Delayed perfect monitoring in an in�nitely repeated discounted game is studied. A player perfectly observes any other player's action choice with a fixed, but finite delay. The observational delays between different pairs of players are heterogeneous and asymmetric. The Folk Theorem extends to...

Motivated by the two-decade-long scientific debate over the existence of the ego-depletion effect, our paper contributes to exploring the scope conditions of ego-depletion theory. Specifically, in a randomized experiment, we depleted students’ self-control with a cognitively demanding task...

Since trust correlates with economic development and in turn economic development associates with political regime, we conjecture that there may be a relationship between trust and political regime. Without looking for any casual inference, we investigate if trust aggregated on the country level...

In this study, we estimate unadjusted and adjusted gender gaps in time preference, risk attitudes, altruism, trust, trustworthiness, cooperation, and competitiveness using data on 1088 high school students from 53 classes. These data, collected by running incentivized experiments in Hungarian...

Between March 2019 and March 2020, we visited 53 school groups (classes) in 9 Hungarian schools to measure time, risk, social and competitive preferences of 1108 secondary school students using incentivized laboratory experimental tasks. We applied the unfolding brackets method to measure time...

We study how lines form in front of banks. In our model, depositors choose first the level of effort to arrive early at the bank and then whether or not to withdraw their deposit. We argue that the informational environment (i.e., the possibility of observing the action of others) affects the...

Sorting according to the gender or cognitive abilities of the traders has been investigated as a potential source of overpricing in asset markets. Here we study if sorting according to risk attitudes matters, motivated by the fact that filtering out risk-averse investors is practiced widely in...

During the COVID-19 pandemic, many countries eased the burden on borrowers through loan forbearance. Using a representative sample of the Hungarian adult population, we investigate whether time preferences and locus of control are associated with loan forbearance takeup. We find evidence that...

Tanulmányunkban bemutatjuk a kontrollhely fogalmát, ezt a közgazdaságtanban egyre gyakrabban kutatott nem kognitív képességet. Ezután áttekintjük a kontrollhely közgazdaságtani irodalmát, és bemutatjuk, hogy akik úgy gondolják, maguk irányítják az életüket, sikeresebbek az...

The theoretical literature on bank runs has modeled depositors’ withdrawal decision as a one-off choice, made simultaneously by all depositors. Our game-theoretic framework gives depositors a heterogeneous, stochastic opportunity to change their minds about withdrawing their money. They can...