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Voluntary versus enforced team effort
Keser, Claudia; Montmarquette, Claude - In: Games 2 (2011) 3, pp. 277-301
We present a model where each of two players chooses between remuneration based on either private or team effort. Although at least one of the players has the equilibrium strategy to choose private remuneration, we frequently observe both players to choose team remuneration in a series of...
Persistent link: https://www.econbiz.de/10009752421
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Does the microsimulation approach used in macro-micro modelling matter? : an application to the distributional effects of capital outflows during Argentina's Currency Board regime
Debowicz, Darío - In: Economic modelling 54 (2016), pp. 591-599
Persistent link: https://www.econbiz.de/10011642354
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Analyzing results from agricultural large-scale economic simulation models : recent progress and the way ahead
Britz, Wolfgang; Pérez Domínguez, Ignacio; Narayanan, … - In: German journal of agricultural economics : GJAE 64 (2015) 2, pp. 107-119
Persistent link: https://www.econbiz.de/10011333158
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Cost analysis of poor quality using a software simulation
Fabianová, Jana; Janeková, Jaroslava; Onofrejová, Daniela - In: Amfiteatru economic : an economic and business research … 19 (2017) 44, pp. 181-196
regarding to business activities. Use of software applications and computer simulation enables more effective quality management …. Simulation tools offer incorporating the variability of more variables in experiments and evaluating their common impact on the … final output. The article presents a case study focused on the possibility of using computer simulation Monte Carlo in the …
Persistent link: https://www.econbiz.de/10011798386
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Laboratory experiments in innovation research : a methodological overview and a review of the current literature
Brüggemann, Julia; Bizer, Kilian - In: Journal of innovation and entrepreneurship : JIE 5 (2016) 24, pp. 1-13
Innovation research has developed a broad set of methodological approaches in recent decades. In this paper, we propose laboratory experiments as a fruitful methodological addition to the existing methods in innovation research. Therefore, we provide an overview of the existing methods, discuss...
Persistent link: https://www.econbiz.de/10011520329
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Inference in economic experiments
Hirschauer, Norbert; Grüner, Sven; Mußhoff, Oliver; … - 2019
Replication crisis and debates about p-values have raised doubts about what we can statistically infer from research findings, both in experimental and observational studies. With a view to the present debate on inferential errors, this paper systematizes and discusses experimental designs with...
Persistent link: https://www.econbiz.de/10012132411
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Historical property rights, sociality, and the emergence of impersonal exchange in long-distance trade
Kimbrough, Erik O.; Smith, Vernon L.; Wilson, Bart J. - In: The American economic review 98 (2008) 3, pp. 1009-1039
Persistent link: https://www.econbiz.de/10003750456
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Endogenous game choice and giving behavior in distribution games
Karagözoğlu, Emin; Tosun, Elif - In: Games 13 (2022) 6, pp. 1-32
We experimentally investigated the effects of the possibility of taking in the dictator game and the choices of passive players between the dictator game and the taking game on the distribution decisions of active players. Our main findings support our hypothesis: when the dictator game is not...
Persistent link: https://www.econbiz.de/10014418152
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Efficient numerical pricing of American call options using symmetry arguments
Stentoft, Lars - In: Journal of risk and financial management : JRFM 12 (2019) 2/59, pp. 1-26
regression and simulation-based least-squares Monte Carlo method by using put-call symmetry. The results show that, for a large …
Persistent link: https://www.econbiz.de/10012022212
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Simulating the market coefficient of relative risk aversion
Azar, Samih Antoine; Karaguezian-Haddad, Vera - In: Cogent economics & finance 2 (2014) 1, pp. 1-7
In this paper, expected utility, defined by a Taylor series expansion around expected wealth, is maximized. The coefficient of relative risk aversion (CRRA) that is commensurate with a 100% investment in the risky asset is simulated. The following parameters are varied: the riskless return, the...
Persistent link: https://www.econbiz.de/10010490408