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Resolving persistent uncertainty by self-organized consensus to mitigate market bubbles

Sornette, Didier; Andraszewicz, Sandra; Murphy, Ryan O.; … - 2016

We propose a new paradigm to study coordination in complex social systems, such as financial markets, that accounts for fundamental uncertainty. This new context has features from prediction markets that have been shown previously to mitigate price bubbles in classical asset market experiments....

Persistent link: https://www.econbiz.de/10011514493

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

The geometry of distributional preferences and a non-parametric identification approach

Kerschbamer, Rudolf - 2013 - This Version: October 2013

This paper proposes a geometric delineation of distributional preference types and a non-parametric approach for their identification in a two-person context. It starts with a small set of assumptions on preferences and shows that this set (i) naturally results in a taxonomy of distributional...

Persistent link: https://www.econbiz.de/10010191920

Chapter 35 A Survey of Peace Economics

Anderton, Charles H.; Carter, John R. - In: Handbook of defense economics : volume 2, Defense in a …, (pp. 1211-1258). 2007

Peace economics can be defined as the use of economics to understand the causes and effects of violent conflict in the international system and the ways that conflict can be avoided, managed, or resolved. This chapter surveys major subject areas of peace economics, highlighting seminal as well...

Persistent link: https://www.econbiz.de/10014024394

Large effects of small cues : priming selfish economic decisions

Snir, Avichai; Levy, Dudi; Wang, Dian; Chen, Haipeng; … - 2024 - Revised: April 21, 2024

Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...

Persistent link: https://www.econbiz.de/10014531967

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

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

CHINAGEM - A Dynamic General Equilibrium Model of China: Theory, Data and Applications

Peng, Xiujian (ed.) - 2023

model. This book explores the closure development for the four simulation modes of the model including historical …, decomposition, forecast and policy simulations, the detailed explanation of how to analyze simulation results, and the extensions of … modules chosen in the book cover hot policy issues in China, and the simulation results have valuable policy implications …

Persistent link: https://www.econbiz.de/10014333807

A few can do: Ethical behavior and the provision of public goods in an agent-based model

Pickhardt, Michael - Centrum für angewandte Wirtschaftsforschung, … - 2010

, enlightened selfish agents and ethically motivated agents. I use a simple agent-based simulation approach that incorporates type …

Persistent link: https://www.econbiz.de/10009369524

A few can do – Ethical behavior and the provision of public goods in an agent-based model

Pickhardt, Michael - Institut für Siedlungs- und Wohnungswesen, …

, enlightened selfish agents and ethically motivated agents. I use a simple agent-based simulation approach that incorporates type …

Persistent link: https://www.econbiz.de/10010761692