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Considerable experimental evidence has been collected on how to solve the public-good dilemma. In a 'first generation' of experiments, this was done by presenting subjects with a pre-specified game out of a huge variety of rules. A 'second generation' of experiments introduced subjects to two...
Persistent link: https://www.econbiz.de/10015217937
This paper estimates the risk preferences of cotton farmers in Southern Peru, using the results from a multiple-price-list lottery game. Assuming that preferences conform to two of the leading models of decision under risk--Expected Utility Theory (EUT) and Cumulative Prospect Theory...
Persistent link: https://www.econbiz.de/10015218509
The primary purpose of this work consists of: (i) creation of a virtual company associated with a real company (real system) still non-existent; (ii) experimentation on this virtual enterprises (model), simulating their activity (behavior to over various periods of time); and (iii) analyze the...
Persistent link: https://www.econbiz.de/10015218625
The present action-research investigated the state of the art in connection to the planning of the vocational training and built a model of good praxis to develop such practices. The search is itself carried out through interviews to entrepreneurs, trade unions, technicians of the vocational...
Persistent link: https://www.econbiz.de/10015220331
In this paper, we use experimental economics methods to test how well Analytic Hierarchy Process (AHP) fares as a choice support system in a real decision problem. AHP provides a ranking that we statistically compare with three additional rankings given by the subjects in the experiment: one at...
Persistent link: https://www.econbiz.de/10015222535
A literature in the social sciences proposes that humans can promote cooperation with strangers by signaling their generosity through investment in unrelated pro-social activities. This paper studied this hypothesis by conducting a laboratory experiment with an infinitely repeated prisoner’s...
Persistent link: https://www.econbiz.de/10015222744
In quantitative research methodology, the empirical research method is finding importance due to its effectiveness in carrying out research in social sciences, business management, and health sciences. The empirical research method contains the procedure of developing a model to find the...
Persistent link: https://www.econbiz.de/10015223885
We examine equilibration in a market where Marshallian path adjustment can be enforced, or not, as a treatment: a posted offer market either with buyer queueing via value order, or random order, respectively. We derive equilibrium predictions, and run experiments crossing queueing rules with...
Persistent link: https://www.econbiz.de/10015223927
We examine equilibration in a market where Marshallian path adjustment can be enforced, or not, as a treatment: a posted offer market either with buyer queueing via value order, or random order, respectively. We derive equilibrium predictions, and run experiments crossing queueing rules with...
Persistent link: https://www.econbiz.de/10015224947
This paper examines the deterrence effect of two auditing rules via a laboratory experiment. A traditional rule which is usually assumed in the auditing literature, audits a taxpayer with a constant probability, which is independent of others' tax returns. A bounded rule recently proposed and...
Persistent link: https://www.econbiz.de/10015225079