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Learning the optimal buffer-stock consumption rule of Carroll
YILDIZOGLU, Murat; SENEGAS, Marc-Alexandre; SALLE, Isabelle - Groupe de Recherche en Économie Théorique et … - 2011
form adaptive expectations, based on an evolving individual mental model, their behaviour becomes much more interesting in … indicate that assumptions on bounded rationality, and on adaptive expectations are perfectly compatible with sound and …
Persistent link: https://www.econbiz.de/10008871252
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As if or What? – Expectations and Optimization in a Simple Macroeconomic Environment
Roos, Michael W.M.; Luhan, Wolfgang J. - Rheinisch-Westfälisches Institut für … - 2008
In this paper we report the results of a laboratory experiment, in which we observed the behavior of agents in a simple macroeconomic setting. The structure of the economy was only partially known to the players which is a realistic feature of our experiment. We investigate whether subjects...
Persistent link: https://www.econbiz.de/10005738726
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Justification and cooperation
Xiao, Erte - Volkswirtschaftliche Fakultät, … - 2012
The need for justification is a widely observed social phenomenon. This paper develops a theoretical framework and reports laboratory evidence to show how pure justification pressure affects cooperative behavior in economic exchange environments. In a one-shot anonymous interaction, compared...
Persistent link: https://www.econbiz.de/10009422008
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The Behavioral Impact of Emotions in a Power-to-Take Game: An Experimental Study
Bosman, Ronald; Winden, Frans van - CESifo - 2000
) Expectations have a significant effect on the probability of punishment but not on the intensity of experienced emotion. This last … hedonic impact. (2) Irritation and contempt drive punishment behavior. (3) There are discontinuous "jumps" in the behavior of … responders. They either choose no punishment (destroy nothing) or the highest level of punishment (destroy everything). (4 …
Persistent link: https://www.econbiz.de/10005181557
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The Behavioral Impact of Emotions in a Power to take Game: An Experimental Study
Bosman, Ronald; Winden, Frans A.A.M. van - Tinbergen Instituut - 1999
nothing) or the highest level of punishment (destroyeverything). (4) Expectations have a significant effect on the … punishment behavior. (3) Thereare discontinuous “jumps” in the behavior of responders. They either chooseno punishment (destroy … probabilityof punishment but not on the intensity of experienced emotion. We explainthis last result in terms of norm …
Persistent link: https://www.econbiz.de/10011255559
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The Behavioral Impact of Emotions in a Power to take Game: An Experimental Study
Bosman, Ronald; Winden, Frans A.A.M. van - Tinbergen Institute - 1999
choose no punishment (destroy nothing) or the highest level of punishment (destroy everything). (4) Expectations have a …) Irritation and contempt drive punishment behavior. (3) There are discontinuous “jumps” in the behavior of responders. They either … significant effect on the probability of punishment but not on the intensity of experienced emotion. We explain this last result …
Persistent link: https://www.econbiz.de/10005137100
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Social preferences under uncertainty
Gaudeul, Alexia - Wirtschaftswissenschaftliche Fakultät, … - 2013
Willingness to take risk depends on whether the risk affects others as well as oneself and on how the risk affects one's position vis-`a-vis others. Taking a bet can improve one's position relative to others or threaten it. We present an experiment that explores individual attitudes to lotteries...
Persistent link: https://www.econbiz.de/10010884468
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Equal distribution or equal payoffs? Reciprocity and inequality aversion in the investment game
Rodriguez-lara, Ismael - Volkswirtschaftliche Fakultät, … - 2015
We report experimental evidence on second-movers' behavior in the investment game (also known as the trust game) when there exists endowment heterogeneity. Using a within-subject analysis, we investigate whether second-movers have a tendency to be reciprocal (i.e., they return to first movers at...
Persistent link: https://www.econbiz.de/10011212781
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Measuring Inequality Attitudes by Defective Leaky Buckets A Comment
Seidl, Christian - Institut für Volkswirtschaftslehre, … - 2003
Amiel et al. (1999) use the Atkinson and the Gini social welfare functions to measure income inequality attitudes based on data from leaky-bucket experiments. Yet the experimental de-sign does not allow their subjects to perceive income inequality according to the Gini or the Atkinson inequality...
Persistent link: https://www.econbiz.de/10005082893
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Social preferences: Some simple tests and a new model
Charness, Gary; Rabin, Matthew - Department of Economics and Business, Universitat … - 1999
Departures from pure self interest in economic experiments have recently inspired models of "social preferences". We conduct experiments on simple two-person and three-person games with binary choices that test these theories more directly than the array of games conventionally considered. Our...
Persistent link: https://www.econbiz.de/10005772580