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3A168396733X.jsonld
['gnd:4068097-6', 'gnd:4033447-8', 'gnd:4123065-6', 'gnd:4045791-6', 'gnd:4126976-7']
['Künstliche Intelligenz', 'Philosophie', 'Zukunft', 'Digitalisierung', 'Technikphilosophie']
['tec']
[['(classificationName=rvk)MS 1170', 'Zukunft', '(classificationName=ddc-dbn)004', '(classificationName=bk, id=106419358)50.02 - Technikphilosophie', '(classificationName=ddc-dbn)600', '(classificationName=rvk)CC 8700', '(classificationName=ddc-dbn)100', 'Philosophie', '(classificationName=linseach:mapping)tec', 'Künstliche Intelligenz', 'Digitalisierung']]
['Wider die Utopie einer umfassenden Kontrolle : kritische Überlegungen zum Transhumanismus']
['Kritik des transhumanistischen Denkens -- Kontrolle des Menschen -- Übersimplifizierung -- Kontrolle des Transhumanen - Passivierung -- Kontrolle des Posthumanen - Kategorienfehler']
['gnd:1045257915', 'gnd:4033447-8', 'gnd:4045791-6', 'gnd:4068097-6', 'gnd:4123065-6', 'gnd:4126976-7', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A168396733X']
['Loh, Janina', 'Künstliche Intelligenz', 'Philosophie', 'Zukunft', 'Digitalisierung', 'Technikphilosophie']
27
0
3A1700066242.jsonld
['gnd:4014736-8', 'gnd:4068598-6']
['Energieversorgung', 'Erneuerbare Energien']
['mas']
[['(classificationName=ddc-dbn)620', '(classificationName=linseach:mapping)mas', '(classificationName=ddc-dbn)333.7', '(classificationName=bk, id=106419986)52.56 - Regenerative Energieformen, alternative Energieformen', '(classificationName=ddc-dbn)621.3', '(classificationName=ddc)621.042']]
['Energie- und Lademanagement für eine CO2-neutralen Beladung von batterieelektrisch betriebenen Service-Fahrzeugen auf dem Flughafenvorfeld']
['Im Projekt: ALEC (Alternation * Light * Electric * Constructions) ist eine der Zielstellungen die Realisierung einer CO2-neutralen elektrischen Nachladung von batterieelektrisch betriebenen Service-Fahrzeugen auf dem Flughafenvorfeld zu ermöglichen. Für die Umsetzung der obenstehenden Zielsetzung stellen die Autoren ihr Konzept und den Umsetzungstand zum Zusammenspiel zwischen lokalem Lademanagementsystem (LMS) und überlagertem Energiemanagementsystem (üEMS) vor. Das LMS übernimmt hierbei die Funktion der Datenaufbereitung und -aggregation verschiedener Informationen der einzelnen Elektrofahrzeuge. Unter Verwendung der aggregierten Informationen aus den LMS und der erwarteten Energiebereitstellung aus lokalen, erneuerbaren Quellen ermittelt das üEMS die optimale, CO2-minimale elektrische Nachladung der Elektrofahrzeugflotte auf dem Flughafenvorfeld. Der auf diesem Weg generierte Flottenladefahrplan wird abschließend im LMS disaggregiert und fahrzeugspezifische Ladefahrpläne generiert.']
['gnd:1028974965', 'gnd:4014736-8', 'gnd:4068598-6', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1700066242']
['Bretschneider, Peter', 'Energieversorgung', 'Erneuerbare Energien']
15
1
3A1785279394.jsonld
['gnd:4042840-0', 'gnd:4011455-7', 'gnd:4136811-3', 'gnd:4004770-2', 'gnd:4027151-1', 'gnd:4071095-6', 'gnd:4004927-9', 'gnd:4049600-4']
['Bauernhof', 'Bauschaden', 'Denkmalpflege', 'Instandsetzung', 'Nutzungsänderung', 'Restaurierung', 'Fachwerkbau', 'Kulturzentrum']
['bau']
[['(classificationName=bk, id=106415735)21.75 - Denkmalpflege, Stadtbildpflege', '(classificationName=linseach:mapping)arc', '(classificationName=bk, id=106421107)56.47 - Gebäudeunterhaltung, Gebäudesanierung, Bauschäden', '(classificationName=ddc-dbn)690', '(classificationName=linseach:mapping)bau', '(classificationName=ssg)KUNST']]
['Der Löhrerhof in Hürth : Denkmalgerechte Planung und Sanierung']
['"Der Löhrerhof ist eine bäuerliche Hofanlage aus dem 19. Jh. im Stadtteil Alt-Hürth, die zuletzt hauptsächlich als Kunst- und Kulturzentrum genutzt wurde."']
['gnd:1193592402', 'gnd:4004770-2', 'gnd:4004927-9', 'gnd:4011455-7', 'gnd:4026083-5', 'gnd:4027151-1', 'gnd:4042840-0', 'gnd:4049600-4', 'gnd:4071095-6', 'gnd:4136811-3', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1785279394']
['Jepsen, Eric P.', 'Bauernhof', 'Bauschaden', 'Denkmalpflege', 'Hürth', 'Instandsetzung', 'Nutzungsänderung', 'Restaurierung', 'Fachwerkbau', 'Kulturzentrum']
1
4
3A1499846525.jsonld
['gnd:4076600-7', 'gnd:4033596-3', 'gnd:4001480-0', 'gnd:4027089-0', 'gnd:4066559-8', 'gnd:4165992-2']
['Altertum', 'Innovation', 'Kulturwandel', 'Wissen', 'Regionale Mobilität', 'Kulturvermittlung']
['sow']
[['(classificationName=linseach:mapping)geo', 'Migration', '(classificationName=rvk)RC 25595', 'HISTORY / Ancient / General', '(classificationName=ddc)304.8093', 'Diffusion of innovations', '(classificationName=rvk)NK 9400', 'Civilization, Ancient', '(classificationName=linseach:mapping)his', '(classificationName=rvk)MS 1560', 'Spatial Mobility', 'Human beings', '(classificationName=linseach:mapping)sow', 'Geschichte', '(classificationName=rvk)NG 1700', 'Technology transfer', '(classificationName=loc)GN370', '(classificationName=rvk)NB 3500', 'Innovation', 'Knowledge', 'Culture Transfer']]
['Technologie und Kommunikation : Innovationsschübe vor dem Hintergrund der Außenbeziehungen Altägyptens']
['What effect do spatial mobility and migrations have on the diffusion of knowledge? In this volume, papers dealing with the topic have been collected from various culture-historical and theoretical disciplines. Chronologically they range from non-literate cultures to an insight into contemporary research on economic innovation. The interdisciplinary contributions reveal in different ways the relationships between spatial mobility and the transfer of knowledge, thus allowing the phenomenon to be structured in both historical and non-literate ages.']
['gnd:1018724389', 'gnd:4001480-0', 'gnd:4027089-0', 'gnd:4033596-3', 'gnd:4066559-8', 'gnd:4076600-7', 'gnd:4165992-2', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1499846525']
['Wilde, Heike', 'Altertum', 'Innovation', 'Kulturwandel', 'Wissen', 'Regionale Mobilität', 'Kulturvermittlung']
25
5
3A1759391212.jsonld
['gnd:4040802-4', 'gnd:4135339-0', 'gnd:4031630-0']
['Kognition', 'Musik', 'Notenschrift']
['inf']
[['(classificationName=bk, id=106417967)54.80 - Angewandte Informatik', '(classificationName=rvk)SS 4800', '(classificationName=linseach:mapping)inf']]
['Ensemble size classification in Colombian Andean string music recordings']
['Reliable methods for automatic retrieval of semantic information from large digital music archives can play a critical role in musicological research and musical heritage preservation. With the advancement of machine learning techniques, new possibilities for information retrieval in scenarios where ground-truth data is scarce are now available. This work investigates the problem of ensemble size classification in music recordings. For this purpose, a new dataset of Colombian Andean string music was compiled and annotated by musicological experts. Different neural network architectures, as well as pre-processing steps and data augmentation techniques were systematically evaluated and optimized. The best deep neural network architecture achieved 81.5% file-wise mean class accuracy using only feed forward layers with linear magnitude spectrograms as input representation. This model will serve as a baseline for future research on ensemble size classification.']
['gnd:1062730054', 'gnd:1067162437', 'gnd:4031630-0', 'gnd:4040802-4', 'gnd:4135339-0', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1759391212']
['Cano, Estefanía', 'Grollmisch, Sascha', 'Kognition', 'Musik', 'Notenschrift']
11
11
3A1759792217.jsonld
['gnd:4054947-1', 'gnd:4067488-5', 'gnd:4511937-5', 'gnd:4038168-7', 'gnd:4032317-1', 'gnd:4132811-5', 'gnd:4058812-9']
['Kontrolltheorie', 'Mechanik', 'Signalverarbeitung', 'Systemtheorie', 'Zeitschrift', 'Mechanisches System', 'Online-Ressource']
['tec']
[['(classificationName=bk, id=181571161)50.32 - Dynamik, Schwingungslehre', '(classificationName=linseach:mapping)phy', '(classificationName=linseach:mapping)tec', '(classificationName=ddc-dbn)004', '(classificationName=bk, id=106419404)50.16 - Technische Zuverlässigkeit, Instandhaltung']]
['Performance of similitude methods for structural vibration analyses of rectangular plates']
['Engineers often use similitude analyses to design small scale models for experimental tests or to design size ranges of mechanical structures such as drive technology systems. This paper is concerned with similitude analysis methods for vibration analyses of rectangular plates. If their geometry is scaled by different factors (distorted similitude), the scaling laws approximate the actual vibration responses with a certain accuracy only. This paper introduces a performance measure that reliably assesses how well the scaling laws approximate the actual vibration responses of rectangular plates. This measure, the so-called Mahalanobis distance, applies in a-posteriori analyses, where the vibration responses obtained from the scaling laws are compared to the actual ones. Numerical and experimental investigations on vibrating rectangular plates validate that the Mahalanobis distance is suitable to assess the performance of similitude analyses. The Mahalanobis distance can be linked to the geometrical properties of the rectangular plates in order to define a maximum permissible distortion of the geometry. Scaling laws approximate the vibration responses of the rectangular plates sufficiently well up to this maximum permissible distortion. Furthermore, the performance of two different state-of-the-art similitude analysis methods is compared. Both similitude analysis methods are found to perform well up to the maximum permissible amount of geometrical distortion.']
['gnd:1188073729', 'gnd:123753635', 'gnd:129244279', 'gnd:4032317-1', 'gnd:4038168-7', 'gnd:4054947-1', 'gnd:4058812-9', 'gnd:4067488-5', 'gnd:4132811-5', 'gnd:4511937-5', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1759792217']
['Adams, Christian', 'Melz, Tobias', 'Bös, Joachim', 'Kontrolltheorie', 'Mechanik', 'Signalverarbeitung', 'Systemtheorie', 'Zeitschrift', 'Mechanisches System', 'Online-Ressource']
27
12
3A1769453547.jsonld
['gnd:4347749-5', 'gnd:1135808198', 'gnd:4075860-6', 'gnd:4238872-7', 'gnd:4396978-1']
['Reconfigurable Computing', 'Parallelverarbeitung', 'Verteiltes System', 'Field programmable gate array', 'Eingebettetes System']
['inf']
[['(classificationName=linseach:mapping)inf', '(classificationName=bk, id=106410903)54.31 - Rechnerarchitektur', '(classificationName=rvk)ST 150', '(classificationName=bk, id=10640623X)54.32 - Rechnerkommunikation']]
['Increasing side-channel resistance by netlist randomization and FPGA-based reconfiguration']
['Modern FPGAs are equipped with the possibility of Partial Reconfiguration (PR) which along with other benefits can be used to enhance the security of cryptographic implementations. This feature requires development of alternative designs to be exchanged during run-time. In this work, we propose dynamically alterable circuits by exploring netlist randomization which can be utilized with PR as a countermeasure against physical attacks, in particular side-channel attacks. The proposed approach involves modification of an AES implementation at the netlist level in order to create circuit variants which are functionally identical but structurally different. In preliminary experiments, power traces of these variants have been shuffled to replicate the effect of partial reconfiguration. With these dynamic circuits, our experimental results show an increase in the resistance against power side-channel attacks by a factor of [Tilde] 12.6 on a Xilinx ZYNQ UltraScale+ device.']
