This paper addresses the problem of division of labour as an evolutionary process in which co-ordinated agents attempt problem-solving as a search in problem space. Co-ordination stress and learning trigger adaptation but as complexity rises radical solutions are sought prompting radical organisational as well as technological change. The analytical issues involved are further explored by resor...

We have first demonstrated that Debreu’s view regarding the publication of The Theory of Games and Economic Behavior by von Neumann and Morgenstern in 1944 as the birth of modern mathematical economics is not convincing. In this paper, we have proposed the hypothesis that the coordinated research programs in the 1930’s, initiated by the Econometric Society and the Cowles Commission for Research...

Ambiguity preferences are important to explain human decision-making in many areas in economics and finance. To measure individual ambiguity preferences, the experimental economics literature advocates using incentivized laboratory experiments. Yet, laboratory experiments are costly and require a lot of time and administrative effort. This study develops an ambiguity preference survey module th...

Selim Jürgen Ergun, Teresa García-Muñoz, M. Fernanda Rivas METU NCC Economics Program and GLOBE Departamento de Métodos Cuantitativos para la Economía y la Empresa and GLOBE Universidad de Granada ABSTRACT This paper reviews the experimental economics literature on gender differences concerning four subjects: risk aversion, trust, deception and leadership. The vast majority of the articles we h...

This paper addresses a recent criticism of experimental economics, by Levitt and List [2007ab, 2008], that lab experimental findings may not generalize to field settings. We argue against the criticism in three ways. First, experimental economics seeks to establish a general theory linking economic factors, such as incentives, rules, and norms, to behavior. Hence, generalizability from the lab ...

The paper is an account of the development of laboratory experimental methods in the early 1970s as influenced by the fields of Public Choice and Social Choice. Just a few key experiments conducted during a period when no experimental markets research was taking place, provide a bridge with the subsequent, rapid, growth of experimental economics. A new focus on public goods and externalities, a...

We experimentally test a repeated veto game: in each of an in…nite number of periods, Nature generates a pair of payo¤s, one for each player. Although the sum of the players’payo¤s is positive, one of the players may receive a negative payo¤. Players simultaneously decide whether to approve such a proposal. If either of the players vetoes the proposal, both players get zero; otherwise, they rec...

Ambiguity preferences are important to explain human decision-making in many areas in economics and finance. To measure individual ambiguity preferences, the experimental economics literature advocates using incentivized laboratory experiments. Yet, laboratory experiments are costly and require a lot of time and administrative effort. This study develops an ambiguity preference survey module th...