Showing 1 - 10 of 61
After presenting some casual evidence about the difference between economists and the rest of the population, first the survey and experimental evidence which has been presented on this topic during the last 20 years is discussed. But can these results really be transferred to real world...
Persistent link: https://www.econbiz.de/10010272872
Using coordination games, we study whether social norm perception differs between inexperienced and experienced participants in economic laboratory experiments. We find substantial differences between the two groups, both regarding injunctive and descriptive social norms in the context of...
Persistent link: https://www.econbiz.de/10012103380
We study whether social norm perception in economic laboratory experiments differs between subjects that participate for the first time and subjects that already participated many times. Consistent with previous studies, inexperienced subjects pronounce egalitarianism, while experienced subjects...
Persistent link: https://www.econbiz.de/10011944119
Opinion is divided on whether it is better to have a single world money or variable exchange rates.Pope, Selten and von Hagen (2003) propose that fresh light would be shed via an analysis that allows forseven complexity impacts on the exchange rate that are underplayed (where not entirely...
Persistent link: https://www.econbiz.de/10003612858
Social norms in ultimatum's game establish that extremely unequal offers lead to an inevitable failure. However, even under the obedience of the norm and far from Nash Equilibrium, negotiated wealth is traditionally favorable for proposers when information given is temporally incomplete. In our...
Persistent link: https://www.econbiz.de/10014209875
We discuss possible criteria that may qualify or disqualify power indices for applications. Instead of providing final answers we merely ask questions that are relevant from our point of view and summarize some material from the literature
Persistent link: https://www.econbiz.de/10012896803
Economic laboratory experiments are often used for testing real-world economic mechanisms, such as multi-item auctions and multi-contract cost sharing. Ensuring that participants understand these increasingly complex tasks is crucial in order to maintain control, the reproducibility, and the...
Persistent link: https://www.econbiz.de/10012956838
This paper proposes a way to empirically measure the impact of capabilities and functionings on the individual perception of urban quality of life. Specifically, we investigate the role played by amenities (including social interactions) and disamenities for a sample of 508 resident population...
Persistent link: https://www.econbiz.de/10013040066
Experimental economists believe (and enforce) that researchers should not employ deception in the design of experiments. The rule exists in order to protect a public good: the ability of other researchers to conduct experiments and have participants trust their instructions to be an accurate...
Persistent link: https://www.econbiz.de/10014057246
This paper argues that the acceptance of two recent methodological advances in economics, namely game theory and laboratory experimentation, was affected by the history dependence constraining the formalization of economics. After an early period in which the two methods were coolly received by...
Persistent link: https://www.econbiz.de/10014070141