ORCID Profile
0000-0002-9385-7833
Current Organisation
Monash University
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Experimental Economics | Applied Economics | Microeconomic Theory
Expanding Knowledge in Economics | Preference, Behaviour and Welfare |
Publisher: Wiley
Date: 11-01-2011
Publisher: Institute for Operations Research and the Management Sciences (INFORMS)
Date: 03-2018
Abstract: We use a competitive search (price-posting) framework to experimentally examine how buyer information and fairness perceptions affect market behavior. We observe that moving from zero to one uninformed buyers leads to higher prices in both 2 (seller)×2 (buyer) and 2 × 3 markets: the former as predicted under standard preferences, the latter the opposite of the theoretical prediction. Perceptions of fair prices—elicited in the experiment—are a powerful driver of behavior. For buyers, fair prices correlate with price responsiveness, which varies systematically across treatments and impacts sellers’ pricing incentives. For sellers, fair prices correlate with underpricing, which also varies systematically across treatments. Data and the online appendix are available at 0.1287/mnsc.2016.2620 . This paper was accepted by Uri Gneezy, behavioral economics.
Publisher: Elsevier BV
Date: 2004
DOI: 10.2139/SSRN.793605
Publisher: JSTOR
Date: 04-2004
DOI: 10.2307/4135275
Publisher: Elsevier BV
Date: 09-1999
Publisher: Wiley
Date: 08-2014
Publisher: Springer Science and Business Media LLC
Date: 19-09-2006
Publisher: Elsevier BV
Date: 03-2021
Publisher: Elsevier BV
Date: 05-2011
Publisher: Wiley
Date: 2002
DOI: 10.2307/3087478
Publisher: Wiley
Date: 22-07-2011
Publisher: Springer Science and Business Media LLC
Date: 12-2001
DOI: 10.1007/BF02299328
Publisher: Elsevier BV
Date: 11-2019
Publisher: Wiley
Date: 25-04-2011
Publisher: Elsevier BV
Date: 04-2002
Publisher: Now Publishers
Date: 25-03-2020
DOI: 10.1561/105.00000117
Publisher: Elsevier BV
Date: 11-2012
Publisher: IGI Global
Date: 2006
DOI: 10.4018/978-1-59140-649-5.CH007
Abstract: Human-participants experiments using markets with asymmetric information typically exhibit a “winner’s curse,” wherein bidders systematically bid more than their optimal amount. The winner’s curse is very persistent even when participants are able to make decisions repeatedly in the same situation, they repeatedly overbid. Why do people keep making the same mistakes over and over again? In this chapter, we consider a class of one-player decision problems, which generalize Akerlof’s (1970) market-for-lemons model. We show that if decision makers learn via reinforcement, specifically by the reference point model of Erev and Roth (1996), their behavior typically changes very slowly, and persistent mistakes are likely. We also develop testable predictions regarding when in iduals ought to be able to learn more quickly.
Publisher: Elsevier BV
Date: 12-2015
Publisher: Elsevier BV
Date: 09-2018
Publisher: Elsevier BV
Date: 10-2009
Publisher: Informa UK Limited
Date: 07-2005
Publisher: Elsevier BV
Date: 10-2015
Publisher: Springer Science and Business Media LLC
Date: 08-06-2018
Publisher: Elsevier BV
Date: 2008
DOI: 10.2139/SSRN.1158435
Publisher: Wiley
Date: 08-2010
Publisher: Elsevier BV
Date: 08-2015
Publisher: Springer Science and Business Media LLC
Date: 2003
Publisher: Elsevier BV
Date: 06-2017
DOI: 10.1016/J.BRAINRES.2017.03.006
Abstract: Loss aversion, whereby losses weigh more heavily than equal-sized gains, has been demonstrated in many decision-making settings. Previous research has suggested reduced loss aversion in schizophrenia, but with little evidence of a link between loss aversion and schizophrenia illness severity. In this study, 20 in iduals with schizophrenia and 16 control participants, matched by age and sex, played two versions of the Iterated Prisoners' Dilemma, one version with only positive payoffs and another version in which negative payoffs were possible, with the second version being derived from the first by subtracting a constant value from all payoffs. The control group demonstrated significantly lower cooperation rates under negative payoffs, compared with the version with only positive payoffs, indicative of loss aversion. The patient group on average showed no loss aversion response. Moreover, the extent of loss aversion in patients was found to be negatively correlated with schizophrenia illness severity, with less ill patients showing loss aversion more similar to controls. Results were found to be robust to the inclusion of potential confounding factors as covariates within rigorous probit regression analyses. Reduced loss aversion is a feature of schizophrenia and related to illness severity.
