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the truth, regardless of economic incentives. We document results from an experiment where subjects routinely misreported …
Persistent link: https://www.econbiz.de/10014532468
the truth, regardless of economic incentives. We document results from an experiment where subjects routinely misreported …
Persistent link: https://www.econbiz.de/10014531272
We consider a market economy where two rational agents are able to learn the distribution of future events. In this context, we study whether moving away from the standard Bayesian belief updating, in the sense of under-reaction to some degree to new information, may be strategically convenient...
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the main mechanism behind proof-of-work mining of cryptocurrencies such as Bitcoin. The application of the model is …
Persistent link: https://www.econbiz.de/10012838734
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equilibrium in the current Bitcoin mining environment, instead, they should not process any transaction. Finally, we show that the …
Persistent link: https://www.econbiz.de/10013057270