Showing 1 - 10 of 14
We introduce a novel simulated certainty equivalent approximation (SCEQ) method for solving dynamic stochastic problems. Our examples show that SCEQ can quickly solve high-dimensional finite- or infinite-horizon, stationary or non- stationary dynamic stochastic problems with hundreds of state...
Persistent link: https://www.econbiz.de/10014536964
There is by now ample evidence from laboratory experiments that individuals exhibit "prosocial" or "other-regarding" preferences. However, a key question is whether the importance of other-regarding preferences documented in the laboratory can be readily generalized to draw conclusions about the...
Persistent link: https://www.econbiz.de/10011444316
We measure a specific form of other-regarding behavior, costly cooperation with an anonymous other, among 645 subjects at a trucker training program in the Midwestern US. Using subjects' second-mover strategy in a sequential form of the Prisoners' Dilemma, we categorize subjects as: Free Rider,...
Persistent link: https://www.econbiz.de/10011479285
is equivalent to parallelism among ARMA models and the null hypothesis of equal predictability is simply a set of linear …
Persistent link: https://www.econbiz.de/10005492111
The latest novel by Alexandru Ivasiuc, ,,The crawl fish” (,,Racul”, Albatros Publishing House, 1976), deals with the human condition, excelling thru parables, psychoanalysis, a world of contrast and human decay up to zoomorphism. Alexandru Ivasiuc used different literature genres to bring...
Persistent link: https://www.econbiz.de/10010940717
. Determination of the possible types and the definition of the absolute and partial parallelism. Demonstration of the method used for …
Persistent link: https://www.econbiz.de/10010835343
"Beauty-contest" is a game in which participants have to choose, typically, a number in [0,100], the winner being the person whose number is closest to a proportion of the average of all chosen numbers. We describe and analyze Beauty-contest experiments run in newspapers in UK, Spain, and...
Persistent link: https://www.econbiz.de/10005572672
Beauty-contest is a game in which participants have to choose, typically, a number in [0,100], the winner being the person whose number is closest to a proportion of the average of all chosen numbers. We describe and analyze Beauty-contest experiments run in newspapers in UK, Spain, and Germany...
Persistent link: https://www.econbiz.de/10005685478
Antitrust authorities often consider parallel pricing and market share stability to be clues of illegal collusion. To analyze whether this inference is correct, I develop a model of price competition with differentiated products in which demand and costs vary over time. In many cases parallel...
Persistent link: https://www.econbiz.de/10005246147
We measure a specific form of other-regarding behavior, costly cooperation with an anonymous other, among 645 subjects at a trucker training program in the Midwestern US. Using subjects' second-mover strategy in a sequential form of the Prisoners' Dilemma, we categorize subjects as: Free Rider,...
Persistent link: https://www.econbiz.de/10011453418