Publisher: University of Toronto Press Inc. (UTPress)
Date: 05-2013
DOI: 10.3138/CPP.39.SUPPLEMENT1.S123
Abstract: Le Canada et les États-Unis ont des lois qui visent à réduire les inégalités en matière d’emploi et qui ciblent des groupes donnés de citoyens. Les États-Unis ont une longue tradition d’action positive, qui remonte à un décret promulgué par le président Kennedy en 1961 le Canada, pour sa part, a adopté en 1986 une loi sur l’équité en matière d’emploi. Les mesures d’action positive visant à réduire les inégalités en matière d’emploi ont toujours suscité beaucoup de controverse, et de nombreux cas ont été portés devant les tribunaux, ce qui a conduit des États et des provinces à abroger leurs lois. Coate et Loury (1993) ont analysé de façon théorique l’impact de ces actions positives, mais leurs résultats restent toutefois ambigus. Dans cet article, nous avons recours à une expérience de laboratoire pour éclaircir de façon empirique cette ambiguïté.
Publisher: The Econometric Society
Date: 05-2000
Publisher: Wiley
Date: 04-2011
Publisher: Wiley
Date: 14-03-2018
DOI: 10.1002/SOEJ.12263
Publisher: Springer Science and Business Media LLC
Date: 2003
Publisher: Elsevier BV
Date: 2018
Publisher: American Society of Civil Engineers (ASCE)
Date: 2005
Publisher: University of Toronto Press Inc. (UTPress)
Date: 05-2013
DOI: 10.3138/CPP.39.SUPPLEMENT1.S107
Abstract: Dans cet article, nous montrons que, sur le plan du degré de scolarité, la situation des enfants nés au Canada de parents immigrants n’est que faiblement reliée au degré de scolarité de leurs parents: ce lien intergénérationnel est en effet environ trois fois plus important dans la population en général. Nous montrons également que la transmission intergénérationnelle du degré de scolarité n’a pas changé parmi les cohortes de naissance de la période d’après-guerre, et que l’on est plus susceptible d’observer une mobilité croissante de la fréquentation scolaire chez les Canadiens élevés par des immigrants ayant un faible degré de scolarité que chez les Canadiens élevés par des parents nés au pays. L’aspect positif de cette vision d’ensemble de la mobilité sociale entre les générations chez les immigrants doit toutefois être tempéré par le fait que certains enfants, et en particulier les garçons de certaines communautés, font face à des obstacles importants pour réussir à améliorer leur situation.
Publisher: Elsevier BV
Date: 06-2015
Publisher: Springer Science and Business Media LLC
Date: 28-04-2007
Publisher: Wiley
Date: 17-07-2013
DOI: 10.1111/IERE.12020
Publisher: Public Library of Science (PLoS)
Date: 08-11-2018
Publisher: IGI Global
Date: 2006
DOI: 10.4018/978-1-59140-649-5.CH014
Abstract: This chapter constructs a dynamic model of a multinational enterprise (MNE) to quantify the effects of various capital control policies on a firm’s debt and equity positions, innovations, and outputs at the headquarters and subsidiary. The model is calibrated to the US Foreign Direct Investment (FDI) Benchmark Survey and the IMF’s Exchange Arrangements and Exchange Restrictions so that it reproduces the average US FDI and technology flows to foreign subsidiaries. Both steady-state and transition analyses suggest a significant impact of capital controls on an MNE’s operations. Lifting capital restrictions produces an inflow of capital and technology into the less developed countries, leading to an increase in the steady-state FDI position and production. Simulation experiments reveal that even short-term capital controls have long-lasting negative effects.
Publisher: Springer Science and Business Media LLC
Date: 02-2013
Publisher: Springer Science and Business Media LLC
Date: 16-02-1999
Publisher: Oxford University Press (OUP)
Date: 07-2006
Publisher: Elsevier BV
Date: 11-2014
Location: United Kingdom of Great Britain and Northern Ireland
Location: United States of America
Start Date: 2013
End Date: 12-2018
Amount: $205,631.00
Funder: Australian Research Council
View Funded ActivityStart Date: 2014
End Date: 12-2019
Amount: $230,000.00
Funder: Australian Research Council
View Funded Activity