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Nudging Climate Change Mitigation : A Laboratory Experiment with Inter-Generational Public Goods

Böhm, Robert - 2020

To avoid the dangerous consequences of climate change, humans need to overcome two intertwined conflicts. First, they have to deal with an intra-generational conflict that emerges from the allocation of costs of climate change mitigation among different actors of the current generation. Second,...

Persistent link: https://www.econbiz.de/10012844471

An Experiment on Case-Based Decision Making

Grosskopf, Brit - 2008

We experimentally investigate the disposition of decision makers to use case-based reasoning as suggested by Case-Based Decision Theory (Gilboa and Schmeidler, 1995). Our subjects face a monopoly decision problem about which they have very limited information. Information is presented in a...

Persistent link: https://www.econbiz.de/10012726139

The Allocation of Attention : Theory and Evidence

Gabaix, Xavier - 2008

A host of recent studies show that attention allocation has important economic consequences. This paper reports the first empirical test of a cost-benefit model of the endogenous allocation of attention. The model assumes that economic agents have finite mental processing speeds and cannot...

Persistent link: https://www.econbiz.de/10012727943

Can Markets Learn to Avoid Bubbles?

Miller, Ross M. - 2008

setting and the difficulty of preventing them. This article re-examines bubble experiments in light of the results of an … earlier series of market experiments that examine how learning occurs in markets characterized by an asymmetry of information … markets used in bubble experiments are incomplete in that they are lacking a complete set of forward or futures markets …

Persistent link: https://www.econbiz.de/10012728152

Coordination and Learning in Dynamic Global Games : Experimental Evidence

Shurchkov, Olga - 2007

This paper uses a laboratory experiment to test the predictions of a dynamic global game designed to capture the self-fulfilling nature of speculative attacks. The game has two stages and a large number of heterogeneously informed agents deciding whether to attack the status quo. In the first...

Persistent link: https://www.econbiz.de/10012729505

Is Reputation Good or Bad? An Experiment

Grosskopf, Brit - 2006

We experimentally test whether the possibility of building a reputation impacts behavior in the manner suggested by theory. Our unified reputation framework theoretically allows for either the good or the bad reputation prediction to emerge. Our design additionally varies whether reputation...

Persistent link: https://www.econbiz.de/10012733116

Risk Attitudes in Large Stake Gambles : Evidence from a Game Show

Deck, Cary A. - 2006

This paper estimates the degree of risk aversion of contestants appearing on Vas o No Vas, the Mexican version of Deal or No Deal. We consider both dynamic agents who fully backward induct and myopic agents that only look forward one period. Further, we vary the level of forecasting...

Persistent link: https://www.econbiz.de/10012733337

Neuroeconomics : Opening the Black Box of Economic Behavior

Yu, Rongjun - 2008

This paper introduces an emerging interdisciplinary research field, namely neuroeconomics, which uses the neuroscientific methods to investigate the neural systems supporting economically relevant behaviors. Traditional economic research is restricted to the level of describing decision...

Persistent link: https://www.econbiz.de/10012773319

Observing Unobservables : Identifying Information Asymmetries with a Consumer Credit Field Experiment

Karlan, Dean S. - 2008

Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major South...

Persistent link: https://www.econbiz.de/10012774404

Infectious Diseases, Contamination Rumors and Ethnic Violence : Regimental Mutinies in the Bengal Native Army in 1857 India

Dutta, Sunasir - 2017

The current paper connects anxiety about disease contamination to that about cultural contamination and the exclusionary behavior toward ethnic outgroups that it incites. We suggest that when individuals are exposed to disease fears, an epistemic groundwork is laid for construing outgroups as...

Persistent link: https://www.econbiz.de/10012957183