against point spreads) believed to elicit crowd wisdom. In a season-long experiment, fans wagered over $20,000 on NFL football …

environments, ranging from American students facing punishment in laboratory experiments, to Israeli parents facing fines for …

Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …

successful theory should be accountable to common-sense observations. …

entrepreneurship. The value and pitfalls of intuition are discussed in some detail, with particular reference to the precautions that …

fact, very clear how the interactions based on herding among agents play the crucial rule in the emergence of the market …

not enough information (Huang & Chen, 2006). This phenomenon is called herding behavior. Many social media Web sites …

Frequent criticism in dynamic decision making research pertains to the overly complex nature of the decision tasks used … in experimentation. To address such concerns we study dynamic decision making with respect to the simple race game Hog …, which has a computable optimal decision strategy. In the two-player game of Hog, individuals compete to be the first to …

In theory, competitive emission permit markets minimise total abatement cost for any emissionceiling. Permit markets …. This paperreports a testbed laboratory experiment to examine whether a dominant firm can exercise marketpower in a permit …

skewness. Since a comprehensive theory of hypothetical bias has not been developed, we use a set of explanatory variables based … bias. Results are quite sensitive to model specification, which will remain a problem until a comprehensive theory of …