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We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was … traced to the different incentives structures rather than the experimental environment. …
Persistent link: https://www.econbiz.de/10003379095
laboratory experiment we test the different theories by systematically varying information conditions. We find significant …
Persistent link: https://www.econbiz.de/10003023525
When designing incentives for a manager, the trade-off between insurance and a "good" allocation of effort across …
Persistent link: https://www.econbiz.de/10003379118
This report provides a conceptual foundation for the analysis of international regulatory co-operation (IRC) and its potential benefits through reduced trade costs. Different forms of IRC aiming to reduce specification, conformity assessment and information costs - which can arise from...
Persistent link: https://www.econbiz.de/10011582094
This report reviews recent as well as planned changes to accounting and solvency regulations affecting insurers and pension funds and how they may impact long-term investing by these institutions. The review of existing evidence focuses mainly on the impact of risk-based solvency requirements,...
Persistent link: https://www.econbiz.de/10009684014
Little is known yet about the impact of the COVID crisis on household income and jobs in absence of real time information on these variables. A recent literature strand has sought to overcome data limitations to assess the distributional impact of policy measures taken in the EU using various...
Persistent link: https://www.econbiz.de/10012593843
Persistent link: https://www.econbiz.de/10001990308
Persistent link: https://www.econbiz.de/10001399077
The aim of this report, which has been prepared by a Task Force of the Monetary Policy Committee of the Eurosystem, is to describe and analyse the main developments in labour supply and its determinants in the euro area, review the links between labour supply and labour market institutions,...
Persistent link: https://www.econbiz.de/10011641224
Persistent link: https://www.econbiz.de/10010531355