Similar Search Results

Joint Inference and Counterfactual Experimentation for Impulse Response Functions By Local Projections

Jorda, Oscar - 2007

This paper provides three measures of the uncertainty associated to an impulse response path: (1) conditional confidence bands which isolate the uncertainty of individual response coefficients given the temporal path experienced up to that point; (2) response percentile bounds which provide...

Persistent link: https://www.econbiz.de/10014055827

When Vicious Circles May Turn Virtuous : An Experiment on a Circular Cobweb Economy

Sutan, Angela; Willinger, Marc - 2006

experiment; iii) the subjects' forecasts come very close to the equilibrium; iv) price series on various markets are correlated …

Persistent link: https://www.econbiz.de/10014055842

Lay Rationalism and Inconsistency between Predicted Experience and Decision

Hsee, Christopher K.; Yu, Frank; Zhang, Jiao; Xi, Yiheng - 2006

Decision-makers are sometimes depicted as impulsive and overly influenced by hot,affective factors. The present research suggests that decision-makers may be too cold and overly focus on rationalistic attributes, such as economic values, quantitative specifications,and functions. In support of...

Persistent link: https://www.econbiz.de/10014055879

Within and between Group Variation of Individual Strategies in Common Pool Resources : Evidence from Field Experiments

Velez, Maria; Murphy, James J.; Stranlund, John - 2006

With data from framed common pool resource experiments conducted with artisanal fishing communities in Colombia, we estimate a hierarchical linear model to investigate within-group and between-group variation in individual harvest strategies across several institutions. Our results suggest that...

Persistent link: https://www.econbiz.de/10014055978

Affect-Based Evaluation and Regulation as Mediators of Behavior : The Role of Affect in Risk Taking, Helping and Eating Patterns

Andrade, Eduardo B.; Cohen, Joel - 2008

In this chapter we apply a unified theoretical conceptualization (see also Andrade, 2005) that includes both informational and goal-directed properties of affect to three important substantive research streams (risk taking, helping, eating patterns). These behaviors have not previously been...

Persistent link: https://www.econbiz.de/10014055985

Patently Non-Obvious II : Experimental Study on the Hindsight Issue Before the Supreme Court in KSR v. Teleflex

Mandel, Gregory N. - 2016

For the first time in thirty years, the Supreme Court will consider the core patent requirement that an invention be non-obvious. At the heart of the case lies the challenge of how to insulate non-obvious decisions from the distortion of the hindsight bias. This Article reports the latest...

Persistent link: https://www.econbiz.de/10014056007

Is Honesty the Best Policy? An Experimental Study on the Honesty of Feedback in Employer-Employee Relationships

Mohnen, Alwine; Manthei, Kathrin - 2006

results in a lab experiment. On one hand, the data provide evidence indicating that subjects indeed suffer from costs of lying …

Persistent link: https://www.econbiz.de/10014056042

Running Classroom Experiments in a Large Enrollment Economics Course

Vazquez-Cognet, Jose J. - 2015

administering one popular experiment, the double-auction, in a large enrollment class at the University of Illinois at Urbana …-Champaign (UIUC). Since it is designed to be used in a large class where all students participate, this version of the experiment … adjustments to this popular experiment it is possible to create an activity that can be applied to any class size. Furthermore, by …

Persistent link: https://www.econbiz.de/10014056179

Reciprocity, Repeated Play, and Budget-Based Contracts

Fisher, Joseph G.; Peffer, Sean A.; Sprinkle, Geoffrey B.; … - 2014

We use a laboratory experiment to investigate how the level of a budget assigned to an employee by a firm owner affects …

Persistent link: https://www.econbiz.de/10014056495

Trust and Recidivism; the Partial Success of Corporate Leniency Program in the Laboratory

Hinloopen, Jeroen; Soetevent, Adriaan R. - 2006

An experiment is conducted were subjects interact repeatedly to examine the effect of a particular leniency program on …

Persistent link: https://www.econbiz.de/10014056665