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Toward a cognitive science of markets : economic agents as sense-makers
Johnson, Samuel G. B. - 2019
Behavioral economics aspires to replace the agents of neoclassical economics with living, breathing human beings. Here, the author argues that behavioral economics, like its neoclassical counterpart, often neglects the role of active sense-making that motivates and guides much human behavior....
Persistent link: https://www.econbiz.de/10012130847
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Toward a cognitive science of markets : economic agents as sense-makers
Johnson, Samuel G. B. - 2019
Behavioral economics characterizes decision-makers using psychologically-informed models. Cognitive science produces psychologically-informed models. Why don't these disciplines talk more? Here, the author presents several arguments for why cognitive science should inform behavioral economics -...
Persistent link: https://www.econbiz.de/10011976074
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Measuring price risk aversion through indirect utility functions : a laboratory experiment
Zeytoon-Nejad, Ali - In: Games 13 (2022) 4, pp. 1-43
prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the paper … introduces the main elements of the duality theory (DT) in economics. Next, it proposes the context of IUFs as a suitable … experiment using a series of relevant statistical tests. This study uses the multiple price list (MPL) method, which has been one …
Persistent link: https://www.econbiz.de/10013368182
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The Effect of Transaction Cost Unbundling on Investors' Reliance on Investment Research : Evidence from Experimental Asset Markets
Stirnkorb, Sebastian - 2021
variable fees, such as those for trade executions. Drawing on transaction decoupling theory, I examine how transaction cost …
Persistent link: https://www.econbiz.de/10013321547
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Spatial autocorrelation or model misspecification? : the help from RESET and the curse of small samples
Vaona, Andrea - In: Letters in spatial and resource sciences : LSRS 2 (2009) 1, pp. 53-59
Persistent link: https://www.econbiz.de/10003834878
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KPSS test and model misspecifications
Hadri, Kaddour; Rao, Yao - In: Applied economics letters 16 (2009) 10/12, pp. 1187-1190
Persistent link: https://www.econbiz.de/10003886697
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Simulation experiments in practice : statistical design and regression analysis
Kleijnen, Jack P. C. (contributor) - 2007
Persistent link: https://www.econbiz.de/10003414120
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Maximin designs for computer experiments
Husslage, Bartholomeus Geradus Martinus - 2006
Persistent link: https://www.econbiz.de/10003463012
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Benefits from US monetary policy experimentation in the days of Samuelson and Solow and Lucas
Cogley, Timothy; Colacito, Riccardo; Sargent, Thomas J. - In: Journal of money, credit and banking : JMCB 39 (2007), pp. 67-99
Persistent link: https://www.econbiz.de/10003430042
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Revealing preferences graphically : an old method gets a new tool kit
Choi, Syngjoo; Fisman, Raymond; Gale, Douglas M.; … - In: The American economic review 97 (2007) 2, pp. 153-158
Persistent link: https://www.econbiz.de/10003501623