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Ernst Fehr
Ernst Fehr (born 21 June 1956 in Hard, Austria) is an Austrian-Swiss behavioral economist and neuroeconomist and a Professor of Microeconomics and Experimental Economic Research, as well as the vice chairman of the Department of Economics at the University of Zürich, Switzerland. His research covers the areas of the evolution of human cooperation and sociality, in particular fairness, reciprocity and bounded rationality. He is also well known for his important contributions to the new field of neuroeconomics, as well as to behavioral economics, behavioral finance and experimental economics. According to IDEAS/REPEC, he is the second-most influential German-speaking economist, and is ranked at 86th globally. In 2010 Ernst Fehr founded, together with his brother, Gerhard Fehr, FehrAdvice & Partners, the first globally operating consultancy firm completely dedicated to behavioral economics. In 2016, Fehr was ranked as the most influential economist in Germany, Austria, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hard, Austria
Hard is a town in the west of the westernmost Austrian state of Vorarlberg, directly on the southern shores of Lake Constance. Hard's attractions include the Strandbad and the Grünerdamm. Hard is also known for its skatepark. An honorary consulate of Brazil is located in Hard. Population Geography Hard has an area of 17.46 km² (6.75 sq mi). Hard is also located between the two rivers Bregenzer Ach and Rhine, and borders on the provincial capital Bregenz. History In the 7th century, Alemanni settled near Mittelweiherburg. Near Lake Constance, around the year 1200, large parts of the woods were cleared to build a village: Hard (Old High German for "forest"). The community of Hard was first mentioned in a charter from Pope Innocent IV to the monastery of Mehrerau in 1249. In 1794, Samuel Vogel from Alsace opened the first Hard textile factory. In 1802, the "Allmenden" (common grounds) were suspended, resulting in private fields, pastures and forests. In 1997, the te ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Experimental Economics
Experimental economics is the application of experimental methods to study economic questions. Data collected in experiments are used to estimate effect size, test the validity of economic theories, and illuminate market mechanisms. Economic experiments usually use cash to motivate subjects, in order to mimic real-world incentives. Experiments are used to help understand how and why markets and other exchange systems function as they do. Experimental economics have also expanded to understand institutions and the law (experimental law and economics). A fundamental aspect of the subject is design of experiments. Experiments may be conducted in the field or in laboratory settings, whether of individual or group behavior. Variants of the subject outside such formal confines include natural and quasi-natural experiments. Experimental topics One can loosely classify economic experiments using the following topics: * Markets * Games * Evolutionary game theory * Decision making * Barg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dictator Game
The dictator game is a popular experimental instrument in social psychology and economics, a derivative of the ultimatum game. The term "game" is a misnomer because it captures a decision by a single player: to send money to another or not. Thus, the dictator has the most power and holds the preferred position in this “game.” Although the “dictator” has the most power and presents a take it or leave it offer, the game has mixed results based on different behavioral attributes. The results – where most "dictators" choose to send money – evidence the role of fairness and norms in economic behavior, and undermine the assumption of narrow self-interest when given the opportunity to maximise one's own profits. Description The dictator game is a derivative of the ultimatum game, in which one player (the proposer) provides a one-time offer to the other (the responder). The responder can choose to either accept or reject the proposer's bid, but rejecting the bid would result in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Dismal Science
The dismal science is a derogatory term for the discipline of economics. Scottish essayist, historian and philosopher Thomas Carlyle used the phrase in his 1849 essay, ''Occasional Discourse on the Negro Question'', in contrast with the then-familiar phrase "gay science" used to refer to the art of troubadours. Origin The phrase "the dismal science" first occurs in Thomas Carlyle's 1849 tract, "Occasional Discourse on the Negro Question", in which he argued in favor of reintroducing slavery in order to restore productivity to the West Indies: "Not a 'gay science', I should say, like some we have heard of; no, a dreary, desolate and, indeed, quite abject and distressing one; what we might call, by way of eminence, the ''dismal science''." Economics was "dismal" in "find ngthe secret of this Universe in 'supply and demand', and reducing the duty of human governors to that of letting men alone" or personal freedom. Instead, the "idle Black man in the West Indies" should be "''compel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Urs Fischbacher
Urs Fischbacher (born 17 September 1959 in Dietikon, Zürich) is a Swiss economist and professor of applied economic research at the University of Konstanz. He is director of the Thurgau Economic Institute, an affiliated institute of the University of Konstanz. He pioneered the field of software tools for experimental economics. Biography A native of Dietikon ( Switzerland), Urs Fischbacher studied mathematics at the University of Zurich from 1978 to 1985, earning a doctoral degree under Prof. Dr. Pierre Gabriel with a thesis on the combinatorics of algebras with finite ideals. Thereafter, Fischbacher worked as a software developer in the private sector for Mettler Instrumente (1985–87) and Mecasoft AG (1987-81) before becoming a researcher at the Swiss Federal Institute WSL. In 1995, Fischbacher began working at the Institute for Empirical Research in Economics on the development of z-Tree, a programming language for the implementation of scientific laboratory experiments t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Economic Association
