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not anomaly-free. Indeed, market behaviour does not reveal the underlying true preferences but rather context …-dependent preferences. -- Repeated markets ; Economic principles ; Anomalies ; Experiment ; Social interactions …
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Current time allocation and household production models face three major weaknesses: First, they only describe the average time allocation. Thus, information about the order of activities is lost. Therefore, it is impossible to describe the influence of activities on later ones. Such...
Persistent link: https://www.econbiz.de/10014480143
This paper investigates how the introduction of social preferences affects players’ equilibrium behavior in both the … others’ social preferences than if they are uninformed. Finally, our results help to identify conditions under which … cooperative behavior observed in recent experimental repeated games can be rationalized using time preferences alone (patience) or …
Persistent link: https://www.econbiz.de/10009752853
This paper explores the reluctance of men (women) to acknowledge or recognise the work, comments, and claims of new ideas by other men (women) via widespread and intense demonstrations of indifference. Instances like desk rejections by journals by not allowing papers to reach a review stage,...
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Purpose: The purpose of this paper is to introduce the main measures of inconsistency in the context of intertemporal choice and to identify the relationships between them (more specifically, the measures by Prelec, Takahashi and Rohde). In effect, Thaler (1981), awarded the Nobel Prize in...
Persistent link: https://www.econbiz.de/10011932881
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Experimental social scientists working at research-intensive institutions deal inevitably with subjects who have most likely participated in previous experiments. It is an important methodological question to know whether participants that have acquired a high level of lab-sophistication show...
Persistent link: https://www.econbiz.de/10012507341