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We document how housing price cycles relate to broader economic cycles in terms of (i) lead-lag characteristics and (ii) causal linkages between cyclical fluctuations in house prices and cyclical fluctuations in other parts of the economy. Consistent with the findings in the extant literature,...
The standard chicken game is a popular model of certain important real scenarios but does not allow for the escalation behaviour these are typically associated with. This is problematic if the critical, final decisions in these scenarios are sensitive to previous escalation. We introduce and...
In this paper, we build on the emerging literature on group decision-making to study the so-called ‘group shift’ effect, i.e., groups are less risk-averse than individuals. Our study complements past research in two ways. First, we study the group shift effect under two sources of...
This article surveys the experimental economics approach to the study of religion. The field has a place in the context of the scientific study of religion generally and the social psychology of religion in particular, but employs distinct economic methods which promise new and different...
This paper analyzes how the preferred self-conceptions of men in an elite military unit - the British Parachute Regiment - were disciplined by the organizationally-based discursive resources on which they drew. The research contribution this paper makes is twofold. First, we argue that desired...
This paper explores a model of bounded rationality in evolutionary game play in which agent choice is based on a social psychological process of categorization and social inference. The computer simulation of the model demonstrates that agents' increasing ability to categorize opponents in the...
Game harmony describes how harmonious (non-conflictual) or disharmonious (conflictual) the interests of players are in a game, as embodied in the game? raw payoffs. It departs from the traditional game-theoretic approach in that it is a non equilibrium behavioral approach which can be...