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Bottom-Up Simulation of a Stock MarketUsing a Thousand Fuzzy Agents

Nissen, Volker; Saft, Danilo - Institut für Wirtschaftsinformatik <Ilmenau> - 2009

In this research the focus is on emergent behaviour in large groups of stockmarket participants. In contrast to established views of the capital market, we do notassume that market participants make rational investment decisions based on fullinformation about important macroeconomic figures such...

Persistent link: https://www.econbiz.de/10008660301

Punishing Free-Riders : How Group Size Affects Mutual Monitoring and the Provision of Public Goods

Carpenter, Jeffrey P. - 2004

strategies seen in the lab and use the simulation to develop hypotheses about why group size should matter when punishment is …

Persistent link: https://www.econbiz.de/10010262078

The Use of a Simple Decision Rule in Repeated Oligopoly Games

Edman, Jan - Society for Computational Economics - SCE - 2004

The Use of a Simple Decision Rule in Repeated Oligopoly Games Much interest has been directed towards decision rules and conditions when firms make decisions converging to a non-cooperative Nash equilibrium in repeated oligopoly games. We explore the use of a simple decision rule where firms...

Persistent link: https://www.econbiz.de/10005537611

Punishing Free-Riders: How Group Size Affects Mutual Monitoring and the Provision of Public Goods

Carpenter, Jeffrey P. - Institute for the Study of Labor (IZA) - 2004

strategies seen in the lab and use the simulation to develop hypotheses about why group size should matter when punishment is …

Persistent link: https://www.econbiz.de/10005703051

Numbers Tell, Words Sell

Thaler, Michael; Toma, Mattie; Wang, Victor Yaneng - 2024

When communicating numeric estimates with policymakers, journalists, or the general public, experts must choose between using numbers or natural language. We run two experiments to study whether experts strategically use language to communicate numeric estimates in order to persuade receivers....

Persistent link: https://www.econbiz.de/10015211273

Measuring "group cohesion" to reveal the power of social relationships in team production

Gächter, Simon; Starmer, Chris; Tufano, Fabio - 2022

We introduce "group cohesion" to study the economic relevance of social relationships in team production. We operationalize measurement of group cohesion, adapting the "oneness scale" from psychology. A series of experiments, including a pre-registered replication, reveals strong positive...

Persistent link: https://www.econbiz.de/10014480559

A Tool for Electronic Instructions in Laboratory Experiments

Schmelz, Katrin - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2011

E-nstructions facilitates the use of electronic instructions in computerized laboratory ex-periments in social sciences. In this article I provide a set of guidelines for the installationand the use of E-nstructions.

Persistent link: https://www.econbiz.de/10009248895

A Dynamic Ellsberg Urn Experiment

Dominiak, Adam; Dürsch, Peter; Lefort, Jean-Philippe - Alfred-Weber-Institut für Sozial- und … - 2009

experiment and nd that subjectsact more often in line with consequentialism than with dynamic consistency.[...] …

Persistent link: https://www.econbiz.de/10009249016

Reciprocity and emotions when reciprocators know each other

Reuben, Ernesto; van Winden, Frans - 2006

This is an experimental study of a three-player power-to-take game where a take authority is matched with two responders. The game consists of two stages. In the first stage, the take authority decides how much of the endowment of each responder that is left after the second stage will be...

Persistent link: https://www.econbiz.de/10010261421

An Experimental Study of the POUM Hypothesis

Checchi, Daniele; Filippin, Antonio - 2003

period and individuals are not too risk averse. This paper tests the POUM hypothesis by means of a within subjects experiment … inequality aversion are (partially) controlled for via either the experiment design or the information collected during the … experiment. We find that the POUM hypothesis holds under alternative specifications, even when we control for individual fixed …

Persistent link: https://www.econbiz.de/10010261622