We analyze the effects of asymmetric information concerning thesize of a pie on proposer behavior in three different bargaining situations:the ultimatum game, the Yes-No-game and the dictator game.Our data show that (a) irrespective of the information condition, proposergenerosity increases with...

This paper explores the statistical properties of household consumption-expenditurebudget share distributions —defined as the share of household total expenditure spentfor purchasing a specific category of commodities— for a large sample of Italianhouseholds in the period 1989-2004. We find...

This paper is a written account of the pitching research experience two UQ Research Scholars' (Matthew & Marisol) underwent, as part of the UQ Summer Research Program. It elaborates the use of Faff's (2015) pitching research framework by the duo to develop a full 'fantasy pitch' in studying how...

The underrepresentation of women in male-dominated labor markets is often linked to biased perceptions of their capabilities. In recent decades, Spain has advanced significantly in including women in political and economic roles. This study examines how these shifts impact perceptions of women's...

We conducted a lab experiment to examine (1) whether luck-based income influences honesty in a subsequent, unrelated decision, (2) whether the perceived agency over an uncertain event affects the interplay between luck and honesty, and (3) whether accumulated previous luck-based incomes...

We study the impact of social reference points (SRPs) on decisions under uncertainty. Participants in an online experiment observed the earnings of a matched peer, which was either a high or low amount of money (SRP condition). Subsequently, they made decisions under different degrees of...

Standard random utility models can account for stochastic choice. However, a common implication is that the realized utilities are equal with probability zero. This knife-edge aspect implies that indifference is thin because arbitrarily small changes in utility will break indifference....

None of the known macroeconomic theories are adequate to understand what to do in a global crisis like the 2020 Global Pandemic. Rational Expectations and monetarism cannot even ex-plain how is that a global crisis like this happens. The IS-LM model was designed to manage business cycles, but...

The paper presents an alternative interpretation of the experimental data published by Kahneman and Tversky in their 1992 study "Advances in Prospect Theory”, which describes the Cumulative version of their Prospect Theory from 1979. It was assumed that, apart from the operations made during...

This paper discusses solutions derived from lottery experiments using two alternative assumptions: that people perceive wealth changes as absolute amounts of money; and that people consider wealth changes as a proportion of some reference value dependant on the context of the problem under...