Showing 1 - 10 of 10,961
The paper analyses the payment behaviour of customers of the online music label Magnatune. Customers may pay what they want for albums, as long as the payment is within a given price range ($5-$18). Magnatune’s comprehensive pre-purchase access facilitates music discovery and allows an...
Persistent link: https://www.econbiz.de/10005090464
theoretic model showing how endogenous emotion-based punishment can sustain ull cooperation when interactions are not repeated …The first aim of this paper is to revisit the puzzle of cooperation in large-scale societies.It proposes a game …
Persistent link: https://www.econbiz.de/10010761906
than cooperation or prisoners´ dilemma is achieved. The higher productivity is a benefit for the group and one party on the …
Persistent link: https://www.econbiz.de/10008595615
of emotions: fear, happiness, anger, and surprise, is positively correlated, with risk-averse decisions. …Abstract: We consider the relationship between emotions and decision-making under risk. Specifically, we examine the …
Persistent link: https://www.econbiz.de/10011091691
We analyze vertical product differentiation in a model where a good’s quality is unobservable to buyers before purchase, a continuum of quality levels is technologically feasible, and minimum quality is supplied under competitive conditions. After purchase the true quality of the good is...
Persistent link: https://www.econbiz.de/10005406066
cooperation is the most productive interaction between organisms is an illusion. Whenever two not identically equipped parties … force and educational conditioning used by the sink take advantage of emotions to hide the real size of cost in exploitation …
Persistent link: https://www.econbiz.de/10008565145
expenditures. To identify optimal advertising and pricing decisions, we discuss three possible games (two non cooperative games …
Persistent link: https://www.econbiz.de/10011220301
A simple model of marriage and divorce predicts that no marriages occur. Yet, in real life, people marry all the time in seemingly similar situations. This discordance is explained using psychological game theory. An emotional guilt effect is explicitly modeled and multiple belief-dependent...
Persistent link: https://www.econbiz.de/10005644622
Experimental evidence appears to contradict traditional game theory predictions in numerous settings. Although a solid basis for characterizing equilibria, game theory needed to – and to some extent did – go through some major developments and transgress the barriers between different social...
Persistent link: https://www.econbiz.de/10010570266
Actual behaviour is influenced in important ways by moral emotions, for instance guilt or shame (see, among others … consider such emotions to explain other-regarding behaviour. Our experimental study links recent advances in psychological … theory on moral emotions to belief-dependant models in economics. We find that - in addition to second-order beliefs and …
Persistent link: https://www.econbiz.de/10009144133