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We study the provision of public goods. Different public goods can be bundled provided there is enough capacity, i.e. resources to pay for all the public goods in the bundle. The analysis focuses on the all-or-nothing-mechanism: Expand provision as much as resource feasible if no one vetoes -...
Persistent link: https://www.econbiz.de/10012908660
When making a decision, humans consider two types of information: information they have acquired through their prior experience of the world, and further information they gather to support the decision in question. Here, we present evidence that data from search engines such as Google can help...
Persistent link: https://www.econbiz.de/10012890500
Individuals may respond differently to their own past performance than to their teammates' performance in a multi-battle competition. Using field data from professional squash team tournaments, we show that while previous individual success begets more success, teammates' past performance has...
Persistent link: https://www.econbiz.de/10012935135
Polygyny is an institution with deep roots in West Africa. Many papers have attempted to explain the rationality and persistence of this phenomenon through time. Less effort has been devoted to studying the effect of polygyny on household economic behavior. This question is policy relevant given...
Persistent link: https://www.econbiz.de/10012938338
This paper provides an overview of the politics of crisis management using a minor, but significant extension of the core rational choice models of political decision making. The focus of analysis is crisis management within democratic polities, although much of it will also apply to crisis...
Persistent link: https://www.econbiz.de/10012761718
What is the role of intuitive versus deliberative cognitive processing in human cooperation? The Social Heuristics Hypothesis (SHH) stipulates that (i) intuition favors behaviors that are typically advantageous (i.e. long-run payoff-maximizing), and that for most people cooperation is typically...
Persistent link: https://www.econbiz.de/10012870482
This paper considers a population divided into two significantly-sized groups regarding the preferences its members have about a single public good. The public good equilibrium amount is that of the majority group in such a way that it is far from the Pareto-efficient one. This allows us to...
Persistent link: https://www.econbiz.de/10012872203
Two separate bodies of work have examined whether culture affects cooperation in economic games and whether cooperative or non-cooperative decisions occur more quickly. Here, we connect this work by exploring the relationship between decision time and cooperation in American versus Indian...
Persistent link: https://www.econbiz.de/10012968930
Certain lawyers are asking the president-elect Trump and family to sell all his assets including vast world-wide real estate at fire-sale prices and place the proceeds in a blind trust or US Treasury bonds. This will be very disruptive, unfair and may discourage future global entrepreneurs from...
Persistent link: https://www.econbiz.de/10012978419
This paper develops a discussion to examine two distinct disciplines being Physics and Social Sciences exploring the relationship between the principles of Quantum Mechanics and Firm Financial Performance.Quantum Mechanics of course is defined as explaining the behaviour of matter and its...
Persistent link: https://www.econbiz.de/10012979465