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The Representative Agent Hypothesis: An Empirical Test

Chakrabarty, Manisha; Schmalenbach, Anke - University of Bonn, Germany - 2002

population in the aggregate consumption relation and of assuming time-invariance of the coefficients in this relation, as done in …

Persistent link: https://www.econbiz.de/10004968367

An Exploratory Analysis of the Effect of Current Income on the Relative Change in Aggregate Consumption: A Heterogeneous Household Approach

Chakrabarty, Manisha; Schmalenbach, Anke - University of Bonn, Germany - 2001

explaining the relative change in aggregate consumption using the distributional approach of aggregation by Hildenbrand and Kneip … average derivative of the individual consumption relation without requiring a specific functional form of this relation and …

Persistent link: https://www.econbiz.de/10004989611

The Framing of Games and the Psychology of Play

Dufwenberg, Martin; Gaechter, Simon; Hennig-Schmidt, Heike - University of Bonn, Germany - 2010

Psychological game theory can provide rational-choice-based framing effects; frames influence beliefs, beliefs influence motivations. We explain this theoretically and explore empirical relevance experimentally. In a 2×2 design of one-shot public good games we show that frames affect...

Persistent link: https://www.econbiz.de/10008642098

The Framing of Games and the Psychology of Play

Hennig-Schmidt, Heike - University of Bonn, Germany - 2008

Psychological game theory can help provide a rational choice explanation of framing effects; frames influence beliefs, beliefs influence motivations. We explain this theoretically, and explore the empirical relevance experimentally. In a 2×2 design of one-shot public good games we show that...

Persistent link: https://www.econbiz.de/10005032223