Showing 1 - 10 of 77
We investigate the role of intentions in two-player two-stage games. For this purpose we systematically vary the set of …
Persistent link: https://www.econbiz.de/10011531595
Extensive evidence from laboratory experiments indicates that many individuals are willing to use costly punishment to enforce social norms, even in one-shot interactions. However, there appears to be little evidence in the literature of such behavior in the field. We study the propensity to...
Persistent link: https://www.econbiz.de/10010312212
Intentions play a fundamental role in many situations characterized by nonsimultaneous interaction from principal … decision makers (DMs) respond to perceived intentions of a matched partner and a stochastic, imperfectly informative outcome … their own decision. Observing no evidence of an outcome bias, we find that the DM reciprocates good intentions under full …
Persistent link: https://www.econbiz.de/10012609040
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
Four years after the last European football championship (EURO) in Austria and Switzerland, the two finalists of the EURO 2008 - Spain and Germany - are again the clear favorites for the EURO 2012 in Poland and the Ukraine. Using a bookmaker consensus rating - obtained by aggregating winning...
Persistent link: https://www.econbiz.de/10010312243
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
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
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
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
It is conjectured that one of the major ingredients of historic financial bubbles was the inflow of money in various forms. We run 36 laboratory asset markets and investigate the joint effect of cash inflow and trading horizon on price efficiency. We show that only markets with cash inflow and...
Persistent link: https://www.econbiz.de/10011531583