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Costa-Gomes, Miguel A.; Cueva, Carlos; Gerasimou, Georgios - In: Quantitative Economics 13 (2022) 3, pp. 1297-1318

We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is … the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice … by rational choice. Our results suggest that nonforced-choice experiments and models can be helpful in separating people …

Persistent link: https://www.econbiz.de/10014536896

Does education increase risk aversion in households? Some evidence using artefactual experiments in Peru

Chong, Alberto; Martínez, Joan J. - In: Latin American Economic Review 30 (2021) 1, pp. 1-19

data from representative surveys and artefactual or lab-on-the-field experiments in Lima, Peru. We employ three standard …

Persistent link: https://www.econbiz.de/10013205139

Stable sampling equilibrium in common pool resource games

Camilo Cárdenas, Juan; Mantilla, César; Sethi, Rajiv - In: Games 6 (2015) 3, pp. 299-317

This paper reconsiders evidence from experimental common pool resource games from the perspective of a model of payoff sampling. Despite being parameter-free, the model is able to replicate some striking features of the data, including single-peaked frequency distributions, the persistent use of...

Persistent link: https://www.econbiz.de/10011709853

Systemic Usury and the European Consumer Credit Directive

Neuberger, Doris; Reifner, Udo - In: Vierteljahrshefte zur Wirtschaftsforschung 89 (2020) 1, pp. 115-132

Usury is a frequent occurrence in consumer credit markets and particularly affects low-income households. Although the term usury conjures images of a greedy individual consciously acting to exploit the weak bargaining position of another by deceitful and even fraudulent means, we consider it as...

Persistent link: https://www.econbiz.de/10012507905

Multirationalität in Aushandlungs- und Entscheidungsprozessen betrieblicher Mitbestimmung

Spindler, Eva Maria; Schank, Christoph - In: Industrielle Beziehungen 29 (2022) 1, pp. 47-74

Um Aushandlungsprozesse zwischen betrieblicher Mitbestimmung und der Unternehmensvertretung zu beschreiben, werden derzeitig häufig Betriebsratstypisierungen herangezogen. Diese verfolgen oftmals eine eher machtorientierte Perspektive, um die Aushandlungsprozesse und deren Ergebnisse zu...

Persistent link: https://www.econbiz.de/10015076815

Determinants of the possibilities by investors' risk-taking: Empirical evidence from Vietnam

Wong, Wing Keung - In: Cogent Economics & Finance 9 (2021) 1, pp. 1-23

This paper focuses on determining the factors influencing investors' risk-taking through empirical evidence from Vietnam. This study investigates risk perception, expected return and herding behavior, and other determinants such as historical volatility and subjective financial risk attitude;...

Persistent link: https://www.econbiz.de/10014001498

Games with switching costs and endogenous references

Guney, Begum; Richter, Michael - In: Theoretical Economics 17 (2022) 2, pp. 617-650

We introduce a game-theoretic model with switching costs and endogenous references. An agent endogenizes his reference strategy and then, taking switching costs into account, he selects a strategy from which there is no profitable deviation. We axiomatically characterize this selection procedure...

Persistent link: https://www.econbiz.de/10014536971

Choosing on influence

Cuhadaroglu, Tugce - In: Theoretical Economics 12 (2017) 2, pp. 477-492

Interaction, the act of mutual influence, is an essential part of daily life and economic decisions. This paper presents an individual decision procedure for interacting individuals. According to our model, individuals seek influence from each other for those issues that they cannot solve on...

Persistent link: https://www.econbiz.de/10012010074

The Relationship Between Behavioural and Neoclassical Economic

Diacon, Paula-Elena; Calance, Madalina - In: CES Working Papers 6 (2014) 1, pp. 71-76

The purpose of this article is to analyze the relationship between the discipline of Behavioural Economics and the Neoclassical School. On the basis of the available literature, the paper aims to investigate if the two branches are totally opposite, or if the behavioural theories only extend and...

Persistent link: https://www.econbiz.de/10012017118

Some Psychological Causes of the Financial Crisis

Diacon, Paula-Elena - In: CES Working Papers 7 (2015) 2, pp. 276-287

Besides the numerous effects that the financial crisis of 2007 has produced over the entire global economy, its onset has reopened fundamental discussions on the methodology of the economic science. One of the main controversies in the literature revolves around the nature of the neoclassical...

Persistent link: https://www.econbiz.de/10012017207