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Prominent numbers, indices and ratios in exchange rate determination and financial crashes : in Economists' models, in the field and in the laboratory
Pope, Robin; Selten, Reinhard; Kube, Sebastian; Hagen, … - 2009
. -- nominalism ; money illusion ; heuristic ; unpredictability ; experiment ; SKAT the Stages of Knowledge Ahead Theory ; prominent … laboratory. Third, nominalist heuristics are incompatible with expected utility theory which excludes the evaluation stage, and … are also incompatible with prospect theory which assumes that, while the evaluation stage can involve systematic mistakes …
Persistent link: https://www.econbiz.de/10003867227
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Rules vs. Targets : Climate Treaties Under Uncertainty
Gersbach, Hans; Oberpriller, Quirin - 2012
We demonstrate the advantages of a climate treaty based solely on rules for international permit markets when there is uncertainty about abatement costs and environmental damages. Such a ‘Rules Treaty’ comprises a scaling factor and a refunding rule. Each signatory can freely choose the...
Persistent link: https://www.econbiz.de/10014041072
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Dynamic Asset Allocation Based on Valuation and Momentum Applied to a Global All-Equity Portfolio
White, James - 2020
There has been considerable research into dynamic global tactical asset allocation (GTAA) strategies driven by simple measures of Valuation and Momentum applied to a baseline balanced portfolio of equities and fixed income (see Blitz and van Vliet 2008, Wang and Kochard 2011, Gnedenko and Yelnik...
Persistent link: https://www.econbiz.de/10012838940
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On the interpretation of world values survey trust question : global expectations vs. local beliefs
Banerjee, Ritwik - 2016
How should we interpret the World Values Survey (WVS) trust question? We conduct an experiment in India, a low trust …
Persistent link: https://www.econbiz.de/10011457340
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Trust among the avatars : a virtual world experiment, with and without textual and visual cues
Atlas, Stephen; Putterman, Louis G. - 2010
photographic and textual cues influenced the level of trust but not that of trustworthiness. -- Trust ; experiment ; internet …
Persistent link: https://www.econbiz.de/10008760510
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An Experimental Contribution to the Theory of Customary (International) Law
Engel, Christoph - 2010
In their majority, public international lawyers postulate that for a new rule of customary law to originate, two conditions must be fulfilled: there must be consistent practice, and it must be shown that this practice is motivated by the belief that such behaviour is required in law. Maurice...
Persistent link: https://www.econbiz.de/10013144013
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When foul play seems fair : dishonesty as a response to violations of just deserts
Kline, Reuben; Galeotti, Fabio; Orsini, Raimondello - 2014
formal-theoretic framework - equity theory - we explore the nexus between the perception of just deserts and honesty …
Persistent link: https://www.econbiz.de/10011729119
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Uncertainty and climate treaties : does ignorance pay?
Dellink, Rob; Finus, Michael - In: Resource and energy economics 34 (2012) 4, pp. 565-584
Persistent link: https://www.econbiz.de/10009663724
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Side-Payments and the Costs of Conflict
Sheremeta, Roman M. - 2015
Conflict and competition often impose costs on both winners and losers, and conflicting parties may prefer to resolve the dispute before it occurs. The equilibrium of a conflict game with side-payments predicts that with binding offers, proposers make and responders accept side-payments,...
Persistent link: https://www.econbiz.de/10013037242
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Burden sharing and self-enforcing climate agreements
Ohori, Shuichi; Ohta, Katsunori - In: Journal of the Association of Environmental and … 11 (2024) 4, pp. 827-852
Persistent link: https://www.econbiz.de/10014524811