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Dynamic decision structure and risk taking
Eichberger, Jürgen; Güth, Werner; Müller, Wieland - 1999
This paper investigates the behaviour in repeated decision situations. The experimental study shows that subjects show low or no risk-aversion, but put very high value on the opportunity to sell the lottery in every stage of the decision problem. There is evidence that risk attitudes depend on...
Persistent link: https://www.econbiz.de/10009582412
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Estimating persistence in the volatility of asset returns with signal plus noise models
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2010
Persistent link: https://www.econbiz.de/10003963304
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Sorting via screening versus signaling : a theoretic and experimental comparison
Güth, Werner; Winter, Fabian - 2013
Similar to Kübler et al. (2008, GEB 64, p. 219-236), we compare sorting in games with asymmetric incomplete information … capture the structural difference of screening and signaling only via their payoff specification. The experiment thus relies … equilibrium play due to sorting under signaling, compared to screening, is predicted and confirmed experimentally. -- off …
Persistent link: https://www.econbiz.de/10009736798
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Verstehen, Verständigen, Vertrag : Ökonomik als Geistes-, Natur- und Staatswissenschaft
Güth, Werner; Kliemt, Hartmut; Wangenheim, Georg von - 2006
Persistent link: https://www.econbiz.de/10003376012
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Estimating persistence in the volatility of asset returns with signal plus noise models
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2010
This paper examines the degree of persistence in the volatility of financial time series using a Long Memory Stochastic Volatility (LMSV) model. Specifically, it employs a Gaussian semiparametric (or local Whittle) estimator of the memory parameter, based on the frequency domain, proposed by...
Persistent link: https://www.econbiz.de/10003968659
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Persistence and cycles in the US federal funds rate
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2012
This paper uses long-range dependence techniques to analyse two important features of the US Federal Funds effective rate, namely its persistence and cyclical behaviour. It examines annual, monthly, bi-weekly and weekly data, from 1954 until 2010. Two models are considered. One is based on an...
Persistent link: https://www.econbiz.de/10009666490
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Persistence and cycles in the US federal funds rate
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2012
Persistent link: https://www.econbiz.de/10009672480
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Persistence and cycles in the US Federal Funds rate
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2012
This paper uses long-range dependence techniques to analyse two important features of the US Federal Funds effective rate, namely its persistence and cyclical behaviour. It examines annual, monthly, bi-weekly and weekly data, from 1954 until 2010. Two models are considered. One is based on an...
Persistent link: https://www.econbiz.de/10009687196
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Employment duration and resistance to wage reductions : experimental evidence
Burda, Michael C.; Güth, Werner; Kirchsteiger, Georg; … - 1998 - Rev.
One of the long-standing puzzles in economics is why wages do not fall sufficiently in recessions so as to avoid increases in unemployment. Put differently, if the competitive market wage declines, why don’t employers simply force their employees to accept lower wages as well? As an...
Persistent link: https://www.econbiz.de/10009578579
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Crossing the point of no return : a public goods experiment
Fischbacher, Urs; Güth, Werner; Levati, Vittoria M. - 2011
Participants in a public goods experiment receive private or common signals regarding the so-called "point of no return", meaning that if the group's total contribution falls below this point, all payoffs are reduced. An individual faces the usual conflict between private and collective...
Persistent link: https://www.econbiz.de/10009388213