyze subjects' eye movements while they make decisions in a series of one-shot games. The majority of them perform a partial and selective analysis of the payoff matrix, often ignoring the payoffs of the opponent and/or paying attention only to specific cells. Our results suggest that...
Persistent link: https://www.econbiz.de/10010883458
We analyze how the redistribution of tax revenues influences tax compliance behavior by applying different reward mechanisms. In our experiment, subjects have to make two decisions. In the first stage, subjects decide on the contribution to a public good. In the second stage, subjects declare...
Persistent link: https://www.econbiz.de/10010956330
We compare the strategy and direct-response methods in a one-shot trust game with hidden action. In our experiment, the decision elicitation method is not statistically associated with participants' behavior or beliefs. We find no evidence that the direct-response method induces guilt aversion.
Persistent link: https://www.econbiz.de/10011278798
Interview with the 2002 Laureates in Economics, Daniel Kahneman and Vernon L. Smith, December 12, 2002. Interviewers are Professor Karl-Gustaf Loefgren and Dr Anne-Sophie Crepin.
Persistent link: https://www.econbiz.de/10005086167
exogenous uncertainty, which can be analyzed with decision theory. It employs traditional economics as a nor! mative benchmark …-making to be a problem of strategic interaction, in which the uncertainty is endogenous. Its main tool is game theory. It …
Persistent link: https://www.econbiz.de/10005144399
psychologists. This led them to completely discard preference theory but at the same time to emphasize the role of the market as the … financial markets and hailed Daniel Kahneman and Amos Tversky's prospect theory as the most important candidate for replacing …
Persistent link: https://www.econbiz.de/10010545681
We assess the predictive power of a model of other-regarding preferences - inequality aversion - using a within-subjects design. We run four different experiments (ultimatum game, dictator game, sequential-move prisoners' dilemma and public-good game) with the same sample of subjects. We elicit...
Persistent link: https://www.econbiz.de/10008694132
We analyze subjects’ eye movements while they make decisions in a series of one-shot games. The majority of them perform a partial and selective analysis of the payoff matrix, often ignoring the payoffs of the opponent and/or paying attention only to specific cells. Our results suggest that...
Persistent link: https://www.econbiz.de/10010604565
We analyze subjects’ eye movements while they make decisions in a series of one-shot games. The majority of them perform a partial and selective analysis of the payoff matrix, often ignoring the payoffs of the opponent and/or paying attention only to specific cells. Our results suggest that...
Persistent link: https://www.econbiz.de/10010607883
the fixed fee payment and the realization of retail profits, which supports the loss aversion theory. In the other …
Persistent link: https://www.econbiz.de/10009204383