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Deception through telling the truth?!: Experimental evidence from individuals and teams

Sutter, Matthias - 2007

Informational asymmetries abound in economic decision making and often provide an incentive for deception through telling a lie or misrepresenting information. In this paper I use a cheap-talk sender-receiver experiment to show that telling the truth should be classified as deception too if the...

Persistent link: https://www.econbiz.de/10010293415

When do fiscal consolidations lead to consumption booms? Lessons from a laboratory experiment

Geiger, Martin; Luhan, Wolfgang; Scharler, Johann - 2015

According to the expectations channel, a fiscal consolidation may give rise to less contractionary, or even … design a laboratory experiment to study the conditions under which the expectations channel operates. Our results indicate … consumption, which supports the expectations channel. We also find that the expectations channel is more pronounced if the fiscal …

Persistent link: https://www.econbiz.de/10011382733

Teams Make You Smarter: Learning and Knowledge Transfer in Auctions and Markets by Teams and Individuals

Maciejovsky, Boris; Sutter, Matthias; Budescu, David V.; … - 2010

We study the impact of team decision making on market behavior and its consequences for subsequent individual performance in the Wason selection task, the single-most studied reasoning task. We reformulated the task in terms of assets in a market context. Teams of traders learn the task's...

Persistent link: https://www.econbiz.de/10010294767

Bank-lending standards, loan growth and the business cycle in the Euro area

Kaufmann, Sylvia; Scharler, Johann - 2013

We study the relationship between bank lending standards, loan growth and the business cycle in the euro area and the US within a vector error correciton model using Bayesian estimation methods. To deal with the short data series available for the euro area, we exploit information from the...

Persistent link: https://www.econbiz.de/10010397178

The banker's oath and financial advice

Weitzel, Utz; Kirchler, Michael - 2022

Financial misbehavior is widespread and costly. The Dutch government legally requires every employee in the financial sector to take a Hippocratic oath, the so-called "banker's oath." We investigate whether nudges that (in)directly remind financial advisers of their oath affect their service. In...

Persistent link: https://www.econbiz.de/10014319996

History Repeating: Spain Beats Germany in the EURO 2012 Final

Zeileis, Achim; Leitner, Christoph; Hornik, Kurt - 2012

.9%). Thus, one can conclude that - based on bookmakers' expectations - it seems most likely that history repeats itself and …

Persistent link: https://www.econbiz.de/10010312243

Bubble or no Bubble - The Impact of Market Model on the Formation of Price Bubbles in Experimental Asset Markets

Kirchler, Michael; Huber, Jürgen; Stöckl, Thomas - 2009

For the past two decades a market model introduced by Smith, Suchanek, and Williams (1988, henceforth SSW) has dominated experimental research on financial markets. In SSW the fundamental value of the traded asset is determined by the expected value of a finite stream of dividend payments. This...

Persistent link: https://www.econbiz.de/10010294788

Home victory for Brazil in the 2014 FIFA World Cup

Zeileis, Achim; Leitner, Christoph; Hornik, Kurt - 2014

After 36 years the FIFA World Cup returns to South America with the 2014 event being hosted in Brazil (after 1978 in Argentina). And as in all previous South American FIFA World Cups, a South American team is expected to take the victory: Using a bookmaker consensus rating - obtained by...

Persistent link: https://www.econbiz.de/10010397162

The inflow-effect: Trader inflow and bubble formation in asset markets

Kirchler, Michael; Bonn, Caroline; Huber, Jürgen; … - 2014

We investigate the impact of trader and cash inflow on bubble formation in asset markets with a novel design featuring heterogeneous information and a constant fundamental value. Implementing seven treatments we find that (i) only the joint inflow of traders and cash triggers bubbles...

Persistent link: https://www.econbiz.de/10011382721

The Banker's Oath And Financial Advice

Weitzel, Utz; Kirchler, Michael - 2021

Financial misbehavior is widespread and costly. The Dutch government legally requires every employee in the financial sector to take a Hippocratic oath, the so-called "banker's oath." We investigate whether moral nudges that directly and indirectly remind financial advisers of their oath affect...

Persistent link: https://www.econbiz.de/10012609047