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Asian-Pacific ESA Conference, Taipei, 16-18 February, 2017
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The 3rd International Academic Conference on Social Sciences and Management. 24-26 May, 2017. Bangkok
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Steffen Altmann, Armin Falk, Matthias Wibral. Promotions and Incentives: The Case of Multistage Elimination Tournaments

Promotions play an important role for the provision of incentives in firms. We analyze incentives in multistage elimination tournaments with controlled laboratory experiments. In our two main treatments, we compare a two-stage tournament to a one-stage tournament. Subjects in the two-stage treatment provide excess effort in the first stage, both with respect to Nash predictions and compared to the strategically equivalent one-stage tournament. Additional control treatments confirm that excess effort in early stages is a robust finding and suggest that above-equilibrium effort might be driven by li ...

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Cinzia Giorgetta

Full Degree cum laude in Psychology, University of Urbino. PhD in Cognitive Psychology, Psychophysiology and Personality at “La Sapienza” University of Rome, Italy. Specialization in Cognitive-Behavio...

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Manfred Spitzer, Urs Fischbacher, Baerbel Herrnberger, Georg Groen, Ernst Fehr. The Neural Signature of Social Norm Compliance

All known human societies establish social order by punishing violators of social norms. However, little is known about how the brain processes the punishment threat associated with norm violations. W...

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Jess Benhabib. A Note on Regime Switching, Monetary Policy, and Multiple Equilibria

When monetary policy is subject to regime switches conditions for determinacy become more complex. Davig and Leeper (2007) and Farmer, Waggoner and Zha (2009a) have studied such conditons. Using some ...

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Ryan McKay, Charles Efferson, Harvey Whitehouse, Ernst Fehr. Wrath of God: religious primes and punishment

Religion carries formidable epistemic, metabolic and material costs [1–3]. Religious believers must maintain and compartmentalize beliefs that are extravagantly at variance with intuitive conception...

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Olivier Ledoit, Michael Wolf. Optimal Estimation of a Large-Dimensional Covariance Matrix under Stein’s Loss.

This paper revisits the methodology of Stein (1975, 1986) for estimating a covariance matrix in the setting where the number of variables can be of the same magnitude as the sample size. Stein propose...

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Eva Ranehill, Frédéric Schneider, Roberto A. Weber. Growing Groups, Cooperation, and the Rate of Entry

We study the stability of voluntary cooperation in response to varying group growth rates. Using a laboratory public-good game, we construct a situation where increasing group size yields potential ...

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Hazel Henderson. Development Beyond Economism: Local Paths to Sustainable Development.

The effects of the forces of industrialism and economism, foretold so well by E. F. Schumacher, have led to a revolution of unprecedented scope. Technologies and human activities now bring about m...

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