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Games with switching costs and endogenous references

Guney, Begum; Richter, Michael - In: Theoretical Economics 17 (2022) 2, pp. 617-650

We introduce a game-theoretic model with switching costs and endogenous references. An agent endogenizes his reference strategy and then, taking switching costs into account, he selects a strategy from which there is no profitable deviation. We axiomatically characterize this selection procedure...

Persistent link: https://www.econbiz.de/10014536971

The emergence of enforcement

Anderlini, Luca; Felli, Leonardo; Piccione, Michele - 2024

How do mechanisms that enforce cooperation emerge in a society where none are available and agents are endowed with just raw power that allows a more powerful agent to expropriate a less powerful one? We study a model where expropriation is costly and agents can choose whether to engage in...

Persistent link: https://www.econbiz.de/10015046544

Are smarter people really less risk averse?

Sousa, Sergio - 2010

Using hypothetical lottery choices to measure risk preferences, Frederick (2005) finds that higher cognitive ability is associated with less risk aversion. This paper documents, however, that when using an incentive compatible measure of risk preference, attitudes towards risk are not associated...

Persistent link: https://www.econbiz.de/10010277498

Imagine-self perspective-taking and rational self-interested behavior in a simple experimental normal-form game

Karbowski, Adam; Ramsza, Michał - In: Frontiers in Psychology 8 (2017), pp. 1-8

The purpose of this study is to explore the link between imagine-self perspective-taking and rational self-interested behavior in experimental normal-form games. Drawing on the concept of sympathy developed by Adam Smith and further literature on perspective taking in games, we hypothesize that...

Persistent link: https://www.econbiz.de/10011739260

On rational choice and the representation of decision problems

Oliva, Paulo; Zahn, Philipp - In: Games 12 (2021) 4, pp. 1-21

In economic theory, an agent chooses from available alternatives-modeled as a set. In decisions in the field or in the lab, however, agents do not have access to the set of alternatives at once. Instead, alternatives are represented by the outside world in a structured way. Online search results...

Persistent link: https://www.econbiz.de/10013200148

The effect of increased general education in vocational schools: Evidence from a Hungarian vocational school reform

Ghysels, Joris; Hermann, Zoltán; Rud, Iryna; Somers, … - 2017

This paper aims at the evaluation of the reform of vocational education introduced in 1998 in Hungary. The reform … extended the duration of education by one year, and increased teaching time spent on non-vocational subjects. The reform … estimate the effect of the reform on educational attainment, employment and wages in a comparative interrupted time series …

Persistent link: https://www.econbiz.de/10012028733

After Neoliberalism

Quiggin, John - 2024

'economic rationalism'), including policies of privatisation, financial deregulation and micro-economic reform. Throughout this … that we have begun to reverse the failed policies of privatisation and deregulation and to consider radical alternatives …

Persistent link: https://www.econbiz.de/10015324890

Fantasy Pitching

Faff, Robert W.; Ali, Searat; Atif, Muhammad; Brenner, Matt - In: Journal of Accounting and Management Information … 16 (2017) 2, pp. 360-379

This paper outlines a fantasy research pitch exercise conducted in a PhD course at the University of Queensland. Using Faff's (2015, 2017) pitching research template, students attending the course were asked to engage in a group exercise to pitch a "fantasy" research topic. While the final...

Persistent link: https://www.econbiz.de/10015196252

Pitching Non-English Language Research: A Dual-Language Application of the Pitching Research Framework

Faff, Robert W.; Shaob, Xuefeng; Alqahtani, Faisal; … - In: Journal of Accounting and Management Information … 17 (2018) 2, pp. 266-290

The global language of scholarly research is English and so the obstacle of getting noticed is montainous when the article is not written in the English language. Indeed, despite rapid advances in technology, the "tyranny of language" creates a segmentation inhibiting scholarly research and...

Persistent link: https://www.econbiz.de/10015196285

Social Distancing, Vaccination and Evolution of Covid-19 Transmission Rates in Europe

Chudik, Alexander; Pesaran, M. Hashem; Rebucci, Alessandro - 2022

This paper provides estimates of COVID-19 effective reproduction numbers and explains their evolution for selected European countries since the start of the pandemic taking account of changes in voluntary and government mandated social distancing, incentives to comply, vaccination and the...

Persistent link: https://www.econbiz.de/10013353366