The purpose of this paper is to provide a tutorial of data analysis methods for answering questions that arise in analyzing data from wine-tasting events: (i) measuring agreement of two judges and its extension tom judges; (ii) making comparisons of judges across years; (iii) comparing two wines; (iv) designing tasting procedures to reduce burden of multiple tastings; (v) ranking of judges; and...

In a laboratory experiment with salient rewards, subjects were endowed with money and waiting time. Preferences for waiting time were elicited both as a private good by means of a series of second price auctions, i.e., in a non-induced values framework, and as a public good in the scope of a voluntary contribution game. Our data supports the Lindahl equilibrium as a descriptive model of behavio...

We present results from an experiment based on Hafalir and Krishna’s (2008) model of auctions with resale. As predicted weak bidders bid more with resale than without and resale raises average auction prices. When the equilibrium calls for weak types to bid higher than their values with resale they do so, but not nearly as much as the theory predicts. When the equilibrium calls for weak bidders...

s This paper reports laboratory experiments comparing arbitration behavior between and across two developed countries with extensive trade relations, the United States and Japan. Besides comparing domestic disputes in both locations, we evaluate disputes between the two countries. While we find nominal differences between the US and Japan, we observe significant changes in both cultures when fa...

We take advantage of a naturally occurring experiment in a television game show to study the impact of group characteristics on their ability to select salient solutions in a matching game. The Family Feud features families seeking to earn prizes by matching the results of public opinion surveys on various subjects. Our main result is that, controlling for task difficulty, families that are mor...

The notion of contracts as reference points provides the basis for a deeper understanding of important phenomena such as the employment contract, vertical integration, firm scope, authority, and delegation. Previous experiments lend support to this notion but they ignore realistic aspects of trading relationships such as informal agreements and ex-post renegotiation or revision. Here we show th...

Atmospheric data such as temperature, moisture, winds, etc., collected by satellites and direct measuements from upper-air instruments, ground observation stations provide only partial information about the atmosphere. They are assimilated to numerical forecasts to provide a coherent, evolving state of the global atmosphere. The data analysis system, the Physical-space Statistical Analysis Syst...

Program transformations and algorithm modiications are discussed that reduce execution time for iterative methods for solving partial diierential equations on high-performance computers. Techniques typically associated with parallel computers turn out to be essential to obtain optimal performance on current superscalar uniprocessors. The tested programs were written in Fortran77 and run on a si...

Hyperinflation results from the creation and injection of fiat money into the economy. Using laboratory methods, this paper examines conditions under which fiat money can serve as a medium of exchange in a finite horizon economy while the government is active in the markets for goods. Consistent with the rational expectations hypothesis, issuing new fiat currency does not stabilize a hyperinfla...