infonet-economy

Most models of ambiguity aversion satisfy Anscombe-Aumann’s Monotonicity axiom. Monotonicity imposes separability of preferences across events that occur with unknown probability. We construct a test of Monotonicity by modifying the Allais paradox to a setting with both subjective and objective uncertainty. Two experimental studies are conducted: while study 1 uses U.S. online...

First generation endogenous growth models had the counterfactual implication that the long-term growth of per-capita GDP increased with the population size. Two influential growth paradigms, the semi-endogenous and the second generation fully endogenous, eliminated this strong scale effect. Both solutions have useful aspects and insights, but very different policy implications. This...

Im Kern von Industrie 4.0 steht eine Vielzahl an Technologien, welche die digitale Vernetzung von Objekten ermöglichen. Der Beitrag analysiert die derzeitige und künftige Verwendung von Industrie 4.0-Technologien und -Lösungen bei Schweizer Unternehmen auf Grundlage der Logistikmarktstudie Schweiz, Band 2017.

Forward regression is a statistical model selection and estimation procedure which inductively selects covariates that add predictive power into a working statistical regression model. Once a model is selected, unknown regression parameters are estimated by least squares. This paper analyzes forward regression in high-dimensional sparse linear models. Probabilistic bounds for...

This paper documents significant differences in the financing structure of small firms with managers of diverse cultural backgrounds. To separate the effect of culture from other factors that affect the financing structure of firms, we exploit cultural heterogeneity within a geographical area with shared regulations, institutions, and macroeconomic cycles. Our findings suggest that...

Assuming the classic contingent claim setting, a number of financial asset demand tests of Expected Utility have been developed and implemented in experimental settings. However the domain of preferences of these asset demand tests differ from the mixture space of distributions assumed in the traditional binary lottery laboratory tests of von Neumann-Morgenstern Expected Utility...

Männer in der Kita stellen noch immer eine Minderheit dar und werden
daher unweigerlich als «anders» wahrgenommen. Kita-Leitungen sind in
diesem Zusammenhang mit verschiedenen Fragen und Herausforderungen
konfrontiert: Was kann ich tun, um mehr Bewerbungen von Männern zu
erhalten? Wie kann ich dazu beitragen, dass Männer und Frauen sich im
Team...

We present the results of an empirical study, in which we analyze the ability of the Ordered Weighted Average (OWA) operator to model actual preferences in a multi-attribute ranking task. We compare the OWA to a competing model (Simple Additive Weighting SAW), and we also study whether its characteristic feature, the ability to represent different attitudes toward compensation among...

Institutions are an important means for fostering prosocial behaviors, but in many contexts their scope is limited and they govern only a subset of all socially desirable acts. We study experimentally how the presence and nature of an institution that enforces prosocial behavior in one domain affects behavior in a similar but unregulated domain. Groups play two identical public good...