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Narratives and conventions have received considerable attention in recent discussions of the valuation of financial … assets. Narratives and conventions, however, can only be effective to the extent that they attract and persuade audiences …
Persistent link: https://www.econbiz.de/10015190902
in the former case and the exchange rate in the latter case; thereby utilizing the Keynesian notion of conventions in the …
Persistent link: https://www.econbiz.de/10010318663
This paper presents the results of an experiment on mutual versus common knowl- edge of advice in a two-player weak-link game with random matching. Our experimen- tal subjects play in pairs for thirteen rounds. After a brief learning phase common to all treatments, we vary the knowledge levels...
Persistent link: https://www.econbiz.de/10010328544
In the real world, when people play games, they often receive advice from those that have played it before them. Such advice can facilitate the creation of a convention of behavior. This paper studies the impact of advice on the behavior subjects who engage in a non-overlapping generational...
Persistent link: https://www.econbiz.de/10010334253
Der Beitrag setzt sich mit Walther Müller-Jentschs Konzept von Konfliktpartnerschaft und mit Wolfgang Streecks Kritik an diesem Konzept auseinander. Dabei wird zwischen einem historisch spezifischen und einem allgemeinen Begriff von Konfliktpartnerschaft unterschieden. Es wird – gegen...
Persistent link: https://www.econbiz.de/10011998749
of the results based on the conventions theory approach. …
Persistent link: https://www.econbiz.de/10012148498
We consider an evolutionary model of social coordination in a 2 × 2 game where two groups of players prefer to coordinate on different actions. Players can pay a cost to learn their opponent's group: if they pay it, they can condition their actions concerning the groups. We assess the stability...
Persistent link: https://www.econbiz.de/10013200115
It is widely agreed that the Nasdaq during the dot-com era 20 years ago was a full-fledged stock market bubble. Recently, the US stock market according to many metrics has become significantly more speculative and overvalued than it was at the dot-com peak 20 years ago. In both instances, a very...
Persistent link: https://www.econbiz.de/10012610215
-day conventions on hotel demand. In addition to multi-day conventions, we hand collect data on other major events such as the Indy 500 … effect of conventions and other large events in Indianapolis on average daily room rates, revenue per room, demand, occupancy …, and total revenue. We find large and statistically significant effects for multi-day conventions on hotel demand with very …
Persistent link: https://www.econbiz.de/10012611468
the evolution of conventions. We give an application to the fall of hegemonies in the evolutionary theory of institutions …
Persistent link: https://www.econbiz.de/10011599564