['gnd:1135808198', 'gnd:123615732X', 'gnd:142977179', 'gnd:4075860-6', 'gnd:4238872-7', 'gnd:4347749-5', 'gnd:4396978-1', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1769453547']
['Reconfigurable Computing', 'Hettwer, Benjamin', 'Ziener, Daniel', 'Parallelverarbeitung', 'Verteiltes System', 'Field programmable gate array', 'Eingebettetes System']
11
13
3A1770703179.jsonld
['gnd:4005541-3', 'gnd:4125909-9']
['Benutzerfreundlichkeit', 'Mensch-Maschine-Kommunikation']
['inf']
[['(classificationName=bk, id=106417967)54.80 - Angewandte Informatik', '(classificationName=linseach:mapping)inf']]
['Methods of usability testing for users with cognitive impairments']
['One challenge of the user-centered development of accessible information systems is the conduction of cognitively impaired persons in usability tests. The paper gathers existing guidelines for the application of usability testing with cognitively impaired people and shows empirical values for modified usability tests based on a case study. In addition, the advantages and disadvantages of on site and remote usability testing are presented in a comparative study. Especially in the context of COVID-19, remote testing has gained in relevance in the present time.']
['gnd:133013545', 'gnd:4005541-3', 'gnd:4125909-9', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1770703179']
['Krömker, Heidi', 'Benutzerfreundlichkeit', 'Mensch-Maschine-Kommunikation']
11
14
3A1771591188.jsonld
['gnd:4205811-9', 'gnd:4017233-8', 'gnd:4774350-5', 'gnd:4198914-4']
['Finite-Elemente-Methode', 'Aktor', 'Mikromechanik', 'Mikrometerbereich']
['tec']
[['(classificationName=loc)TJ223.A25', 'Conference papers and proceedings', 'Microelectromechanical systems', '(classificationName=bk, id=181570645)50.94 - Mikrosystemtechnik, Nanotechnologie', 'Microactuators', '(classificationName=linseach:mapping)tec', '(classificationName=ddc)621.381']]
['Conceptual design of a microscale balance based on force compensation']
['Macroscopic electromagnetic force compensation (EMFC) balances are well established but were not yet demonstrated within microsystems. Hence, in this paper, the concept and the design of a micro fabricated force compensation balance is presented. The implemented concentrated compliance mechanism in form of flexure hinges enables motion with high precision, which is combined with a force compensation mechanism. The concept of force compensation promises a high measurement range, which is expected to be up to 0.5 mN, while still enabling a high resolution of less than 8 nN. The developed dynamic model of the miniaturized balance is used for the design of a PID-controller strategy. Here, continuous and time-discrete controller approaches are compared. The time-discrete controller with realistic delay times, leads to an accuracy of the controller, which is better than the expected accuracy of the integrated capacitive position sensor.']
['gnd:1191790126', 'gnd:130244899', 'gnd:132881322', 'gnd:4017233-8', 'gnd:4198914-4', 'gnd:4205811-9', 'gnd:4774350-5', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1771591188']
['Darnieder, Maximilian', 'Theska, René', 'Strehle, Steffen', 'Finite-Elemente-Methode', 'Aktor', 'Mikromechanik', 'Mikrometerbereich']
27
15
3A1771591218.jsonld
['gnd:4774350-5', 'gnd:4198914-4', 'gnd:4205811-9', 'gnd:4017233-8']
['Finite-Elemente-Methode', 'Aktor', 'Mikromechanik', 'Mikrometerbereich']
['tec']
[['Microelectromechanical systems', '(classificationName=loc)TJ223.A25', 'Conference papers and proceedings', 'Microactuators', '(classificationName=linseach:mapping)tec', '(classificationName=bk, id=181570645)50.94 - Mikrosystemtechnik, Nanotechnologie', '(classificationName=ddc)621.381']]
['Modeling, design and prototyping of a pantograph-based compliant mechanism']
['The main task of the compliant mechanism synthesis is to generate a pre-defined motion path as accurately as possible. A general approach to the compliant mechanism synthesis is to develop a compliant mechanism based on the rigid-body model by replacing conventional joints with compliant joints, i.e. flexure hinges. Using the example of a mechanism producing a scissors-like motion, in this paper a more specific and iterative synthesis process is implemented for the design of a compliant path-generating mechanism. Based on two symmetric pantograph mechanisms, a kinematic analysis of the multi-link rigid-body model is performed. The final dimensions and link lengths of the rigid-body model are used to implement a compliant mechanism with different flexure hinges. Therefore, several designs are iteratively investigated by means of FEM simulations in order to improve the path accuracy and the opening angle of the scissors-like motion.']
['gnd:1076379370', 'gnd:1164446878', 'gnd:12463334X', 'gnd:4017233-8', 'gnd:4198914-4', 'gnd:4205811-9', 'gnd:4774350-5', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1771591218']
['Linß, Sebastian', 'Uhlig, René', 'Zentner, Lena', 'Finite-Elemente-Methode', 'Aktor', 'Mikromechanik', 'Mikrometerbereich']
27
16
3A1771591366.jsonld
['gnd:4198914-4', 'gnd:4774350-5', 'gnd:4205811-9', 'gnd:4017233-8']
['Finite-Elemente-Methode', 'Aktor', 'Mikromechanik', 'Mikrometerbereich']
['tec']
[['(classificationName=linseach:mapping)tec', 'Microelectromechanical systems', 'Conference papers and proceedings', '(classificationName=ddc)621.381', '(classificationName=bk, id=181570645)50.94 - Mikrosystemtechnik, Nanotechnologie', '(classificationName=loc)TJ223.A25', 'Microactuators']]
['A novel planar two-axis leaf-type notch flexure hinge with coincident rotation axes and its application to micropositioning stages']
['Compliant mechanisms with flexure hinges are well-suited for high-precision applications due to their smooth and repeatable motion. However, the synthesis of planar compliant mechanisms based on notch flexure hinges is mostly limited to the use of single-axis hinges due to the lack of certain multiple-axis flexure hinges. This contribution introduces a novel planar leaf-type notch flexure hinge with two coincident rotation axes based on circular pre-curved leaf springs. A generally suitable hinge geometry is determined through a parametric study using the finite element method (FEM). Finally, the two-axis flexure hinge is applied and investigated for the use in two planar micropositioning stages for the rectilinear guidance of an output link with a large centimeter stroke. The presented two-axis flexure hinge turns out to be a suitable approach to monolithically connect three links of a compliant mechanism in a planar and precise way.']
['gnd:1076379370', 'gnd:1210877953', 'gnd:12463334X', 'gnd:130244899', 'gnd:4017233-8', 'gnd:4198914-4', 'gnd:4205811-9', 'gnd:4774350-5', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1771591366']
['Linß, Sebastian', 'Gräser, Philipp', 'Zentner, Lena', 'Theska, René', 'Finite-Elemente-Methode', 'Aktor', 'Mikromechanik', 'Mikrometerbereich']
27
17
3A1819426475.jsonld
['gnd:4049420-2', 'gnd:4067488-5']
['Religionssoziologie', 'Zeitschrift']
['rel']
[['(classificationName=linseach:mapping)rel', '(classificationName=bk, id=106404202)11.05 - Religionssoziologie', '(classificationName=ssg)0', '(classificationName=ddc-dbn)230', '(classificationName=bk, id=106415271)11.00 - Theologie, Religionswissenschaft: Allgemeines', '(classificationName=ddc-dbn)300']]
['Bourdieu on Religion: Imposing Faith and Legitimacy']
["Until recently Pierre Bourdieu has been known in the United States as a sociologist of culture, education, stratification, and social theory—not a sociologist of religion. But, as Erwan Dianteil and others have pointed out, Bourdieu drew extensively on the sociological classics of religion (particularly Weber, Durkheim, and Mauss) to develop his sociological framework. Though Bourdieu himself devoted little of his tremendous sociological output to religion, Terry Rey, in this important book on Bourdieu and religion, shows not only how Bourdieu drew on the classics to frame his sociology, including his thinking about religion, but also the growing influence of Bourdieu's work on the contemporary sociology of religion."]
['gnd:4049420-2', 'gnd:4067488-5', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1819426475']
['Religionssoziologie', 'Zeitschrift']
23
18
3A1819427153.jsonld
['gnd:4067488-5', 'gnd:4049420-2']
['Religionssoziologie', 'Zeitschrift']
['rel']
[['(classificationName=ddc-dbn)230', '(classificationName=ddc-dbn)300', '(classificationName=bk, id=106404202)11.05 - Religionssoziologie', '(classificationName=bk, id=106415271)11.00 - Theologie, Religionswissenschaft: Allgemeines', '(classificationName=ssg)0', '(classificationName=linseach:mapping)rel']]
['To Change the World: The Irony, Tragedy, and Possibility of Christianity in the Late Modern World']
['The structure of this book is quite simple. Hunter creates a three-part typology of ways in which Christians have attempted to change the world; he then systematically argues for the inadequacy of each strategy; and, finally, he proposes a fourth alternative that he says fits his theory of power and cultural change. To give away the ending of this review, I found his three-fold typology to be useful at a descriptive level, but I was dissatisfied with the solution that he proposes., The first type he labels “defensive against” and includes fundamentalists, many mainstream evangelicals, and some conservative Catholics. They have a mythical ideal of a rightly ordered society and believe that American culture is morally bankrupt, moving toward disorder.']
['gnd:4049420-2', 'gnd:4067488-5', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1819427153']
['Religionssoziologie', 'Zeitschrift']
23
19
3A1819427765.jsonld
['gnd:4049420-2', 'gnd:4067488-5']
['Religionssoziologie', 'Zeitschrift']
['rel']
[['(classificationName=ddc-dbn)300', '(classificationName=ssg)0', '(classificationName=linseach:mapping)rel', '(classificationName=ddc-dbn)230', '(classificationName=bk, id=106404202)11.05 - Religionssoziologie', '(classificationName=bk, id=106415271)11.00 - Theologie, Religionswissenschaft: Allgemeines']]
['The Missing Martyrs: Why There Are So Few Muslim Terrorists']
["Rarely does a topic of controversial concern such as “Muslim terrorism” receive the attention of a seasoned specialist with decades of expertise. Such is the greatest strength of Charles Kurzman's latest monograph, The Missing Martyrs. Here, Kurzman interrogates common presumptions that permeate both academic and popular conceptions about Muslim terrorists and their relationship to the Islamic tradition. With a balanced and accessible tone, he polemically—yet empirically—answers a widely held false presumption best, captured in the question “[I]f there are more than a billion Muslims in the world, many of whom supposedly hate the West and desire martyrdom, why don't we see terrorist attacks everywhere, every day?” (7)."]
