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Common sense is a dynamic concept and it is natural that our (statistical) common sense lags behind the development of statistical science. What is not so easy to understand is why common sense lags behind as much as it does. We conduct a survey among Japanese students and try to understand why...
Persistent link: https://www.econbiz.de/10012670776
Common sense is a dynamic concept and it is natural that our (statistical) common sense lags behind the development of statistical science. What is not so easy to understand is why common sense lags behind as much as it does. We conduct a survey among Japanese students and try to understand why...
Persistent link: https://www.econbiz.de/10012795343
Persistent link: https://www.econbiz.de/10011903543
We investigate the extent to which price deviations from fundamental values in an experimental asset market are due to the uncertainty of subjects regarding others' rationality. We do so by comparing the price forecasts submitted by subjects in two market environments: (a) all six traders are...
Persistent link: https://www.econbiz.de/10010933826
We use a laboratory experiment to understand the channels through which honesty oaths can affect behavior and credibility. Using a game with asymmetric information in a financial market setting that captures some important features of advisor-investor interactions, we manipulate the common...
Persistent link: https://www.econbiz.de/10014380769
We investigate the extent to which price deviations from fundamental values in an experimental asset market are due to the uncertainty of subjects regarding others’ rationality. We do so by comparing the price forecasts submitted by subjects in two market environments: (a) all six traders are...
Persistent link: https://www.econbiz.de/10010900239
Persistent link: https://www.econbiz.de/10015067159
the deterrence hypothesis, namely that crime is weakly decreasing in deterrent incentives, i.e. severity and probability … of punishment. In our experiment, subjects can steal from another participant's payoff. Deterrent incentives vary across … incentives, subjects steal more the stronger the incentives. We observe two types of subjects: selfish subjects who act according …
Persistent link: https://www.econbiz.de/10003951485
Persistent link: https://www.econbiz.de/10011429358
Persistent link: https://www.econbiz.de/10011283941