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The curse of knowledge increases self-selection into competition : experimental evidence ; conference paper

Danz, David - 2014

others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …

Persistent link: https://www.econbiz.de/10010488505

Correlation neglect in belief formation : conference paper

Enke, Benjamin; Zimmermann, Florian - 2013

direct support to recent models of boundedly rational learning in social networks. In an experimental market setting …

Persistent link: https://www.econbiz.de/10010339934

Dynamics of monetary-fiscal interaction under learning : conference paper

Hollmayr, Josef; Matthes, Christian - 2014 - Very preliminary and incomplete

The interaction between monetary and fiscal policy and the associated uncertainty about this interaction have been put on center stage by the recent financial crisis and the associated recession. In our model agents learn about both fiscal and monetary policy rules via the Kalman Filter. In...

Persistent link: https://www.econbiz.de/10010491162

Discharge of residual debt : do private and institutional lenders differ? ; conference paper

Kirchkamp, Oliver; Prömpers, Henning - 2013

With the help of lab experiments we study the impact of discharging insolvent debtors of their residual debt. We …

Persistent link: https://www.econbiz.de/10010341120

Informational asymmetries in laboratory asset markets with state-dependent fundamentals : conference paper

Keser, Claudia; Markstädter, Andreas - 2014

We investigate the formation of market prices in a new experimental setting involving multi-period asset markets with state-dependent fundamentals. We are particularly interested in two informational aspects: (1) the role of traders who are informed about the true state and (2) the provision of...

Persistent link: https://www.econbiz.de/10010483895

Heterogeneous expectations, optimal monetary policy, and the merit of policy inertia : conference paper

Gasteiger, Emanuel - 2014

The design and analysis of optimal monetary policy is usually guided by the paradigm of homogeneous rational expectations. Instead, we examine the dynamic consequences of implementation strategies, when the actual economy features expectational heterogeneity. Agents have either rational or...

Persistent link: https://www.econbiz.de/10010489292

Smooth, strategic communication : conference paper

Deimen, Inga; Szalay, Dezsö - 2014

We study strategic communication between a Sender and Receiver who are both uncertain about their preferred actions. The Sender observes noisy signals about both players' ideal policies and then communicates with the Receiver. Even though Sender and Receiver disagree about ideal policies as a...

Persistent link: https://www.econbiz.de/10010482440

Old money, the nouveau riche and Brunhilde's marriage dilemma : conference paper

Bronsert, Anne-Kathrin; Glazer, Amihai; Konrad, Kai A. - 2014

This paper proposes a screening approach to explain why dating is associated with purchasing status products and conspicuous gift giving. A potential bride searching for a husband may seek to screen candidates whose income is only partially observable. Taking into account that she also bears...

Persistent link: https://www.econbiz.de/10010484412

Differences in cognitive control between real and hypothetical payoffs

Morgenstern, Ralf; Heldmann, Marcus; Vogt, Bodo - In: Theory and decision : an international journal for … 77 (2014) 4, pp. 557-582

Persistent link: https://www.econbiz.de/10010487065

The impact of information risk and market stress on institutional trading : new evidence through the lens of a simulated herd model ; conference paper

Boortz, Christopher K.; Jurkatis, Simon; Kremer, Stephanie - 2013

This paper sheds new light on the impact of information risk and market stress on herding of institutional traders from … herding intensity should increase with information risk. Market stress should affect herding asymmetrically: while there is … more sell herding when the market becomes more pessimistic and more uncertain, buy herding intensity should decrease. We …

Persistent link: https://www.econbiz.de/10010343757

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