['gnd:4049420-2', 'gnd:4067488-5', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1819427765']
['Religionssoziologie', 'Zeitschrift']
23
20
3A1824424299.jsonld
['gnd:4216132-0', 'gnd:4011144-1', 'gnd:4193754-5', 'gnd:4010452-7']
['Computerkriminalität', 'Datensicherung', 'Maschinelles Lernen', 'Datenfunknetz']
['inf']
[['(classificationName=bk, id=10641240X)54.72 - Künstliche Intelligenz', '(classificationName=bk, id=106417967)54.80 - Angewandte Informatik', '(classificationName=linseach:mapping)inf']]
['One-Dimensional Convolutional Neural Network for Detection and Mitigation of DDoS Attacks in SDN']
['In Software-Defined Networking (SDN), the controller plane is an essential component in managing network traffic because of its global knowledge of the network and its management applications. However, an attacker might attempt to direct malicious traffic towards the controller, paralyzing the entire network. In this work, a One-Dimensional Convolutional Neural Network (1D-CNN) is used to protect the controller evaluating entropy information. Therefore, the CICDDoS2019 dataset is used to investigate the proposed approach to train and evaluate the performance of the model and then examine the effectiveness of the proposal in the SDN environment. The experimental results manifest that the proposed approach achieves very high enhancements in terms of accuracy, precision, recall, F1 score, and Receiver Operating Characteristic (ROC) for the detection of Distributed Denial of Service (DDoS) attacks compared to one of the benchmarking state of the art approaches.']
['gnd:1251017452', 'gnd:13002077X', 'gnd:4010452-7', 'gnd:4011144-1', 'gnd:4193754-5', 'gnd:4216132-0', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1824424299']
["Alshra'a, Abdullah Soliman", 'Seitz, Jochen', 'Computerkriminalität', 'Datensicherung', 'Maschinelles Lernen', 'Datenfunknetz']
11
21
3A1831631695.jsonld
['gnd:4334479-3', 'gnd:4006294-6']
['Bevölkerungsökonomie', 'Alternde Bevölkerung']
['oek']
[['Population aging', 'Aging ; Economic aspects', 'SOCIAL SCIENCE ; Discrimination & Race Relations', 'Handbooks and manuals', '(classificationName=loc)HB1531', 'Investing', '(classificationName=linseach:mapping)sow', '(classificationName=linseach:mapping)oek', 'Retirement', 'Annuitization', '(classificationName=ddc)305.26', 'Aging', 'Investment decisions', 'Pension regulation', 'Portfolio allocation', 'SOCIAL SCIENCE ; Minority Studies']]
['Chapter 9. Investing and Portfolio Allocation for Retirement']
['The demographic situation in the majority of industrialized countries calls for the increasing participation in funded retirement programs, should the prospective retirees desire to maintain their habitual standard of living in retirement. This poses new challenges for both prospective retirees and policymakers and reveals the need for easily accessible information on the subject. The goal of this chapter is to supply such essential knowledge by summarizing various important facts and research findings about investing and portfolio allocation for retirement. This chapter describes the main risks, assets, and investment products that are relevant for retirement saving, and the main research related to portfolio choice over the lifecycle and annuities. The composition of the retirement portfolio during the working life and use of funds in retirement are examined in light of the lifecycle research. This chapter provides an overview of the literature and exemplifies the research results.']
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['Bevölkerungsökonomie', 'Alternde Bevölkerung']
19
32
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['Chapter 12. Taxation, Pensions, and Demographic Change']
['This chapter provides a review of some implications of demographic shift arising from population aging for fiscal policy, taxation policy, and social security settings. The key implications of population aging that have been forthcoming from the many national and international macroeconomic modeling studies are presented. These implications are that population aging will put significant stress on governments’ fiscal situations under current policy settings. Consideration of policy options to accommodate population aging leads to examination of age-dependent taxation, the means testing of social security benefits, general taxation and pension design, and the analysis of taxation policy over time. The chapter concludes with some comments on the nature of the literature reviewed and on possible directions for future research.']
['gnd:4006294-6', 'gnd:4334479-3', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1831631717']
['Bevölkerungsökonomie', 'Alternde Bevölkerung']
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['Chapter 15. Poverty and Aging']
['This chapter explores the relationship between poverty and aging, in terms of its measurement and trends, as well as its alleviation, with particular attention to the most vulnerable individuals at each end of the age distribution. The measurement addresses both the definition of poverty and its aggregation over various age groups. The trends highlight a significant reduction in poverty among the elderly and a gradual increase in poverty among children and working age individuals, both in the United from dependence as a child to independence as a young adult, from being 50 years. Two important secular changes are also detected: a college spike and a retirement dip in poverty across the age distribution. The alleviation of poverty is then attributed to working in the labor market and to social expenditure and its associated policies, which have been especially effective for the elderly. A summary and a discussion follow that set forth an agenda for further research and policy.']
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['Bevölkerungsökonomie', 'Alternde Bevölkerung']
19
34
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['Bevölkerungsökonomie', 'Alternde Bevölkerung']
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[['Intergenerational risk sharing', 'Aging', 'Life-cycle saving', 'Population aging', '(classificationName=linseach:mapping)sow', 'Aging ; Economic aspects', 'SOCIAL SCIENCE ; Discrimination & Race Relations', '(classificationName=loc)HB1531', 'Social security', 'Retirement age', 'Public insurance', 'Welfare', 'SOCIAL SCIENCE ; Minority Studies', '(classificationName=linseach:mapping)oek', 'Pension reform', 'Labor supply', 'Handbooks and manuals', '(classificationName=ddc)305.26']]
['Chapter 13. Social Security and Public Insurance']
['When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure on these debates. We formulate a large set of models which we use for simulation exercises to make the challenges and controversies more transparent. The chapter begins with an institutional view of pension systems and population aging which defines the fundamental accounting restrictions which population aging imposes on individual behavior and policy actions. We also provide a brief survey of pension systems in the real world. We then take a behavioral view and study saving and labor supply decisions in an aging population. The third viewpoint is from macroeconomics and focuses on the feedback effects that occur in general equilibrium. We demonstrate that market reactions to population aging significantly reduce the burden of parametric or systemic pension reform. The chapter ends with a short summary of the main lessons and an outlook where further research is most urgently needed.']
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['Bevölkerungsökonomie', 'Alternde Bevölkerung']
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['Chapter 11. Complex Decision Making : The Roles of Cognitive Limitations, Cognitive Decline, and Aging']
['We review the evidence on decision making in complex choice situations—i.e., situations where there are many alternatives and/or where attributes of alternatives are difficult to understand. We focus on choices about health insurance, health care, and retirement planning, all of which are very important for the well-being of the elderly. Our review suggests that consumers in general, and the elderly in particular, have great difficulty making optimal choices in these areas. They often behave in ways that imply a high degree of “confusion,” such as (i) failure to understand key attributes of alternatives or (ii) inadequate cognitive capacity to process payoff relevant information. We go on to discuss extensions to standard rational choice models that account for consumer confusion. These include allowing perceived attributes to depart from true attributes, the use of heuristics, and inattention or procrastination. Such departures from rationality can be moderated by cognitive ability, age, etc. We hope that these new models may be useful in designing paternalistic interventions.']
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['Bevölkerungsökonomie', 'Alternde Bevölkerung']
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['Chapter 1. The Global Demography of Aging : Facts, Explanations, Future']
["Population aging is the 21st century's dominant demographic phenomenon. Declining fertility, increasing longevity, and the progression of large-sized cohorts to the older ages are causing elder shares to rise throughout the world. The phenomenon of population aging, which is unprecedented in human history, brings with it sweeping changes in population needs and capacities, with potentially significant implications for employment, savings, consumption, economic growth, asset values, and fiscal balance. This chapter provides a broad overview of the global demography of aging. It reviews patterns, trends, and projections involving various indicators of population aging and their demographic antecedents and sequelae. The chapter also reviews theories economists use to explain the behavioral changes driving the most prominent demographic shifts. Finally, it discusses the changing nature of aging, the future of longevity, and associated policy implications, highlighting some key research issues that require further examination."]
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['Bevölkerungsökonomie', 'Alternde Bevölkerung']
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['Chapter 16. Health and Long-Term Care']
['This chapter summarizes the recent economic literature on health and long-term care as it relates to population aging. The profound demographic changes taking place in developed countries will require changes in how societies provide and pay for long-term care. Both the supply side and the demand side of the health care markets are undergoing change. This chapter provides a review of the main economic theories and empirical findings about the supply of and demand for long-term care, primarily among the elderly. It also reviews the main features and problems with insurance markets and quality of care. There is a short section that explains new promising data sets available for researchers. This chapter concludes with questions for future research.']
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['Bevölkerungsökonomie', 'Alternde Bevölkerung']
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['Chapter 5. Insurance Markets for the Elderly']
['We describe the risks faced by the aging population and survey the corresponding insurance markets for these risks. We focus on income risk, health expenditure risk, long-term care expenditure risk, and mortality risk. We also discuss the interactions between social insurance and private insurance markets.']
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['Chapter 2. Macroeconomics, Aging, and Growth']
['Inevitable population aging and slower population growth will affect the economies of all nations in ways influenced by cultural values, institutional arrangements, and economic incentives. One outcome will be a tendency toward increased capital intensity, higher wages, and lower returns on capital, a tendency partially offset when the elderly are supported by public or private transfers rather than assets, and when economies are open, in which case aging will lead to increased flows of capital and labor. Rising human capital investment per child accompanies the falling fertility that drives population aging, and partially offsets slower labor force growth. Research to date finds little effect on technological progress or labor productivity. National differences in labor supply at older ages, per capita consumption of the elderly relative to younger ages, strength of public pension and health care systems, and health and vitality of the elderly all condition the impact of population aging on the economy. Policy responses include increasing the size of the labor force, mainly by raising the retirement age; reducing benefits and/or raising taxes for public transfer programs for the elderly, with concern for deadweight loss and the fair distribution of costs across socioeconomic classes; investing more in children to increase the quality and productivity of the future labor force; and public programs that promote fertility by facilitating market work for women with children.']
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['Bevölkerungsökonomie', 'Alternde Bevölkerung']
19
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['Author Index of Volume 2']
['This chapter lists the names of the people who have contributed to the book Handbook of Law and Economics Volume 2 , such as Aberbach, J., Aboody, D., Andenas, M., and others. For the ease of the reader, their names have been mentioned along with the page number in which their names appear in the book.']
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['Introduction to the Series']
['The series Handbooks in Economics produce books for various branches of economics, each of which is a definitive source, reference, and teaching supplement for use by professional researchers and advanced graduate students. Each book provides self-contained surveys of the current state of a branch of economics in the form of chapters prepared by leading specialists on various aspects of this branch of economics. These surveys summarize not only received results but also newer developments, from recent journal articles and discussion papers. Some original material is also included, but the main goal is to provide comprehensive and accessible surveys.']
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['Chapter 13 Empirical Studies of Corporate Law']
["This chapter reviews the empirical literature, especially the event study literature, as it relates to corporate and securities law. Event studies are among the most successful uses of econometrics in policy analysis. By providing an anchor for measuring the impact of events on investor wealth, the methodology offers a fruitful means for evaluating the welfare implications of private and government actions. This chapter begins by briefly reviewing the event study methodology and its strengths and limitations for policy analysis. It then discusses one of the limitations of more conventional empirical work (cross-sectional analysis), the problem presented by the fact that the characteristics of firms that are studied in relation to each other (such as ownership and mechanisms of corporate governance) or to firm performance are not exogeneous but self-selected by firms. Thereafter it reviews in detail how event studies have been used to evaluate the wealth effects of corporate litigation. Subsequently, we focus on the methodology's application to corporate law and corporate governance issues, supplemented with discussion of other relevant empirical work as well. Event studies are emphasized because they have played an important role in the making of corporate law and in applied corporate finance and corporate law scholarship. The reason for this input is twofold. First, there is a match between the methodology and subject matter: the goal of corporate law is to increase shareholder wealth and event studies provide a metric for measurement of the impact upon stock prices of policy decisions. Second, because the participants in corporate law debates share the objective of corporate law, to adopt policies that enhance shareholder wealth, their disagreements are over the means to achieve that end. A further reason for emphasizing event study data is that they avoid the endogeneity concerns that can limit the results of other modes of empirical research in this area."]
