Similar Search Results

An offer you can't refuse? : incentives change what we believe

Ambuehl, Sandro - 2017

Much of economics assumes that higher incentives increase participation in a transaction only because they exceed more … costly, higher incentives also change reservation prices to further increase participation. A higher incentive makes people …. Hence, incentives change not only what people choose, but also what they believe their choices entail. This result informs …

Persistent link: https://www.econbiz.de/10011588031

When Beliefs About Future Create Future - Exploitation of a Common Ecosystem from a New Perspective

Wiszniewska-Matyszkiel, Agnieszka - In: Strategic Behavior and the Environment 4 (2014) 3, pp. 237-261

In this paper, a model of an ecosystem influenced by a large human population is presented. It is modelled by a discrete time dynamic game with many players and a simple dynamics. The paper proposes a new way to look at the problems of exploitation of ecosystems by many users — using the...

Persistent link: https://www.econbiz.de/10010885178

The Double Standard in Environmental Science

Trimble, Stanley W. - 2007

My experience suggested to me that ideology, not sound environmental science, has established a significant grip on the top scientific press. This article attempts to portray the emotionalism, exaggeration, and even ideological viciousness - qualities that to me define extremism - that have...

Persistent link: https://www.econbiz.de/10014225444

Investment in a Monopoly with Bayesian Learning

Koulovatianos, Christos; Mirman, Leonard J.; Santugini, Marc - University of Vienna, Department of Economics - 2006

We study how learning affects an uninformed monopolist?s supply and investment decisions under multiplicative uncertainty in demand. The monopolist is uninformed because it does not know one of the parameters deÞning the distribution of the random demand. Observing prices reveals this...

Persistent link: https://www.econbiz.de/10005463505

A Paradox of Environmental Awareness Campaigns

Koulovatianos, Christos - Volkswirtschaftliche Fakultät, … - 2010

-conservation incentives: anyone having exploitation rights becomes inclined to consume more of the resource earlier, before others overexploit …

Persistent link: https://www.econbiz.de/10008753059

Strategic Exploitation of a Common-Property Resource Under Rational Learning About its Reproduction

Koulovatianos, Christos - Centre de Recherche en Économie Appliquée (CREA), … - 2014

resources to reproduce, can create anti-conservation incentives. The single player whose be- liefs have been shifted towards mor …

Persistent link: https://www.econbiz.de/10011095237

The Effect of Consumers' Expectations in a Booming Housing Market

Rouwendal, Jan; Longhi, Simonetta - 2007

Even though economic models have been relatively successful in explaining the long run patterns of house prices, they have more difficulties in explaining short run developments of the housing markets. However, the fact that during such ‘bubbles’ the spatial pattern of house prices, which...

Persistent link: https://www.econbiz.de/10010325383

Correlation Neglect in Belief Formation

Enke, Benjamin; Zimmermann, Florian - 2013

Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...

Persistent link: https://www.econbiz.de/10010328793

Correlation Neglect in Belief Formation

Enke, Benjamin; Zimmermann, Florian - 2013

occurring informational environment, in which subjects predict GDP growth on the basis of real news reports. …

Persistent link: https://www.econbiz.de/10010329421

Bet against the trend and cash in profits

Almeida Ramos, Raquel; Bassi, Federico; Lang, Dany - 2020

This paper intends to contribute to the theoretical literature on the determinants of exchange rate fluctuations. We build an agent-based model, based on behavioral assumptions inspired by the literature on behavioral finance and by empirical surveys about the behavior of foreign exchange...

Persistent link: https://www.econbiz.de/10012609086