Public good provision and public bad prevention: the effect of framing
Article Abstract:
The framing of a public good dilemma, either as a public good or a public bad game, has a significant influence on decisions. Greater cooperation among subjects, more frequent provision of the public good and more income are observed when the subjects are still deciding on whether to give assistance to the public good or not. Behavioral differences, which resulted from the varied framing of the problem, are leaning towards a similar direction for both the subjects in the individualistic and cooperative value conditions.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1998
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Strategies of search
Article Abstract:
Two experiments are developed to analyze the approaches employed in search behavior. The first experiment involves the use of an electronic information board to record factors that force subjects to concentrate. The experiment reveals that majority of subjects concentrate on total earnings and do not utilize the theoretical optimal strategy. Meanwhile, the second experiment reveals that the learning process greatly contributes to the occurrence of slow searching.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1998
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The instability of a heterogeneous cobweb economy: a strategy experiment on expectation formation
Article Abstract:
The role of expectations and learning in determining asset prices significantly in speculative markets is discussed. The simplest model of dynamic expectations feedback system is discussed.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2004
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