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['Author Index of Volume 1']
['This chapter lists the names of the people who have contributed to the book Handbook of Law and Economics, Volume 1 , such as Aaron, H.J., Abraham, K.L., Alston, L.J., and others. For the ease of the reader, their names have been mentioned along with the page number in which their names appear in the book.']
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['Chapter 10 Taxation']
['This Handbook entry presents a conceptual, normative overview of the subject of taxation. It emphasizes the relationships among the main functions of taxation—notably, raising revenue, redistributing income, and correcting externalities—and the mapping between these functions and various forms of taxation. Different types of taxation as well as expenditures on transfers and public goods are each integrated into a common optimal tax framework with the income tax and commodity taxes at the core. Additional topics addressed include a range of dynamic issues, the unit of taxation, tax administration and enforcement, and tax equity.']
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['Chapter 9 Regulation of Health, Safety, and Environmental Risks']
['This paper provides a systematic review of the economic analysis of health, safety, and environmental regulations. Although the market failures that give rise to a rationale for intervention are well known, not all market failures imply that market risk levels are too great. Hazard warnings policies often can address informational failures. Some market failures may be exacerbated by government policies, particularly those embodying conservative risk assessment practices. Labor market estimates of the value of statistical life provide a useful reference point for the efficient risk tradeoffs for government regulation. Guided by restrictive legislative mandates, regulatory policies often strike a quite different balance with an inordinately high cost per life saved. The risk-risk analysis methodology enables analysts to assess the net safety implications of policy efforts. Inadequate regulatory enforcement and behavioral responses to regulation may limit their effectiveness, while rising societal wealth will continue to generate greater levels of health and safety.']
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['jur']
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['Chapter 7 Empirical Study of Criminal Punishment']
["This chapter reviews empirical studies of criminal punishment and the criminal justice system by economists. Since the modern exposition of the economic model of criminal behavior, empirical economists have tested its predictions using variation in expected criminal punishments. In the past decade, empirical economists have made substantial progress in identifying the effects of punishment on crime by finding new ways to break the simultaneity of crime rates and punishments. The new empirical evidence generally supports the deterrence model but shows that incapacitation influences crime rates, too. Evidence of the crime-reducing effect of the scale of policing and incarceration is consistent across different methodological approaches. Estimates of the deterrent effect of other penalties, such as capital punishment, are less robust and suggest that claims of large effects from these policies may be spurious. More work is needed to assess the relative importance of deterrence and incapacitation. Empirical economists have made less progress in studying the criminal justice system itself. Data availability constrains the economists' ability to resolve the simultaneity of criminal justice institutions and crime rates, and this limitation hampers rigorous empirical investigation of the incentive effects of numerous criminal justice institutions and procedures. This area remains an important avenue for future empirical research."]
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['Chapter 4 Litigation']
['The purpose of this chapter is to survey the academic literature on the economics of litigation and to synthesize its main themes. The chapter begins by introducing the basic economic framework for studying litigation and out-of-court settlement. One set of issues addressed is positive (or descriptive) in nature. Under what conditions will someone decide to file suit? What determines how much is spent on a lawsuit? When do cases settle out of court? Important normative issues are also addressed. Are the litigation decisions made by private parties in the interest of society as a whole? Next, the chapter surveys some of the more active areas in the litigation literature. Topics include rules of evidence, loser-pays rules, appeals, contingent fees for attorneys, alternative dispute resolution, class actions, and plea bargaining.']
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['Chapter 1 Contract Law']
['This chapter surveys major issues arising in the economic analysis of contract law. It begins with an introductory discussion of scope and methodology, and then addresses four main topics that correspond to the major doctrinal divisions of the law of contracts. These divisions include freedom of contract (the extent of private power to create binding obligations), formation of contracts (the procedural mechanics of exchange, and the rules that govern pre-contractual behavior), contract interpretation (the consequences that follow when agreements are ambiguous or incomplete), and enforcement of contractual obligations (the choice between private and public enforcement, and the legal remedies that follow from breach of contract). In each of these sections, we provide an economic analysis of relevant legal rules and institutions, and of the connections between legal arrangements and corresponding topics in microeconomic theory, such as welfare economics and the theory of contracts.']
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['Subject Index of Volume 1']
['This chapter lists the important subjects that are discussed in the volume I of the book, Handbook Of Experimental Economics Results , such as abundant information, adaptive behavior, adaptive dynamics, and others. The terms are mentioned along with the page numbers in which they are discussed in the bookfor the ease of the reader.']
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['7. Individual Choice, Beliefs and Behavior']
['In many experimental studies it has been found that increasing the level of rewards, while not always significantly improving average support for the predictive hypothesis, nevertheless reduces the variance of the observations around the predicted outcome. Smith and Walker model the decision as maximizing the expected utility of the reward where the subjective cognitive cost of effort is increasing in the accuracy of the decision. Consequently, increasing payoffs induces more costly effort, and reduces the error variance relative to the prediction. In a second entry, they apply this model to the first price auction decision format to examine the effect of payoff levels and experience on bidding behavior. The payoffs vary from zero to 20 times the normal amounts paid to subjects in first price auction experiments. Both payoff level and experience reduce the volatility of bids relative to assigned value: the standard error around the fitted bid function decreases with these two treatment control variables.']
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['5. Mechanism Design and Policy Applications']
['Early in the development of experimental economics interest emerged in using the lab as a test bed for mechanism design and the examination of public policy questions.The contingent valuation method (CVM) is a hypothetical survey instrument that has been widely used and promoted in the assessment of environmental resource damages. Harrison and Rutstrm discuss the crucial issue of whether there is bias in CVM instruments arising from the fact that both the policy being evaluated and its damage prevention value are hypothetical with weak and distorted private incentives for respondents to accurately reveal their preferences. In these settings the question is whether people overstate their true evaluations. They provide a comprehensive review of a wide range of experiments allowing the existence of hypothetical bias to be determined, concluding that the existence of such bias, while highly variable, is persistent and cannot be ignored in the use of CVM instruments.']
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['4. Games']
['This chapter reflects attempts to improve upon it and advance our understanding of why it works. The question becomes whether or not the principles of Nash equilibrium can be viewed in the behavior as modification of the attitudes or whether the attitudes themselves induce fundamentally different principles of behavior that can replace the strategic behavior of game theory. The substance of the papers is that strategic behavior is a deep and reliable property of human behavior in conflict environments. A sophisticated experienced weighted learning model is compared to reinforcement learning and weighted fictitious play across a variety of games. The structure of these models is discussed together with interpretations of the measured parameters and areas of potential improvement.']
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['2. Market Economics of Uncertainty and Information']
['The principles based on purposeful behavior, which have always been at the foundations of economics, began to expand to explain the acquisition of information and its use, including both the information that might be carried in the actions of others and in the behavior of markets. This evolution was accompanied by the development of more precise principles of behavior as well as modifications of those of classical origin. This chapter reports on the expectations development of individuals and in particular the capacity of individuals to condition their expectations of some events on the observation of multiple other events. That is, they measure the implicit conditional subjective probabilities of events that have a stochastic dependence on other observable events.']
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['1. Markets']
['More than anything else in the history of the development of economic thought, experimental economics is about the extended order of markets whose outcomes are not part of the intentions of the participants. It is accurate to say that markets emerged out of the dim past of social and economic exchange as an inscrutable human social propensity to truck, barter and exchange, rather than to describe them as having been invented. Even today, as in the experimental subfield of economic system design and testing, although invention appears to be prominent initially, all designs are subject to continuous change and adaptation in the light of experience and feedback; first in lab testing, then ongoing in the field. For example, the Chicago Mercantile Exchange has a book of rules, consisting of a three ring loose-leaf notebook, symbolizing the persistence of change based on experience that characterizes institutions.']
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['Introduction to the Series']
['This chapter is an introduction to the series of the book Handbook Of Experimental Economics Results. Each Handbook provides self-contained surveys of the current state of a branch of economics in the form of chapters prepared by leading specialists on various aspects of this branch of economics. These surveys summarize not only received results but also newer developments, from recent journal articles and discussion papers. Some original material is also included, but the main goal is to provide comprehensive and accessible surveys.']
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['Chapter 115 On the Performance of the Lottery Procedure for Controlling Risk Preferences']
["This chapter describes the lottery procedure for inducing preferences over units of experimental exchange and show how it is supported by several experiments on behavior in simple contexts. This chapter reviews various evidence from a set of paired choice and pricing tasks designed to determine whether subjects' revealed preferences over gambles are consistent with attempted risk preference induction. There is strong support for the performance of inducing when subjects choose between paired gambles. Subjects induced to be risk seeking nearly always choose the riskier gamble, while those induced to be risk averse choose the less risky one. There is similar support for pricing gambles, but the strength of the effect is a function of the variance of the gambles. This is consistent with other experimental evidence about the importance of saliency. Risk preferences matter little when there is little risk As risk increases, risk preferences should become more important in the experiments. Subjects appear to price gambles more consistently with their induced risk preferences as variance increases."]
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['Chapter 112 Rewards and Behavior in First Price Auctions']
["The trading rules for the first price auction can be summarized as follows. A single object is offered in perfectly inelastic supply to N > 2 bidders. Each bidder submits a single bid for the commodity with the understanding that the commodity will be awarded to the highest bidder at a price equal to the highest bid. This chapter examines the impact on subjects' behavior of substantial increases in the size of expected laboratory payoffs and experience in the context of a first price auction. Bidding behavior in this institution has been investigated by experimental economists for over 20 years. Virtually all studies reveal behavior in which: (1) bidding behavior across subjects is heterogeneous; and (2) subjects consistently bid above the level predicted for risk-neutral agents, behavior which is consistent with as if risk averse."]
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['Chapter 111 Payoff Scale Effects and Risk Preference Under Real and Hypothetical Conditions']
['The use of monetary incentives may not affect behavior much in some contexts, or it may simply reduce the dispersion of data around some theoretical prediction. But the experiments indicate that incentive effects may be large and systematic in other contexts. In the absence of a widely accepted theory of when incentives matter, it is probably not advisable to derive scientific conclusions from laboratory studies that do not provide clear, salient motivation. The evidence surveyed here shows that relying on hypothetical payments can yield misleading results in some circumstances. Moreover, social scientists do not have a good feel for when to believe hypothetical choice patterns. Given this, they believe that performance-based incentives should be used in economics experiments, and results motivated by hypothetical incentives should be interpreted with caution.']
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['Chapter 108 One-Reason Decision Making']
['One-reason decision making is a label for a class of fast and frugal heuristics that base decisions on only one reason. These heuristics do not attempt to optimally fit parameters to a given environment; rather, they have simple structural features and bet that the environment will fit them. By not attempting to optimize, these heuristics can save time and computations, and demand only little knowledge concerning a situation. Models of one-reason decision making have been designed for various tasks, including choice, numerical estimation, and classification. This chapter focuses on two of these heuristics, Take The Best and Minimalist, and compare their performance with that of standard statistical strategies that weigh and combine many reasons, such as multiple regression. Contrary to common intuition, more reasons are not always better.']
