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Limited Rationality and Strategic Interaction - the Impact of the Strategic Environment on Nominal Inertia

Fehr, Ernst; Tyran, Jean-Robert - 2008

important economic problem - the adjustment of nominal prices after an anticipated money shock. Our experiments show that when … agents' actions are strategic substitutes adjustment to the new equilibrium is extremely quick whereas under strategic … complementarity adjustment lasts very long and is associated with relatively large real effects. This adjustment difference occurs …

Persistent link: https://www.econbiz.de/10014101526

On the role of heuristics : experimental evidence on inflation dynamics

Lambsdorff, Johann; Schubert, Manuel; Giamattei, Marcus - 2011

Persistent link: https://www.econbiz.de/10009406634

Strategic complementarities and nominal rigidities

König, Philipp Johann; Meyer-Gohde, Alexander - 2014

endogenous adjustment of agents' beliefs regarding the aggregate price level. …

Persistent link: https://www.econbiz.de/10010412438

On the role of heuristics : experimental evidence on inflation dynamics

Lambsdorff, Johann; Schubert, Manuel; Giamattei, Marcus - 2011

adjustment and thus history dependence. By reporting a business indicator in a simpler form, subjects were given the chance to …

Persistent link: https://www.econbiz.de/10009424889

Price adjustment policy with partial refunds

Cohen-Vernik, Dinah; Pazgal, Amit I. - In: Journal of retailing 93 (2017) 4, pp. 507-526

Persistent link: https://www.econbiz.de/10011790716

Trust and Trustworthiness Reputations in an Investment Game

Charness, Gary - 2010

Trust is an essential component of good social outcomes and effective economic performance. This is particularly true in environments such as the Prisoner's Dilemma or standard public-goods games, where the equilibrium in a one-shot case involves strictly uncooperative behavior. Evolutionary...

Persistent link: https://www.econbiz.de/10013146695

Do reciprocators exploit or resist moral wiggle room? : an experimental analysis

Matthey, Astrid; Regner, Tobias - 2015

By now there is substantial experimental evidence that people make use of "moral wiggle room" (Dana et al., 2007), that is, they tend to exploit moral excuses for selfish behavior. However, this evidence is limited to dictator games. In our experiment, a trust game variant, we study whether...

Persistent link: https://www.econbiz.de/10011446176

Reciprocity under moral wiggle room : is it a preference or a constraint?

Regner, Tobias - 2016

We analyze reciprocal behavior when moral wiggle room exists. Dana et al. (2007) show that giving in a dictator game is only partly due to distributional preferences as the giving rate drops when situational excuses for selfish behavior are provided. Our binary trust game closely follows their...

Persistent link: https://www.econbiz.de/10011576929

Dopamine and Risk Choices in Different Domains : Findings Among Serious Tournament Bridge Players

Dreber, Anna; Rand, David G.; Wernerfelt, Nils; Garcia, … - 2011

We explore how risk-taking in the card game contract bridge, and in a financial gamble, correlate with variation in the dopamine receptor D4 gene (DRD4) among serious tournament bridge players. In bridge risk-taking, we find significant interactions between genetic predisposition and skill....

Persistent link: https://www.econbiz.de/10014193647

The External Validity of Giving in the Dictator Game : A Field Experiment Using the Misdirected Letter Technique

Franzen, Axel; Pointner, Sonja - 2013

We investigate the external validity of giving in the dictator game by using the misdirected letter technique in a within-subject design. First, subjects participated in standard dictator games (double blind) conducted in labs in two different studies. Second, after four to five weeks (study 1)...

Persistent link: https://www.econbiz.de/10014155682