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Oligopoly as a Socially Embedded Dilemma. An Experiment
Engel, Christoph; Zhurakhovska, Lilia - Max-Planck-Institut zur Erforschung von … - 2011
, with either a negative externality on a third participant, uncertainty about gains from cooperation, or both. Uncertainty … foster cooperation. If we combine both qualifications and do not control for beliefs, we only find an uncertainty effect. If …
Persistent link: https://www.econbiz.de/10009021689
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If the worst comes to the worst : dictator giving when recipient's endowments are risky
Engel, Christoph; Goerg, Sebastian J. - In: European economic review : EER 105 (2018), pp. 51-70
Persistent link: https://www.econbiz.de/10012128345
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Fairness ex ante & ex post: The benefits of renegotiation in media markets
Engel, Christoph; Kurschilgen, Michael - 2010
The market for copyrights is characterised by a highly skewed distribution of profits: very few movies, books and songs generate huge profits, whereas the great bulk barely manages to recover production cost. At the moment when the owner of intellectual property grants a licence ('ex ante'),...
Persistent link: https://www.econbiz.de/10010270447
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Testing for Fictive Learning in Decision-Making under Uncertainty
Bunn, Oliver; Calsamiglia, Caterina; Brown, Donald J. - Cowles Foundation for Research in Economics, Yale University - 2013
We conduct two experiments where subjects make a sequence of binary choices between risky and ambiguous binary lotteries. Risky lotteries are defined as lotteries where the relative frequencies of outcomes are known. Ambiguous lotteries are lotteries where the relative frequencies of outcomes...
Persistent link: https://www.econbiz.de/10010895663
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Uncertain discount and hyperbolic preferences
Pennesi, Daniele - Théorie Économique, Modélisation, Application … - 2015
When the discount rate is uncertain, individuals whose preferences are consistent with discounted expected utility, exhibit diminishing impatience. This paper introduces and characterizes a variation of discounted expected utility in which the discount rate depends on the state of the nature...
Persistent link: https://www.econbiz.de/10011144066
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Efficient institutions and effective deterrence: On timing and uncertainty of formal sanctions
Buckenmaier, Johannes; Dimant, Eugen; Posten, Ann-Christin - 2021
overlooked: the swiftness of formal sanctions. We consider two dimensions: the timing at which the uncertainty about whether one …
Persistent link: https://www.econbiz.de/10012440473
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Efficient institutions and effective deterrence: on timing and uncertainty of formal sanctions
Buckenmaier, Johannes; Dimant, Eugen; Posten, Ann-Christin - 2021
overlooked: the swiftness of formal sanctions. We consider two dimensions: the timing at which the uncertainty about whether one …
Persistent link: https://www.econbiz.de/10012438420
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Estimating ambiguity aversion in a portfolio choice experiment
Ahn, David S.; Choi, Syngjoo; Gale, Douglas; Kariv, Shachar - In: Quantitative economics : QE ; journal of the … 5 (2014) 2, pp. 195-223
We report a portfolio-choice experiment that enables us to estimate parametric models of ambiguity aversion at the level of the individual subject. The assets are Arrow securities that correspond to three states of nature, where one state is risky with known probability and two states are...
Persistent link: https://www.econbiz.de/10011757224
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The Descriptive and Predictive Adequacy of Theories of Decision Making Under Uncertainty/Ambiguity
Hey, John D; Lotito, Gianna; Maffioletti, Anna - Department of Economics and Related Studies, University … - 2008
In this paper we examine the performance of theories of decision making under uncertainty/ambiguity from the …
Persistent link: https://www.econbiz.de/10005328553
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Are Groups Better Planners Than Individuals? An Experimental Analysis
Carbone, Enrica; Infante, Gerardo - Dipartimento di Politica Economica, Finanza e Sviluppo … - 2012
comparing group and individual planning under risk and uncertainty. Our study is focussed on investigating how groups perform in … choosing under risk and uncertainty. Results suggest that groups perform better than individuals when planning under risk …, while the opposite happens in the case of planning under uncertainty. Interestingly, when comparing the behaviour of our …
Persistent link: https://www.econbiz.de/10010593812