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['Chapter 103 Utility Maximization']
["A testable form of the utility hypothesis results from identifying necessary condition(s) for the existence of a utility function that rationalizes the price and quantity data, meaning a utility function that correctly predicts choices that do not violate an agent's budget constraint. Possible inconsistencies with utility-maximizing choices are of no clear economic interest unless the objects of choice are scarce. In order for the chosen commodities to be scarce, the agent's budget constraint must be binding. Hence, a specific testable form of the utility hypothesis must incorporate scarcity. There are various ways to incorporate scarcity in the model of the utility-maximizing agent. The model of the utility-maximizing agent is central to theoretical and applied economics and to economics education. But how can one test for the presence of utility maximization? More specifically, how can one test the utility hypothesis, defined as the hypothesis that real economic agents behave as if they maximize utility functions subject to binding budget constraints?"]
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['Experiment', 'Wirtschaftswissenschaften', 'Wirtschaftsforschung', 'Methodologie', 'Experimentelle Wirtschaftsforschung']
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3A1831632497.jsonld
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['Chapter 102 The Becker–DeGroot–Marschak Mechanism is not Generally Incentive-Compatible in Practice']
["Experimentalists have been so sure of the incentive compatibility of this mechanism in practice that they often explicitly inform their subjects that it is in the respondents' interest to report their true reservation prices, or words to that effect. However, as is reported here, it turns out that behavior is not fully determined by these incentives alone and that, contrary to the incentives provided, the choice of upper bound of the buyout price range tends to influence the seller prices that subjects state. Thus, studies which have used upper bounds clearly exceeding what real buyers could consider paying may have produced biased estimates of seller reservation prices."]
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3A1831632500.jsonld
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['Chapter 101 The Endowment Effect']
["The emergence of empirical evidence suggesting divergence between the willingness- to-accept (WTA), for the sale of an object, and the willingness-to-pay (WTP), for the purchase of an object, has resulted in two explanations. Further they argue that the endowment effect will not apply when the goods are purchased for resale and not for use; there is no endowment effect for the retail firm, only for the consumer purchasing the firm's good. Similarly, they argue that the endowment effect does not apply to the exchange of tokens (or rights) to which private redemption values, or induced values have been assigned by the experimenter. Given the explanations for the divergence between the average WTA and WTP the experimental literature focused on direct choice tests of these (theoretical) explanations, and there examination in market contexts."]
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['Experiment', 'Wirtschaftswissenschaften', 'Wirtschaftsforschung', 'Methodologie', 'Experimentelle Wirtschaftsforschung']
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3A1831632519.jsonld
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['Experiment', 'Wirtschaftswissenschaften', 'Wirtschaftsforschung', 'Methodologie', 'Experimentelle Wirtschaftsforschung']
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['Chapter 100 The Endowment Effect: Evidence of Losses Valued More than Gains']
["The early empirical evidence of a wide disparity between people's valuations of gains and losses appeared in results of contingent valuation studies in which respondents were asked both how much they would be willing to pay to prevent a loss of an environmental or other amenity, and what sum they would demand to accept its loss. The results of experiments testing people's valuations of gains and losses have been consistent in showing that individuals value losses far more than otherwise fully commensurate gains. This leads to smaller gains from trade and fewer voluntary market transactions than would be the case with valuation equivalence. The valuation disparity also suggests greater caution in assessing welfare losses, predicting market outcomes, and may well imply different policy designs."]
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['Experiment', 'Wirtschaftswissenschaften', 'Wirtschaftsforschung', 'Methodologie', 'Experimentelle Wirtschaftsforschung']
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3A1831632535.jsonld
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['Chapter 98 Intertemporal Choice under Habit Formation']
['The fundamental question addressed in this research is the degree to which models of optimal intertemporal choice are good descriptions of non-interactive individual intertemporal behavior in the presence of habit formation. The existence of loss avoidance does, however, not explain why subjects consume too much in the first few periods. This chapter conjecture that overconsumption during the first periods is driven by cognitive limitations. If subjects are unable to compute the aggregate present value of future costs which is associated with each level of consumption, they face a form of subjective uncertainty. Hence, psychologically relevant features of the decision problem play an important role. This chapter also presents the fact that the present benefits of consumption are relatively large, immediately available, and thus unambiguously given is likely to be of psychological relevance because it renders present benefits highly salient.']
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3A1831632543.jsonld
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['Chapter 97 Motivation Theory and Experimental Behavior under the Decision Cost Hypothesis']
["This chapter compare hypothetical with actual bids of a Treasury bill dealer, and find that the dealer's measure of constant relative risk aversion using actual bid data is four times larger than under hypothetical assessment. This chapter also reports individual decision making experiments in which the incidence of confused behavior is reduced with monetary rewards, but subjects who appear not to be confused behave about the same with or without monetary rewards. This chapter finds that results in the dictator game are affected significantly by monetary incentives and that under no-pay conditions the results in ultimatum games are inconclusive because they fail to be replicable."]
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["Chapter 94 Three-way Experimental Election Results: Strategic Voting, Coordinated Outcomes and Duverger's Law"]
['This chapter discusses here all used plurality voting. Thus, subjects could cast the vote vectors (1, 0, 0), (0, 1, 0), (0, 0, 1) and (0, 0, 0) for the candidates O, G and B, respectively. After each election, the candidate with the most votes was declared the winner and subjects were paid accordingly. If a tie occurred between two or more candidates, the winner was selected randomly with the tied candidates having equal probabilities of being selected. After each election, subjects were informed of the number of votes received by each candidate, the election winner and their payoffs. The equilibria are based on expectations about (1) which candidates will be in contention in a close race (conditional tie probabilities) and (2) the values voters place on breaking ties in their favor. For these payoffs, only the relative strengths of candidates O and G matter in selecting the equilibrium. When O is perceived strong while G is weak, all majority voters vote for O.']
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3A1831632594.jsonld
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['Chapter 93 Structure Induced Equilibrium in Spatial Committee Games']
['Markets, auction mechanisms and political institutions all affect outcomes. For students of collective choice, minimal decision making institutions provide a baseline by which we expect outcomes that best can be characterized as chaotic. Such outcomes are rarely predictable and the processes by which they are selected are marked by voting cycles and drifting through the alternative space. More interesting for collective choice theorists are those mechanisms introduced into a minimal institutional setting that in turn brings predictability to outcomes. Almost all institutions charged with making collective choices are richly layered with rules. The United States House of Representatives is one of the more rule-bound institutions that has been studied extensively and empirical scholars take for granted that its outcomes will be predictable and patterned. However, disentangling which structural features matter and when they matter remains a task for theorists. Experimentalists continue to offer examples as to when institutions matter.']
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['Experiment', 'Wirtschaftswissenschaften', 'Wirtschaftsforschung', 'Methodologie', 'Experimentelle Wirtschaftsforschung']
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3A1831632608.jsonld
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['Chapter 92 Endogenous Properties of Equilibrium and Disequilibrium in Spatial Committee Games']
['This chapter discusses that experiments demonstrate the extent to which outcomes are responsive to the structure of preferences. Where a preference-induced equilibrium exists, outcomes converge toward that equilibrium. Where a natural majority coalition exists, outcomes cluster around it. Where preferences are widely distributed, so too are outcomes. By and large, the fact that outcomes are sensitive to endogenous preferences comes as some relief. These results indicate that there is a clear patterning to outcomes and they are dependent on the preferences of actors. Rather than throwing up our hands in frustration over the impossibility of understanding basic collective choice processes, these results point to the possibility of predicting outcomes. Those theoretical constructs aim at capturing the complex relationships between preference and choices.']
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3A1831632616.jsonld
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['Chapter 91 Institutional Modifications of Majority Rule']
['This chapter states that institutions and preferences are hopelessly confounded with the world of politics. Starting with data about institutional variation and variation in policy outcomes, it is impossible to make any hard and fast inferences about the impact of institutional features on policy outcomes. Do the states with a line-item veto spend less on certain budget categories because of the line-item veto, or because those states have electorates that prefer both the line-item veto and those expenditure patterns? Disentangling cause, effect, and spurious correlation can be virtually impossible with natural data. Experiments are uniquely suited for examining institutional effects. The experimenter can hold preferences constant and randomly assign subjects to treatments distinguished only by variations in institutional rules; resulting differences in behavior may be ascribed to the institutional differences with a degree of confidence that would be impossible in natural political settings.']
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['Chapter 88 Voluntary Provision of Public Goods']
['This chapter discusses that redistributing resource endowments from people who contribute to public goods to other people who contribute to public goods will have no effect on the aggregate contributions to public goods. However, redistribution from non-contributors to contributors will result in an increase in the provision of public goods. A model which incorporates equity theory is used to generate alternative hypotheses for the behavior of individual contributors. Aggregate contribution data from three-person public goods environments support the neutrality theorem originally when endowments were redistributed among contributors. The individual contribution data, however, did not support the predictions of the conventional model. Individuals with relatively high endowments tended to under-contribute, relative to the conventional predictions, while individuals with relatively low endowments over-contributed.']
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['Chapter 82 Partners versus Strangers: Random Rematching in Public Goods Experiments']
['Simply repeating the game with the same set of subjects may change the nature of equilibrium, since incomplete information about types can lead to reputation effects of the sort described in this chapter. A common way to deal with this has been to rematch subjects randomly into groups for each iteration of the game, hence forming a repeated single-shot design and avoiding the repeated-game effects. This chapter tested this question by comparing a set of subjects who played infinitely repeated games with another set who played in a repeated single-shot. Players in the repeated game were called Partners, while those in the repeated single-shot game were called Strangers. The discussion of Partners versus Strangers thus far has been predicated on the assumption that the incentives of individuals are consistent with money-maximization in the experiment.']
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['Chapter 73 Energy, Reserve and Adjustment Market Behavior With Industry Network, Demand and Generator Parameters']
['This chapter summarizes results from various experiments that uses a complex 9-node network market with parameters supplied by the electric utility industry. In the experiments conducted, the chapter uses a DC model with quadratic line losses to compute the real power flows in the aggregated network. The chapter concludes that with intensive training and screening, subjects can handle very complex and demanding environments when assisted by local expert system algorithms similar to the support needed by practitioners in the field. Moreover, they engage in extensive, successful manipulation attempts to take advantage of the regulatory must-serve restrictions on the ability of the local distribution monopoly to interrupt demand to discipline seller withholding of supply. Sellers, however, are much more consistently successful in this respect under the CDA trading rule condition. These findings contrast sharply with those of other experimental studies in which modest proportions of peak consumer demand could be interrupted by wholesale buyers, enabling the latter to discipline seller attempts to raise clearing prices.']
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['Chapter 72 Electric Power Market Design Issues and Laboratory Experiments']
['The incentive failure of government ownership of public utility industries has helped to motivate the worldwide privatization of these industries. Similar shortcomings of rate-of-return regulation in the United States has led to major changes in the way in which the gas, telephone and cable TV industries are regulated, as public policy has leaned toward, if not fully embraced, the substitution of markets for direct regulation of these industries. Radical technological changes in long distance communication and transmission have also contributed to this accelerating trend. But such analysis does not deal with the question of how bidding behavior may be affected by line constraints; nor does it ask if optimization is supported by an equilibrium model. This chapter also inquires as to how market efficiency and the income shares of producers, wholesale buyers, and transmission line owners are altered with a variation on the auction market bidding rules. The effects of a line constraint and of changing the auction market rules are both examined under different levels of experience on the part of the subjects.']
