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"This book describes a laboratory experiment designed to test the causes and properties of bubbles in financial markets … and explores the question whether it is possible to design markets which avoid such bubbles and crashes. In the experiment …
Persistent link: https://www.econbiz.de/10013278106
This book describes a laboratory experiment designed to test the causes and properties of bubbles in financial markets … and explores the question whether it is possible to design markets which avoid such bubbles and crashes. In the experiment …
Persistent link: https://www.econbiz.de/10013522767
E-nstructions facilitates the use of electronic instructions in computerized laboratory ex-periments in social sciences. In this article I provide a set of guidelines for the installationand the use of E-nstructions.
Persistent link: https://www.econbiz.de/10009248895
Previous research indicates that risky and uncertain marginal returnsfrom the public good significantly lower contributions. This paper presentsexperimental results illustrating that the effects of risk and uncertainty dependon the employed parameterization. Specifically, if the value of the...
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bargaining norms in the case of ultimatum games. Tosubstantiate our claim, we conduct a methodological experiment in which …
Persistent link: https://www.econbiz.de/10005866393
Die menschliche Art ist eine Spezies, die durch Einsatz von Institutionen undNormensystemen kollektive Güter (oder Übel) bereitzustellen vermag.1 Kollektive Güterbilden typischerweise Antworten auf Kollektivgut-Probleme. Eine besonders wichtige Klassesolcher Kollektivgut-Probleme entsteht im...
Persistent link: https://www.econbiz.de/10005866397
During the last three decades the ascent of behavioral economics clearly helped tobring down artificial disciplinary boundaries between psychology and economics.Noting that behavioral economics seems still under the spell of the rational choicetradition – and, indirectly, of behaviorism – we...
Persistent link: https://www.econbiz.de/10005866402