Showing 1 - 10 of 93
L'objectif principal du projet était d'étendre le cadre Bayésien, modèle standard en économie pour la formalisation de l'incertitude, des croyances, de l'apprentissage, de l'information...; modèle qui conduit à des prédictions fortes et parfois peu réalistes en économie théorique. Or...
Persistent link: https://www.econbiz.de/10009021748
We devise an experiment to explore the effect of different degrees of bargaining power on the design and the selection of contracts in a hidden-information context. In our benchmark case, each principal is matched with one agent of unknown type. In our second treatment, a principal can select...
Persistent link: https://www.econbiz.de/10009220690
The Action Lecture program is an innovative teaching method run in some nursery and primary schools in Paris and designed to improve pupils' literacy. We report the results of an evaluation of this program. We describe the experimental protocol that was built to estimate the program's impact on...
Persistent link: https://www.econbiz.de/10009372737
This paper presents the results of a laboratory experiment in which workers perform a real-effort task and supervisors report the workers' performance to the experimenter. The report is non verifiable and determines the earnings of both the supervisor and the worker. We find that not all the...
Persistent link: https://www.econbiz.de/10009278326
One main topic of the epistemic program of game theory deals with the value of information. To study this question in a broad context, one needs to adapt some of the tools used in multiplayer epistemic logic. A hierarchical belief structure is introduced both in a syntactical and semantical...
Persistent link: https://www.econbiz.de/10010738448
Cet article développe un modèle théorique d'économie urbaine qui étudie les conséquences d'effets de voisinage informationnels sur l'organisation de la ville. Il s'agit, en particulier, d'examiner l'impact de tels effets de voisinage sur le processus de ségrégation urbaine. Pour ce...
Persistent link: https://www.econbiz.de/10010738480
In this chapter, we adopt the decision theoretic approach to the representation and updating of beliefs. We take up this issue and propose a reconsideration of Hammond's argument. After reviewing the argument more formally, we propose a weaker notion of dynamic consistency. We observe that this...
Persistent link: https://www.econbiz.de/10010738578
We report in this paper the result of three experiments on risk, ambiguity and time attitude. The first two differed by the population considered (students vs general population) while the third one used a different protocol and concerned students and portfolio managers. We find quite a lot of...
Persistent link: https://www.econbiz.de/10010738616
This paper presents an axiomatic model of decision making under uncertainty which incorporates objective but imprecise information. Information is assumed to take the form of a probability-possibility set, that is, a set $P$ of probability measures on the state space. The decision maker is told...
Persistent link: https://www.econbiz.de/10010738636
This paper presents an axiomatic model of decision making which incorporates objective but imprecise information. We axiomatize a decision criterion of the multiple priors (or maxmin expected utility) type. The model achieves two primary objectives. First, it explains how subjective belief...
Persistent link: https://www.econbiz.de/10010750369