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['Chapter 70 Trading Institutions and Emission Allowances']
["In the frictionless world of theory without transaction costs, allowance trading offers the potential of billions of dollars in savings when compared to traditional command and control regulation. It is therefore not surprising that regulators have embraced this approach in recent years to reduce the pain of achieving specific environmental objectives. This short review highlights the fact that policy-makers must recognize that the devil is in the details, and that several intermediate steps are necessary when translating these plans and schemes from the theorist's blackboard to the field. For example, regulators need to carefully consider the design of any new trading institutions and allowance characteristics. Failure to consider these details can lead to poorly designed trading institutions such as the EPA auction which can slow the development of the market and require redesign after only several years of operation. By contrast, sufficient consideration of incentives and sponsoring laboratory experiments when appropriate can lead to a better design of allowance characteristics such as in the RECLAIM program."]
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['Chapter 66 Learning and Equilibrium in Games']
["This chapter describes a very general approach to learning in games: experience-weighted attraction (EWA) learning. This approach strives to explain, for every choice in an experiment, how that choice arose from players' previous behavior and experience, using a general model which can be applied to most games with minimal customization and which predicts well out of sample. Sophisticated EWA includes important equilibrium concepts and many other learning models as special cases. The model therefore allows one- stop shopping for learning about the latest statistical comparisons of many different learning and equilibrium models . The model can also be adapted to field applications in which strategies and payoffs are often poorly-specified. The EWA model presented is a simplification (as are all the other adaptive models) because it does not permit players to anticipate learning by others. Omitting anticipation logically implies that players do not use information about the payoffs of other players, and that whether players are matched together repeatedly or randomly re-matched should not matter."]
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["Chapter 65 Payoff Uncertainty and Cooperation in Finitely-repeated Prisoner's Dilemma Games"]
["Several of the results reported here broadly support theories of sequential equilibria. In particular, at least four pieces of data indicate that game theory's structurally-oriented models predict some of the reasons for individuals' play in the prisoner's dilemma game: (1) more cooperation resulted when a cooperative equilibrium existed; (2) players cooperated more overall and more in the first round in SW than in SS; (3) Column was more cooperative than Row on the first trial; and (4) the SW Column Uncertain condition produced the most end game cooperation. Unfortunately, these effects only explain part of the picture. In essence, even after considering the effects of uncertainty, the original issue still remains: considerable cooperation resulted when no cooperative equilibria exist."]
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['Chapter 64 Learning in Entry Limit Pricing Games']
['This chapter examines whether refinements based on forward induction or simple adaptive learning models are better able to capture behavior in signaling game experiments. This chapter also finds that observed behavior is inconsistent with either the equilibrium refinements literature or pure belief-based adaptive learning models. An augmented adaptive learning model in which some players recognize the existence of dominated strategies and their consequences successfully captures the major qualitative features of the data.Equilibrium refinements do quite poorly in capturing our results. The refinements say nothing about the observed dynamics of play and cannot predict observed differences between Treatments I and IB and between Treatments II, III, and IV. The results of Treatment V are completely inconsistent with any refinement to sequential equilibrium. All of these results can be characterized by a simple belief-based learning model augmented to allow for some limited reasoning ability by players.']
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['Chapter 62 Asymmetric Two-person Bargaining Under Incomplete Information: Strategic Play and Adaptive Learning']
["This chapter focuses on a series of experiments investigating decision behavior in single-stage, two-person bargaining over the exchange of a single commodity, where neither trader knows with precision the reservation value that the other places on the good or service being bought or sold. Uncertainty about the other trader's reservation value is represented by a commonly known probability distribution. This chapter also summarizes the major behavioral regularities that have been observed in two computer-controlled bargaining experiments using the sealed-bid double auction mechanism. Under this mechanism, the buyer submits a bid anonymously over a computer network, and the seller submits an offer for the good she possesses. Bids and offers are submitted simultaneously. Considerable theoretical progress has been made in analyzing these bilateral bargaining situations with two-sided incomplete information within the general framework of the BayesianNash equilibrium."]
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['Chapter 56 Focal Points and Bargaining']
['This chapter focuses on the focal points and bargaining. The idea of a focal point is of great practical importance. However, no consensus exists concerning the manner in which focal points become established or survive after their establishment. At one extreme, some authors emphasize rationality considerations above all else. At the other extreme are authors who argue that social norms are so important that strategic issues can be neglected entirely. Even those who emphasize the importance of social norms are left with unresolved questions. Subjects can be conditioned to begin bargaining against real opponents close to any of the four focal points discussed in the chapter. The equal increments and utilitarian focal points are not stable. The explanation that groups of subjects converge on an exact Nash equilibrium of the discrete game that they actually played fits the data very well. One potential criticism of the above experiments is that the graphical display might have made the process of myopic optimization focal.']
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['Chapter 55 Testing Theories of Other-regarding Behavior: A Sequence of Four Laboratory Studies']
['This chapter describes a sequence of four experiments. The hypotheses tested are all informed by one or more of the aforementioned types of models. Each experiment builds on the findings of the previous experiment in the sequence. At the same time, each experiment involves a different game, thereby allowing us to study the phenomenon from a variety of perspectives. While some of the models that this chapter examines get important features of the data correct, none is completely satisfactory. What emerges from this sequence of experiments is a set of empirical regularities that should provide some useful guidance to the construction of more accurate models. This chapter found that preferences for distribution, independent of considerations of intentions, are sufficient to explain contributions in a simple dilemma game. The solidarity game and a linear public goods game proved sensitive to East German/West German cultural differences, but not so much so that it changes the qualitative features of giving.']
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['Chapter 52 The Problem of Common Choice in Symmetric N -person Coordination Games']
['Coordination problems are easily solved when there are clear and unambiguous signals. Institutional mechanisms that enhance the clarity of signals enables even cheap talk to work as a coordinating mechanism. On the other hand, learning about signals, especially if there is path-dependent noise in the environment, complicates the ability of subjects to settle on a common coordinating device. Coordination problems, such as the one facing our Cornhusker motorists, can be simply and easily solved provided an appropriate institutional remedy is at hand. Markets, for example, with frictionless transaction costs and complete information, constitute one way of quickly coordinating supply and demand. The evolution of social norms constitutes another way of coordinating human action. Central to both of these solutions is the presence of a clear, unambiguous signal about what actions individuals should take. Where such a signal is present, the problem of coordination is easily solved; where absent, the problem of coordination can be extraordinarily difficult.']
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['Chapter 51 Coordination Failure in Market Statistic Games']
['A central question in economics is how do markets coordinate the behavior of anonymous decision makers in a many person decentralized economy. Economic theory has traditionally addressed the question using the equilibrium method, which abstracts away from an important aspect of the general coordination problem, because it assumes an equilibrium. For abstract games, an equilibrium is defined as an assignment to each player of a strategy that is best for him when the others use the strategies assigned to them. The relevance of this abstract mutual consistency requirement for economic modeling is an open question. The requirement has two related problems: disequilibrium and coordination failure. First, the mutual consistency requirement of an equilibrium assignment is not an implication of individual rationality, but an additional strong assumption. Second, there is often more than one equilibrium assignment. For example, multiple Pareto ranked equilibria arise in both macroeconomic models with production, search, or trading externalities and microeconomic models of monopolistic competition, technology adoption and diffusion, and manufacturing with non-convexities.']
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['Chapter 49 Social Distance and Reciprocity in Dictator Games']
['This chapter defines various social distances as the degree of reciprocity that people believe is inherent within a social interaction. The greater the social distance, or isolation, between a person and others, the weaker is the scope for reciprocal relations. This chapter conjecture that the FHSS-V treatment defines a minimal increase in the social distance between proposer and recipient, as compared with the FHSS-R treatment. At the other pole, which we use to define the maximal social distance, the experiment is operated double blind, meaning that the procedures make it evident to all subjects that the experimenter, who makes and retains no record of the data by subject name, and any person who subsequently sees the data, can never know who made what decision. The objective of this procedure is to remove all social context in a manner that is transparent to the subjects.']
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['Chapter 48 Prompting Strategic Reasoning Increases Other-regarding Behavior']
['The current cultural norms with regard to sharing, cooperation, trust, and punishment are the result of 23 million years of evolution and adaptation. During most of those 23 million years, humans lived in small interactive groups and developed behaviors and strategies to promote cooperation and social exchange within the group. Within such groups, humans were expected to share with one another and to cooperate to advance the group. This is clear in contemporary studies of extant huntergatherer societies. Today, experimental subjects bring many of the same behaviors and strategies to the laboratories. This results in far more cooperative and sharing behavior in first-time decisions than standard game theory would predict. Prompting not only does not help; it makes the results once again like what are observe in the random/divide treatment, the treatment that started so many psychologists and economists wondering about the standard economics rationality assumption.']
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['Chapter 46 Reciprocity in Ultimatum and Dictator Games: An Introduction']
["This chapter presents data based on treatment manipulations intended to affect subjects' expectations about others' behavior, and degree of social isolation (anonymity) from the experimenter and others who might see the results, holding constant subject anonymity with respect to each other .The standard economic/game theoretic model predicts that the (conscious) reasoning process that applies to social exchange optimization in the self interest against other presumed self-interested protagonists applies also to coalitional relations, games against nature and other content-specific decision problems. Of course, this paradigm makes provision for cooperative behavior in repeat play interaction, but such outcomes emerge out of reward and threat possibilities, that channel the self-interest into longer term betterment over time. According to game theory, such behavior is strictly ruled out in any one-shot game, unless one postulates a taste (utility) for fairness, a topic to which we shall return after introducing our experimental design and results."]
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['Chapter 45 Experimental Beauty Contest Games: Levels of Reasoning and Convergence to Equilibrium']
["This chapter presents data from a series of experiments with human subjects to test how individuals form expectations of others' expectations. The experiment has much in common with Keynes' insight regarding the behavior of investors in financial markets, and therefore the game is called beauty contest game in honor of Keynes. This chapter introduces new asymmetric guessing games in which subjects of the same group may have different parameters p or intervals to choose from in order to separate leading decision rules. The main difference was the high number of frequencies at or near the equilibrium. The choices closest to the winning number were typically those which came from subjects who did their own pre-experiments with students, friends or even with a newsgroup experiment."]
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['Chapter 43 Price Discovery and Allocation in Chains and Networks of Markets']
['The experiments reported in this chapter explore the interaction of networks of markets. The issue is whether, and how long, chains of markets separated in time, space and participants might behave. The setting can be interpreted in two different ways. One is a system of vertical markets in which tiers of intermediate goods are produced as inputs for the next, higher level on the way to a final consumption good. Another, and perhaps more graphic, interpretation is geographic, in which suppliers are located at one location and consumers are at a different location. They are connected by a series of short transportation hauls that must be undertaken by different transporters. No transporter can undertake a long haul from seller to consumer. Markets exist at the beginning and end of each short haul. That is, the first transporters/middlemen buy from sellers and transport to the first drop-off for sale there.']
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['Chapter 39 Information Cascade Experiments']
["This chapter focuses on the information cascade experiments. The concept of an information cascade can be explained in the context of a specific numerical example that was used in initial laboratory experiments. The predictions are publicly announced as they are made, but individuals are not able to observe others' private signals. The first person in the sequence must predict only on the basis of private information. All of the analysis is based on the assumption that others do not make mistakes, and we conjecture that the anomalous behavior patterns may be explained by incorporating the possibility of decision error. When others may make errors, the option of following one's own information becomes more attractive. Even though these applications are motivated by naturally occurring institutions, the usefulness of field data is limited by the fact that the private information of traders and/or betters typically cannot be observed. Laboratory experiments are particularly useful in examining herding behavior because private information is observed by the experimenter and the flow is information can be precisely controlled."]
