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Chapter IWe use a large-scale internet experiment to explore how subjects learn to play against computers that are …' performances depend on their opponents' learning algorithm. Furthermore, we test whether subjects try to influence those algorithms … experiment, we separate the demand for punishment in general from a possible demand to conduct punishment personally. Subjects …
Persistent link: https://www.econbiz.de/10009476200
system in the bean crop. The theory of the financial investment analysis is taken as reference, by considering both …
Persistent link: https://www.econbiz.de/10009442768
firms considering investing in trade related activities, the risks associated with those investments increase and investment … is inhibited. If there is less investment in trade related activities, trade flows will be reduced. Poor transparency …
Persistent link: https://www.econbiz.de/10009443272
elaborated the cash flows andcalculated some financial indicators (under deterministic and risk conditions), as the netpresent … of risk. …
Persistent link: https://www.econbiz.de/10009446328
Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and...
Persistent link: https://www.econbiz.de/10009432547
-order risk preferences. In order to assess whether risk preferences differ for decisions over gains and losses the experiment was …This thesis contributes to the development of theoretical and experimental approaches that extend the analysis of risk … are concerned with extensions and applications of the most promising descriptive theories of behavior under risk. In these …
Persistent link: https://www.econbiz.de/10009482308
Brisbane, Australia. The central hypothesis of the thesis is that the equity risk premium, combined with the public nature of … toll roads, makes private financing of this kind of public infrastructure undesirable. It attempts to test this hypothesis … to different assumptions regarding traffic flows, inflation, asset risk, and errors in operating-cost forecasts. The …
Persistent link: https://www.econbiz.de/10009448729
Es wurde ein Wertpapiermarktmodell entwickelt, in dem Preise explizit in Abhängigkeit der Konsumentenspezifikationen determiniert sind. Die Struktur der überlappenden Generationen diente der Erzeugung von Handel zwischen jungen und alten Konsumenten. Dabei spielte es keine Rolle, ob die...
Persistent link: https://www.econbiz.de/10009452611
hold different portfolios. Our model is able to generate a time-varying risk premium of about 5.5% while maintaining a low … risk free rate, thus suggesting a plausible explanation for the equity premium puzzle reported by Mehra and Prescott (1985). …
Persistent link: https://www.econbiz.de/10009430235
-transactions. These premia are credit spreads on top of the risk free interest rate and compensate investors for the expected annualized … default loss and for the risk of default losses. Focusing on the second component, the pure risk aversion premium, the paper … estimates the relative risk aversion (RRA) implied by the credit spreads and the loss distributions of 215 differently rated …
Persistent link: https://www.econbiz.de/10009471846