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preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters … dependence compared to classical models of expected utility theory. It is shown that some empirical puzzles concerning … utility theory are met. It is shown that the methodological concerns are empirically relevant when a classification of …
Persistent link: https://www.econbiz.de/10009482308
sets simulated for Full Signal Detection Theory and its special cases of standard Signal Detection Theory and Complementary … Signal Detection Theory. …
Persistent link: https://www.econbiz.de/10009441534
Chapter 1: Efficient Design of an Auction with Discrete Bid Levels This paper studies one of auction design issues: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than one bidder who submits the same bid, the auction cannot...
Persistent link: https://www.econbiz.de/10009450772
choice between annuities and a lump-sumpayment. Subjects in our field experiment did not have to retire or change their … while discounted utility theory gives acceptablepredictions of the farmers’ behavior, other factors have to be taken into …
Persistent link: https://www.econbiz.de/10009446535
Impulsivity and inconsistency in intertemporal choice have been attracting attention in econophysics and neuroeconomics. Although loss of self-control by substance abusers is strongly related to their inconsistency in intertemporal choice, researchers in neuroeconomics and psychopharmacology...
Persistent link: https://www.econbiz.de/10009448386
behavioral experiment (N=117) comparing three communication media (face-to-face, email, and Internet reverse auctions) and two …
Persistent link: https://www.econbiz.de/10009431843
"Good work" is interpreted from an employer's and a worker's viewpoint. An economic experiment on the existence of … their duration is subject of a second theoretical model. An experiment yields further insights to this topic. …
Persistent link: https://www.econbiz.de/10009434478
Process models are used by information professionals to convey semantics about the business operations in a real world domain intended to be supported by an information system. The understandability of these models is vital to them being used for information systems development. In this paper,...
Persistent link: https://www.econbiz.de/10009438157
Klassische Geldbewertung unterstellt einen Zusammenhang zwischen Geld (x) und empfundener Geldbewertung über eine Funktion v(x) für x=0.In dieser Arbeit wird die "Fenstertheorie der emotionalen Wahrnehmung" von Albers als neuer Ansatz der Geldbewertung vorgestellt. Dieser unterstellt keine...
Persistent link: https://www.econbiz.de/10009452615
Van Boening and Wilcox ran experiments finding that the ordinarily robust DoubleAuction produced inefficient results in an environment characterized by a small numberof sellers with non-convex cost structures (i.e. large avoidable fixed costs, zeroincremental costs, and production quantity...
Persistent link: https://www.econbiz.de/10009458930