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['Chapter 37 Reciprocity and Contract Enforcement']
['This chapter reports the results of experiments that were designed to test the effectiveness of reciprocity as a contract enforcement device. It turns out that reciprocity generates a significant increase in effort levels relative to the prediction based on selfish preferences. Moreover, it gives rise to a considerable mitigation of the contract enforcement problem. The impact of reciprocity is particularly strong if both parties have possibilities to reciprocate. Hence, reciprocity can lead to considerable efficiency gains for the contracting parties. These results indicate that models that neglect reciprocity are likely to make wrong predictions and are, thus, seriously incomplete as a basis for normative advice.']
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['Chapter 36 Laboratory Tests of Job Search Models']
["This chapter is concerned with laboratory tests of job search models. Formal models of job search specify certain common elements, i.e., the length of the search horizon, the searcher's discounting rate of interest, the net costs (subsidies) to search in each period of the search horizon, and the searcher's knowledge about the wage offer distribution he or she faces. Because these factors are difficult, if not impossible, to observe in the naturally-occurring economy, controlled laboratory tests of the search model offer the only practical means for formally testing search models. A basic job search model of interest to economists specifies a finite search horizon. Searchers know the (discrete) wage offer distribution and must accept or decline an offer when it is received. The search model has sharp predictions for a utility maximizing, risk neutral agent. In this case the agent seeks to maximize the expected present value of the income from search. This can be accomplished by choosing an appropriate (minimally acceptable) reservation wage each period."]
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['Chapter 35 Learning to Forecast Rationally']
["This chapter reports several robustness checks. OJ specifications designed to capture prior beliefs and non-linear responses to news detected some transient effects in many subjects, but for the most part the final regression is indistinguishable from the basic specification presented in this chapter . Eight parameter MD specifications that allow separate learning for each level of each symptom also converged roughly to the basic specification presented above, but we detect a general bias towards overresponding to the more informative symptom levels and underresponding to the less informative symptom levels. This chapter draws three conclusions from the data analysis. First, the rationality assumption is a good first approximation to subjects' forecasts at the end of 480 learning trials. Second, systematic biases towards under or overresponse can be detected in specific circumstances, e.g., overresponse in the noisier OJ environment. Third, more experiments are needed in a wider variety of tasks and environments in order to understand more fully when people can learn to forecast rationally."]
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['Chapter 34 Coordination Success in Non-cooperative Large Group Market Entry Games']
['Subsequent experimental studies of the market entry game and his associates, which systematically manipulated the information structure of the game, compared behavior in the domains of gains and losses, or introduced private information and asymmetry between players, have shown that this magic is robust. Under a wide variety of experimental conditions, interacting players in large groups playing the market entry game with no communication among them rapidly achieve coordination success that is accounted for on the aggregate level by a Pareto deficient equilibrium solution. When the entry fee is private information, and only the distribution of entry fees in the population is known, the effects of asymmetry between players can be studied. Whether players are symmetric or not, each player is faced on each period with a binary choice between earning a fixed payoff, regardless of the actions taken by the other players, or an uncertain payoff which is a linear function of the difference cm.']
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['Chapter 31 Experiments with Arbitrage Across Assets']
['Theoretical finance is essentially the study of inter-temporal arbitrage, but it is often interesting also to analyze relationships between asset prices. Cross-sectional analysis makes it possible to purge both field and laboratory data of unobservable changes in time-varying fundamentals. Also, although backward induction is at the heart of asset- pricing theory, subjects may find its logic dauntingly complex. They may be able to perceive cross-asset arbitrage opportunities much more readily. Foreign exchange markets are also environments where arbitrage across assets is salient. Indeed, purchasing power parity, uncovered interest parity, and covered interest parity are all descriptions of arbitrage across currencies, goods, and interest-bearing assets. Thus a simple theory of cross-asset arbitrage predicts the bluered exchange rate well, while the dollar price of each asset is quite different from its fundamental. Triangular arbitrage, a fundamental aspect of exchange rate theory, holds in these data, while a simple notion of inter-temporal arbitrage is soundly refuted.']
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['Chapter 30 Price Bubbles']
['This chapter reports the results of laboratory asset markets in which each trader receives an initial portfolio of cash and shares of a security with an earnings life of 15 trading periods. Each trader is free to trade shares of the security using double auction trading rules. At the end of the experiment, a sum equal to all dividends received on shares, plus initial cash plus capital gains minus capital losses is paid in U.S. currency to the trader. The baseline experiments have individual traders endowed with different initial portfolios. A common characteristic of first-period trading is that buyers tend to be those with low share endowments, while sellers are those with relatively high share endowments. This suggests that risk-averse traders might be using the market to acquire more balanced portfolios. If liquidity preference accounts for the low initial prices, which in turn lead to expectations of price increases, then making the initial trader endowments equal across subjects would tend to dampen bubbles.']
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['Chapter 27 Off-floor Trading, Market Disintegration and Price Volatility in Bid/Ask Markets']
["This study was commissioned by a futures market Exchange firm plagued by members' trading off-floor in strict violation of the Exchange's rules requiring transactions to be made on the Exchange floor during trading hours in the assigned trading areas. Any violation of these rules is a major offense, and penalties have been and are levied on violators. Although violators are often discovered and penalized, the prohibition itself assures that there exists no systematic field data from the Exchange that can help inform the circumstances that produce off-floor trading. Hence, experimental evidence is the only feasible source of relevant observations. Exchange officials conjectured that the bid/ask spread in pit trading was sufficiently wide to provide an incentive for both parties to trade inside the spread at savings to each that justified this risk. This would be especially applicable to traders who knew each other well, and each was comfortable with the trustworthiness of their trading partner."]
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['Chapter 26 Principles of Market Adjustment and Stability']
['First, market prices can exhibit the type of instability predicted by classical dynamic models. Second, the conditions under which instability is observed are not captured by the cobweb model but such conditions are captured by models of the form developed by Marshall and Walras in which the market has perversely shaped curves, such as an upward-sloped demand or downward-sloped supply. Third, the appropriate model, Marshall or Walras, depends on properties of the underlying demand and supply. If the special shape is due to the existence of an externality such as a fad or a Marshallian external economy, then experiments have demonstrated that the Marshallian model is the appropriate model. If the special shape is due to income effects, then the appropriate model is the Walrasian model and not the Marshallian model. That is, if the special shape is due to income effects such as Giffen goods or a backward-bending supply of labor, then the Walrasian model reflects the appropriate principles. In summary, the mystery of the price discovery process is solved, in part, by classical models of adjustment.']
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['Chapter 24 Non-Convexities, Economies of Scale, Natural Monopoly and Monopolistic Competition']
['The classical discussion of the consequences of non-convexities took a new form as principles of game theory became joined with the structural features of large economies of scale. New models suggest that the threat of competition, as opposed to the existence of an actual competitor, serve to control monopolistic practices. The issues found in the literature explore and debate both the basic behavioral principles that might be at work as well as the application of those principles in particular situations. Sellers made private decisions about which of the two markets to enter. If the market with scale economies was chosen, then the seller chose three variables: the scale of plant that would be operated, the price to be posted and the maximum quantity to be offered. All decisions were made public simultaneously. After decisions were made public, sellers had the option of reducing their maximum quantity sold to zero.']
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['Chapter 22 Predatory Pricing: Rare Like a Unicorn?']
['Despite the discovery of predatory intent in several widely cited antitrust cases, many industrial organization economists have argued that predatory pricing is irrational and rarely observed. The argument is that pricing below cost in order to drive competitors out of the market will be irrational for two reasons: (1) there are more profitable ways (e.g., acquisitions) to eliminate competitors, and (2) future price increases will result in new entry. Decisions in antitrust cases have often resulted from documented predatory intent, which is sometimes attributed to an irrational motive for management to eliminate rivals. In the absence of a smoking gun, arguments turn on AreedaTurner cost-based tests, which are difficult to apply given the multi-product nature of most business operations. For these reasons, the issue of predatory pricing is a natural topic for laboratory studies where costs are induced directly.']
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['Chapter 21 The Effects of Collusion in Laboratory Experiments']
['Even when markets seem to alternate between collusive and non-collusive phases, the price differences are difficult to interpret since a breakdown in collusion may be caused by a demand decrease that would have reduced prices in any case. This makes the laboratory an ideal setting to study factors that facilitate or hinder illegal price fixing. The main result from the experimental economics literature is that the market trading institutions are crucial in determining whether or not collusion will be successful in raising prices above competitive levels. This chapter examined the effects of seller discussions between rounds of a continuous double auction. In particular, the sellers were allowed to come together to a corner of one of the rooms and confer after the close of one trading period and before the start of another. Attempts to collude were as ineffective as they were inevitable. The problem is that each seller has a strong private incentive to defect and lower the asking price during the course of the double auction trading .']
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['Chapter 20 Price Signaling and “Cheap Talk” in Laboratory Posted Offer Markets']
['This chapter focuses on identifying the marginal impact of price signaling, holding all other environmental and institutional factors constant. Although price signaling often increases transaction prices, this increase is very often temporary. Equilibrium behavior may be unaffected by non-binding price signaling in many environments. Price increases due to price signaling are more likely when sellers compete in multiple markets. Conspiracies are more successful when a subset of sellers forego short term gains by repeatedly offering supercompetitive prices. The market impact of price signaling depends on the signaling language available to sellers. Very restrictive language (e.g., one price proposal by one seller per period) does not have a lasting impact on prices. By contrast, multiple-round structured signaling in which many sellers per period can propose price changes with specific responses required of other sellers can generate persistently higher prices compared to free form price signaling.']
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['Chapter 19 Experiments in Decentralized Monopoly Restraint']
['This chapter focuses on laboratory experimental examinations of a particular class of institutions, policies or mechanisms of monopoly control. These are mechanisms which take the existence of a monopoly as a given and ask how might the abuses of monopoly be controlled in a decentralized manner. The most prevalent form of monopoly control in the United States for many decades was cost-based rate of return regulation. The academic and practitioner critics of rate of return regulation were numerous. In general, the arguments were that the incentives in the rate of return regulatory process itself led to distortions relative to standard measures of efficiency. This chapter focuses exclusively on experiments that do more than simply reform centralized price regulation, that is, we examine decentralized forms of monopoly control.']
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['Experiment', 'Wirtschaftswissenschaften', 'Wirtschaftsforschung', 'Methodologie', 'Experimentelle Wirtschaftsforschung']
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['Chapter 17 The Exercise of Market Power in Laboratory Experiments']
["Many aspects of antitrust policy are influenced by the possibility that sellers in concentrated markets may have the power to raise prices above competitive levels. Of course, anyone can raise prices, so the issue is whether a change in structure, e.g., a merger, will allow one or more sellers to raise price profitably. A price increase by one seller diverts sales to others, so a firm is more likely to have market power when its competitors have limited capacity to expand their sales. Thus a merger that reduces competitors' capacity may create market power. Market power can also be sensitive to the trading institution, and this is the context that power issues first arose in experimental economics. Relatively high prices in posted-offer auctions are not surprising, since experimental economists have long noticed that prices in such markets tend to be above competitive levels, and will converge from above if they converge at all."]
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3A183163340X.jsonld
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['Chapter 12 The Walrasian Auction']
['This chapter examines the robustness of his results in a more general multi-unit per subject setting and systematically investigates the effect of various order flow information and message restriction rules on the performance of the Walrasian auction. This experimental environment allows us to assess the performance of the Walrasian auction where participants have multiple units and where relative competitiveness is variable period to period. This chapter also presents Walrasian auction design and computerized implementation. The chapter presents the mean efficiency and competitive price deviation in the later periods of the experiments. There is no significant difference in efficiency and price between the oral and computerized treatments. The chapter show that the supply and demand match is not correct, and suggests the presence of significant underrevelation on both sides of the market: if either side underreveals to gain an advantage, the other side underreveals to neutralize that advantage.']
