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Most of the empirical research on the role of trust as a determinant for economic prosperity relies on survey measured indicators for trust. In this chapter I discuss a number of studies providing microfoundations of the link between survey measured trust and cooperative behavior in controlled...
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resource, and there is uncertainty about who will win the resource if they choose to compete. Players have different confidence … know her opponent's confidence level. We characterize the evolutionarily stable equilibrium, represented by players …' strategies and distribution of confidence levels. Under different informational environments, a majority of players are …
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The purpose of this paper is to investigate to what extent financial investors are overconfident in financial markets. More importantly, I explored how this psychological attribute may have any bearing on investment performance. The main question is how ans why overconfidence affect investment...
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Der Ausgangspunkt dieser Dissertation ist der Gedanke, dass es in dem Interesse der Gesellschaft ist, prosoziales Verhalten zu fördern. Weitaus fraglicher ist, welche Strategien geeignet sind, um dieses Ziel zu erreichen. In dieser Arbeit betrachte ich drei Maßnahmen: Die Einführung von...
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Social interactions pervade daily life and thereby create an abundance of social experiences. Such personal experiences likely shape what we believe and who we are. In this paper, we ask if and how personal experiences from social interactions determine individuals’ inclination to trust...
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