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This paper presents results of repeated economic lab experiments. They were designed to test a model of combinatorial … bidder can more fully express his preferences. This is particular important when items are complements. In the experiment …. The design of the laboratory experiment is presented in the next section and the results are shown in the last section. …
Persistent link: https://www.econbiz.de/10009147148
We present a model of learning in which agents learn from errors. If an action turns out to be an error, the agent … an acceptable solution is asymptotically reached. Moreover, one can take advantage of big errors for a faster learning. …
Persistent link: https://www.econbiz.de/10005572182
various groups of people who undertake the experiment. Our experiments try to (1) Evaluate real outcomes of model situations …'s dilemma and Ultimate and Dictator Games. In accordance to previous foreign experiments, we conclude that in real situations …-riding, people voluntarily contributed to public goods. According to the results of our experiments, the hypothesis that economists …
Persistent link: https://www.econbiz.de/10008754965
Continuing concentration of retail chains with prevailing assortment of fast moving consumer goods is empirically visible tendency present in Europe, overall consolidation of chains on saturated markets in situation of reserved consumer optimism is inavoidable. Such circumstances enable changes...
Persistent link: https://www.econbiz.de/10009398918
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We examine a strategic-choice handicap model in which males send costly signals to advertise their quality to females. Females are concerned with the net viability of the male with whom they mate, where net viability is a function of the male's quality and signal. We identify circumstances in...
Persistent link: https://www.econbiz.de/10004968337
Theory of redistribution systems is an application and at the same time extension of Game Theory. It deals with functioning of institutions, establishments, firms and others social systems, in that pay-offs are redistributed in contrast to achievement of individual players. The redistribution is...
Persistent link: https://www.econbiz.de/10008545887
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Learning process is a new approach of filling the gap between adaptive expectations and rational expectations. Private … agents are learning new information and adjust their expectation about the inflation and output gap. Central bank … transparency is one of the key factors of learning by private agents. However the learning process is also very important aspect …
Persistent link: https://www.econbiz.de/10008564640