The probability that actors in economic relationships break rules increases with the profits they thus expect to earn. It decreases with the probability and level of short- and long-term losses resulting from disclosure. It also decreases with the level of social context factors and intrinsic...

This paper gives an overview of simulation based procedures, which have proved to be efficient in valuing American options and therefore real options. Many of them integrate sequential stochastic simulations in the backward recursive programming approach to determine the early-exercise frontier....

Traditionell werden ökonomische Experimente im Labor durchgeführt. In der letzten Zeit nimmt die Bedeutung von Extralaborexperimenten zu. Extralaborexperimente sind Experimente, die von der Laborumgebung abweichen. Dazu zählen internetbasierte Experimente. Diese ermöglichen es,...

This thesis contributes to the understanding of the economic decision making of farmers. In five chapters, different experimental investigations of preferences and cognitive biases are presented. Various experimental measures of risk and time preference are applied to analyze farmers’...