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Hirshleifer, David - Volkswirtschaftliche Fakultät, … - 2001

The basic paradigm of asset pricing is in vibrant flux. The purely rational approach is being subsumed by a broader approach based upon the psychology of investors. In this approach, security expected returns are determined by both risk and misvaluation. This survey sketches a framework for...

Persistent link: https://www.econbiz.de/10005619847

Tipping as a strategic investment in service quality: An optimal-control analysis of repeated interactions in the service industry

Azar, Ofer H.; Tobol, Yossi - Volkswirtschaftliche Fakultät, … - 2006

We present an optimal-control model where tipping behavior creates reputation that affects future service. Tipping and reputation can evolve in four path prototypes: converging to an interior equilibrium; converging to minimum tips and reputation; and two prototypes that start differently but...

Persistent link: https://www.econbiz.de/10005619942

Behavioral economics and socio-economics journals: A citation-based ranking

Azar, Ofer H. - Volkswirtschaftliche Fakultät, … - 2006

Journal quality is a major consideration for authors, readers, and promotion and tenure committees, among others. Unfortunately, most behavioral economics and socio-economics journals are not included in published rankings or in Journal Citation Reports. Consequently, no objective ranking of...

Persistent link: https://www.econbiz.de/10005621734

Incorporating fairness motives into the Impulse Balance Equilibrium concept: an application to experimental 2X2 games

Tavoni, Alessandro - Volkswirtschaftliche Fakultät, … - 2007

Substantial evidence has been accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium...

Persistent link: https://www.econbiz.de/10005621869

Experiments and Economic Development: Lessons from Field Labs in the Developing World

Cardenas, Juan Camilo; Carpenter, Jeffrey P. - 2005

Along with the traditional primitives of economic development (material preferences, technology, and endowments), there … social preferences) also influence economic decisions, the evolution of institutions, and outcomes. Simultaneously, a vast … institutions, socialnorms and preferences on behavior and outcomes. Reflecting on our experience conducting experiments in the …

Persistent link: https://www.econbiz.de/10005636214

Optimal Redistributive Taxation when Government’s and Agents’ Preferences Differ

Blomquist, Sören; Micheletto, Luca - Nationalekonomiska Institutionen, Uppsala Universitet - 2005

some other criterion than individuals’ preferences. Using the self-selection approach to tax problems developed by Stiglitz …

Persistent link: https://www.econbiz.de/10005644606

IS THE HAND OF GOD INVOLVED IN HUMAN COOPERATION?AN EXPERIMENTAL EXAMINATION OF THE SUPERNATURAL PUNISHMENT THEORY

Ahmed, Ali M.; Salas, Osvaldo - Centrum för arbetsmarknadspolitisk forkskning (CAFO), … - 2008

This paper examines the supernatural punishment theory. The theory postulates that religion increases cooperation because religious people fear the retributions that may follow if they do not follow the rules and norms provided by the religion. We report results for a public goods experiment...

Persistent link: https://www.econbiz.de/10005645273

Promises & Partnership

Charness, Gary; Dufwenberg, Martin - Nationalekonomiska institutionen, Stockholms Universitet - 2003

), and examine which motivational forces influence subjects. We find they harbor belief-dependent preferences that can be …

Persistent link: https://www.econbiz.de/10005645507

Determinants of Trust in the European Central Bank

Fischer, Justina AV; Hahn, Volker - Economics Institute for Research (SIR), … - 2008

In this paper we study the determinants of citizens’ trust in the European Central Bank during the start-up phase from 1999-2004. Using a country panel based on the Eurobarometer survey, we find that higher inflation rates reduce trust. Thus people appear to evaluate the performance of the ECB...

Persistent link: https://www.econbiz.de/10005649181

Theories of Fairness and Reciprocity

Fehr, Ernst; Schmidt, Klaus M. - Volkswirtschaftliche Fakultät, … - 2001

insights into the nature of preferences and into the relative performance of competing theories of fairness. The purpose of …

Persistent link: https://www.econbiz.de/10005649789