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['Experiment', 'Wirtschaftswissenschaften', 'Wirtschaftsforschung', 'Methodologie', 'Experimentelle Wirtschaftsforschung']
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['Chapter 11 First Price Independent Private Values Auctions']
["The first price sealed bid auction is the market institution in which the high bidder acquires ownership of the auctioned item and pays a price equal to the amount of the highest bid. This market institution is distinguished from the second price sealed bid auction in which the high bidder obtains the auctioned item and pays an amount equal to the second highest bid. Bids in sealed bid auctions are often literally sealed in envelopes but need not be; the essential distinction is from a real time auction in which the time at which bids are submitted during the auction is an essential feature of the market institution. This chapter presents experimental tests, using independent private values, of the consistency of bidding behavior in the first price auction with three nested Nash equilibrium bidding models. The reported tests have various implications for the three nested models. Depending on which test is used, data for only 010 of the subjects are consistent with the risk neutral model. This conclusion is the same regardless of whether one conducts the tests with market prices, individual subjects' bids and values, or subjects' expected foregone earnings. Tests with individual subjects' bids and values indicate that data for about 48 of the subjects are consistent with the constant relative risk averse model and data for almost all subjects are consistent with the log-concave model."]
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3A1831633426.jsonld
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['Chapter 10 Strategy-Proof Equilibrium Behavior in Two-Sided Auctions']
['The experimental evidence from three prominent auction trading institutions: (1) the continuous double auction, (2) the uniform-price sealed bid-offer auction, and (3) the uniform-price double auction (with continuous feedback of real time information on the acceptance status of bids and offers), shows that subjects are able to work out a behavioral equilibrium which is strategy-proof. In institutions (2) and (3) this is achieved by a groping process which (a) approximates the competitive equilibrium, and (b) produces a large number of bids and offers that are tied, or nearly tied. Impossibility theorems provide important insight as to why the above two-sided mechanisms have difficulty achieving perfection, but they do not address the question as to why such field mechanisms, when studied in the laboratory, perform so well in fact surprisingly well given the theorems and the fact that we observe massive underrevelation in the experiments.']
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3A1831633442.jsonld
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['Chapter 8 Simulated and Real Buyers in Posted Offer Markets']
['This chapter uses the data from three previously published studies to examine the effect of real versus simulated buyers on laboratory outcomes. Real buyers can and occasionally do trategically deviate from full demand revelation. Further, the threat of strategic behavior appears to temper the pricing decisions by sellers. The chapter presents the experimental design and a discussion of demand withholding as a buyer strategy. The chapter concludes by providing results and discussion.']
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['Chapter 7 Mixed Strategy Nash Equilibrium Predictions as a Means of Organizing Behavior in Posted-Offer Market Experiments']
['Market power arises in many posted-offer markets and drives a distinction between the competitive prediction and the Nash equilibrium for the market viewed as a stage game. Pricing patterns in such markets tend to be characterized by Edgeworth cycles that deteriorate as the sessions progress. The amplitude and frequency of the cycles are sensitive to design and procedural details, and vary considerably from experiment to experiment. Although persistent serial correlation in pricing proscribe any direct test of static Nash mixing predictions, rough correspondence between the central moments of predicted and observed densities has been observed in a variety of different instances. However, the persistent and very prominent deviations observed in an asymmetric design suggests that Nash mixing predictions do not uniformly organize behavior well. The circumstances under which mixing predictions may organize outcomes well merits further investigation.']
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3A1831633507.jsonld
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['Chapter 2 From Market Jaws to the Newton Method: The Geometry of How a Market Can Solve Systems of Equations']
['This chapter focuses on the geometry of how a market can solve systems of equations from market jaws to the newton method. Since market equilibrium can be interpreted as a solution to a system of equations, price discovery, as it called in the language of market makers, can be viewed as having found the solution. Of course the information needed to even formulate the equations does not exist in one place so the idea that markets are searching for the solution to a system of equations as a numerical process would search, cannot be taken literally. The empirical foundation for jaws can be found in many forms. When markets are on the way up the number of bids typically exceeds the number of asks. When markets are on the way down, the number of asks typically exceeds the number of bids. This is exactly the concept of pushing referred to Plott.']
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['Chapter 1 Properties of Disequilibrium Adjustment in Double Auction Markets']
['The tendency of double auction markets to converge to the equilibrium of the associated competitive equilibrium model is well known, but the equilibration process is not understood. The reason for adjustment and the processes that are actively involved with the adjustment process are still a mystery. However, the study of many markets reported over the years by many different research groups have provided some properties of disequilibria and the dynamics of the adjustment process. Double auction markets have properties that are closely associated with certain institutional and environmental features and have been studied extensively. First, there is a period structure to the markets: an open and a close. Second, major changes, such as parameter changes, occur between the close of one period and the open of the next and this fact is public information. That is, parameter changes do not occur during a period. Third, the commodity traded is like a service that does not have a life of over one period. Redemption values and costs are active for only one period at a time. If the commodity does have a time lifelike a securityit will systematically change its value between periods, such as a dividend that is paid at the end of a period. This chapter does not specifically explores the dynamics of adjustment that occur in other market structures, the properties listed in the chapter are characteristic of the asset markets that have been studied: speculative markets and economies characterized by overlapping generations.']
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['Subject Index of Volume 2']
['This chapter lists the important subjects that are discussed in Volume 2 of Handbook of the Economics of Giving, Altruism and Reciprocity , such as access to land, common pool, giving clubs, economic inequality, transfers, money supply, public education, and others. The terms are mentioned along with the page numbers on which they have appeared in the publication.']
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['Chapter 25 The political economy of intergenerational cooperation']
["This chapter examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. The contributions reviewed come from branches of economics as far apart as household economics and political economy, and encompass both the normative and the positive branch of public economics. Section 2 establishes a normative framework. Sections 3 and 4 examine the properties of the laissez-faire solution in a pure market economy, and in one where reproductive decisions and intra-family transfers are constrained by self-enforcing family constitutions. Section 5 introduces the state, and shows that first and second-best policy include a pension and a child benefit scheme. Section 6 rexamines the same issues in the presence of educational investment. Section 7 introduces uncertainty and asymmetrical information, and shows that second-best public transfers to families are conditional on number of children, and on some measure of the children's success in adult life. Section 8 looks at the possibility that intergenerational redistribution might be supported by some kind of political equilibrium. One type of model looks at the possibility of a self-enforcing constitution governing intergenerational transfers at societal rather than family level. Another type of model looks for voting equilibria in direct, and in representative democracies."]
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['Chapter 24 Selfishness, altruism and normative principles in the economic analysis of social transfers']
["This chapter examines the role of altruistic motives in the economic analysis of public social transfers, both from a positive and from a normative point of view. The positive question is to know whether we can fully neglect altruistic considerations to explain the development or sustainability of these transfers. Such is the implicit ambition of efficiency theories of the Welfare State. However, while these theories may be suited for explaining the development of public insurance or life-cycle transfers, they rapidly reach their limits when we try to explain more redistributive dimensions of social transfers. At the other extreme, descriptions of social transfers as systems of extended insurance (behind the veil of ignorance) implicitly do as if individuals were ready to completely abstract from their real world situations, and this can be analyzed as an extreme form of altruism. Actual motivations for support of social transfers certainly lay somewhere in between, i.e., a mix of well-understood selfishness and partial altruism. This explains why these systems can redistribute more than explained by pure efficiency motives, but less than what would be predicted under the extended insurance hypothesis. One additional limit to redistribution is the fact that even very altruistic agents can deliberately reduce its scope because of its potential disincentive effects. The second part of the chapter examines normative considerations which seem relevant to the evaluation of systems of social transfers. In particular, the idea of extended insurance has paradoxical implications in some circumstances, because of its structural similarity to utilitarianism. Therefore it appears useful to look for other normative theories, such as inequality-averse social welfare functions or fairness criteria. It is shown how both approaches can be useful in the study of second-best solutions under incentive constraints. The chapter ends with a critical examination of the incorporation of individuals' altruistic feelings in social welfare functions."]
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['Chapter 21 Altruism, reciprocity and cooperation in the workplace']
["This paper surveys economic models where cooperation arises in the workplace because individuals' utility functions involve a concern for others (altruism) or a desire to respond to like with like (reciprocity). It also discusses empirical evidence which bears on the relevance of these theories. The paper considers separately the feelings employees have for their employers or their supervisors, those that employees have for others that occupy similar positions as themselves and the feelings of supervisors towards their subordinates. Altruism appears to play a role in the last two settings while reciprocity seems useful to explain the way employees react to employer actions which the employees regard as unfair."]
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['Chapter 20 The Economics of organ transplantation']
['In the U.S. and Europe, a ban on a market in human organs has been in place since 1984. The system of organ procurement, therefore, relies on altruistic donation from stranger to stranger. The principle intellectual and policy issues surrounding organ procurement concern the question of whether, in banning the market to further ethical objectives, efficiency must inevitably be sacrificed. In the 1970s, Titmuss questioned whether a market could supply high quality blood in sufficient quantity, and this issue attracted the attention of some of the best minds in economics, such as Arrow and Solow. Since then, a large-scale industry relying on human tissue as a basic resource has emerged. In 2000, nearly 50 000 organs were transplanted. Remarkably, all of them were procured without providing financial incentives to suppliers. Despite the large number of donations, many more are needed. Today, more than 95 000 people are waiting for kidneys alone, and it is estimated that, in 2001, over 6000 Americans died waiting for an organ. Many believe that a market in organs would yield a greater supply and they hold the policy of banning an organ market responsible for the current tragic shortages. This chapter reviews the economic theory and evidence regarding market bans and considers them in the context of organ procurement.']
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['Chapter 19 Donative nonprofit organizations']
['In this chapter, we explore why donations are made to nonprofit organizations instead of other institutions or directly to recipients; how such nonprofit organizations behave; and what is the appropriate public policy toward subsidizing and regulating these entities. We focus on donative nonprofits—organizations precluded from distributing their surplus revenues to those in control that receive resources in the forms of donated time and money and tend to provide private pure, distributional, or excludable public goods. First, we discuss the definition of a private nonprofit organization and delineate some immediate corollaries and consequences of that definition. Next, we summarize the dimensions of the nonprofit sector—size, scope, and revenue mix—for various countries around the world. Third, we discuss various models of the role and behavior of donative nonprofit organizations. Finally, we discuss some specific behaviors of nonprofit organizations—the ways in which they conduct fundraising campaigns, set prices, employ labor, and use capital. The discussion of models of donative nonprofits forms the heart of our paper, and is organized as follows. First, we show that agency problems between donors (as principals) and charitable service-providing organizations (as agents) result whenever the latter are employed to provide public goods. If the organization is constrained against the distribution of profits, this agency problem is resolved. Second, we argue that a three-stage game is the most natural way to model the choices of intermediaries and donors. In this game, an intermediary makes a seed donation, collects donations from others, then can add to (but not subtract from) the total donated in previous stages. Third, we detail the choice the founding entrepreneur makes between organizing as a nonprofit or a for-profit organization, showing that it can be individually rational for the entrepreneur to constrain his future ability to distribute profits. Fourth, we show how commercial activities alter entrepreneurial decisions. Fifth, we discuss nonprofits that provide excludable public goods, such as those in the arts. Sixth, we discuss sorting of entrepreneurial types across sectors and industries. Seventh, we consider multiple public goods, which may be provided by a single or separate organizations, and the passthrough intermediaries that may support them. Eighth, we delineate a variety of internal agency problems and the ways in which nonprofit organizations cope with them. The final subsection looks at models of long-run equilibrium.']
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