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Sudden Trust Collapse in Networked Societies

da Gama Batista, João - 2015

Trust is a collective, self-fulfilling phenomenon that suggests analogies with phase transitions. We introduce a stylized model for the build-up and collapse of trust in networks, which generically displays a first order transition. The basic assumption of our model is that whereas trust begets...

Persistent link: https://www.econbiz.de/10013032396

Chapter 12. Natural Experiments in Macroeconomics

Fuchs-Schündeln, N.; Hassan, T.A. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 923-1012). 2016

A growing literature relies on natural experiments to establish causal effects in macroeconomics. In diverse applications, natural experiments have been used to verify underlying assumptions of conventional models, quantify specific model parameters, and identify mechanisms that have major...

Persistent link: https://www.econbiz.de/10014024286

Measuring responsiveness to feedback as a personal trait

Buser, Thomas; Gerhards, Leonie; Weele, Joël J. van der - 2016

People typically update their beliefs about their own abilities too little in response to feed-back, a phenomenon known …-takes-all competition based on similar skills. We show that individual differences in feedback responsiveness explain an important part of …

Persistent link: https://www.econbiz.de/10011483816

An unlucky feeling : overconfidence and noisy feedback

Grossman, Zachary; Owens, David - In: Journal of economic behavior & organization : JEBO 84 (2012) 2, pp. 510-524

Persistent link: https://www.econbiz.de/10009703280

Feedback and emotions in the trust game

Bischoff, Ivo; Ihtiyar, Özcan - 2015 - This version: January 13, 2015

We conduct an experiment on the impact of feedback in the Trust Game. In our treatment group, the Trustee has the … opportunity to give feedback to the Investor (free in choice of wording and contents). The feedback option is found to reduce the … proposed by Xiao and Houser (2005, PNAS) according to which verbal feedback and monetary sanctions are substitutes is not …

Persistent link: https://www.econbiz.de/10010462550

How success breeds success

Descamps, Ambroise; Ke, Changxia; Page, Lionel - In: Quantitative economics : QE ; journal of the … 13 (2022) 1, pp. 355-385

We investigate if, and why, an initial success can trigger a string of successes. Using random variations in success in a real‐effort laboratory experiment, we cleanly identify the causal effect of an early success in a competition. We confirm that an early success indeed leads to increased...

Persistent link: https://www.econbiz.de/10012807751