Wir analysieren die Vorgehensweise bei der Diskontierung langfristiger Projekte. Unsere Untersuchungen zur reinen … formulation of an adjusted OLG-discounting method (GAD) of consumption units, taking into consideration intra- and …

vergleichen das Verhalten der Teilnehmer in zwei Situationen: Certain Punishment, in welcher ein Gefangenendilemma um eine … Versuchsanordnung gibt. In beiden Fällen kooperieren risikoaverse Teilnehmer gleich häufig im Gefangenendilemma und bestrafen mit … einmaligen Gefangenendilemma? In unserem Experiment beobachten wir, dass Experimentalteilnehmer so gut wie nie bestrafen …

This half-semester course discusses decision theory and topics in game theory. We present models of individual decision …, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi …-stage games, sequential equilibrium, trembling-hand perfection, stability, signaling games, theory of auctions, global games …

A concept of dynamic stability in infinitely repeated games with discounting is presented. For this purpose, one … modification of the available theory is needed: we need to relax the assumption that the game starts in a given period. Under this …

growth theory. Nordhaus argues that the Stern Review exaggerates the effects of global warming because it uses a discount … rate that is well below the market rate of return on capital. From the perspective of classical growth theory, Nordhaus … agents. The classical theory of growth interprets the market return to capital as a reflection of the property relations of …

adjusted OLG-discounting method of consumption units, taking into consideration intra- and intergenerational aspects. At the …

expressed. Kahneman and Tversky's Prospect Theory (1979) explains many of these "framing" effects as shifts in the point of …