The American Economic Association (AEA) is a learned society in the field of economics. It publishes several peer-reviewed journals acknowledged in business and academia. There are some 23,000 members. History and Constitution The AEA was established in 1885 in Saratoga Springs, New York by younger progressive economists trained in the German historical school, including Richard T. Ely, Edwin Robert Anderson Seligman and Katharine Coman, the only woman co-founder; since 1900 it has been under the control of academics. The purposes of the Association are: 1) The encouragement of economic research, especially the historical and statistical study of the actual conditions of industrial life; 2) The issue of publications on economic subjects; 3) The encouragement of perfect freedom of economic discussion. The Association as such will take no partisan attitude, nor will it commit its members to any position on practical economic questions. The Association publishes one of the most pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Graz
The University of Graz (german: link=no, Karl-Franzens-Universität Graz, ), located in Graz, Austria, is the largest and oldest university in Styria, as well as the second-largest and second-oldest university in Austria. History The university was founded in 1585 by Archduke Charles II of Austria. The bull of 1 January 1586, published on 15 April 1586, was approved by Pope Sixtus V. For most of its existence it was controlled by the Catholic Church, and was closed in 1782 by Emperor Joseph II in an attempt to gain state control over educational institutions. Joseph II transformed it into a ''lyceum'', where civil servants and medical personnel were trained. In 1827 it was re-instituted as a university by Emperor Francis I, thus gaining the name ''Karl-Franzens-Universität'', meaning ''Charles Francis University''. Over 30,000 students are currently enrolled at the university. Academics The university is divided into six faculties, the two largest are the Faculty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Massachusetts Institute Of Technology
The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the most prestigious and highly ranked academic institutions in the world. Founded in response to the increasing industrialization of the United States, MIT adopted a European polytechnic university model and stressed laboratory instruction in applied science and engineering. MIT is one of three private land grant universities in the United States, the others being Cornell University and Tuskegee University. The institute has an urban campus that extends more than a mile (1.6 km) alongside the Charles River, and encompasses a number of major off-campus facilities such as the MIT Lincoln Laboratory, the Bates Center, and the Haystack Observatory, as well as affiliated laboratories such as the Broad and Whitehead Institutes. , 98 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Academy Of Political And Social Sciences
The American Academy of Political and Social Science (AAPSS) was founded in 1889 to promote progress in the social sciences. Sparked by Professor Edmund J. James and drawing from members of the faculty of the University of Pennsylvania, Swarthmore College, and Bryn Mawr College, the Academy sought to establish communication between ''scientific thought and practical effort''. The goal of its founders was to foster, across disciplines, important questions in the realm of social sciences, and to promote the work of those whose research aimed to address important social problems. Today the AAPSS is headquartered at the Annenberg Public Policy Center at the University of Pennsylvania in Philadelphia and aims to offer interdisciplinary perspectives on important social issues. Establishment The primary modes of the Academy's communication were to be the bimonthly journal, ''The Annals'', annual meetings, symposia, and special publications. Difficult topics were not avoided. The 1901 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Academy Of Arts And Sciences
The American Academy of Arts and Sciences (abbreviation: AAA&S) is one of the oldest learned societies in the United States. It was founded in 1780 during the American Revolution by John Adams, John Hancock, James Bowdoin, Andrew Oliver, and other Founding Fathers of the United States. It is headquartered in Cambridge, Massachusetts. Membership in the academy is achieved through a thorough petition, review, and election process. The academy's quarterly journal, ''Dædalus'', is published by MIT Press on behalf of the academy. The academy also conducts multidisciplinary public policy research. History The Academy was established by the Massachusetts legislature on May 4, 1780, charted in order "to cultivate every art and science which may tend to advance the interest, honor, dignity, and happiness of a free, independent, and virtuous people." The sixty-two incorporating fellows represented varying interests and high standing in the political, professional, and commercial secto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gottlieb Duttweiler Prize
The Gottlieb Duttweiler Institute (GDI) is an independent think-tank and the oldest organisation of its kind in Switzerland. It is located in Rüschlikon, near Zurich. The GDI is located on the edge of the Park im Grüene. Established on 1 September 1963, the research institute was conceived by and named after the founder of Migros, Gottlieb Duttweiler. Taking his principle of ''"Focus on people and not on capital"'' as its starting point, the GDI researches and debates issues relating to the fields of consumption, trade and society, and current topics of relevance to business and society. It is owned by the "Im Grüene" Foundation, which is co-financed by Migros, Switzerland's largest retailer. Its research is published quarterly in the "GDI Impuls" magazine and published studies as well as the Gottfried Duttweiler Prize. Directors of the GDI *Jørgen Thygesen, Virum/Denmark (1963–1964) *Hans A. Pestalozzi, on an interim basis (1964–1966) *Hans A. Pestalozzi (1966– ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austrian Decoration For Science And Art
The Austrian Decoration for Science and Art (german: Österreichisches Ehrenzeichen für Wissenschaft und Kunst) is a state decoration of the Republic of Austria and forms part of the Austrian national honours system. History The "Austrian Decoration for Science and Art" was established by the National Council as an honour for scientific or artistic achievements by Federal Law of May 1955 ( Federal Law Gazette No. 96/1955 as amended BGBl I No 128/2001). At the same time, the National Council also established the "Austrian Cross of Honour for Science and Art", which is awarded as "Cross of Honour, First Class" (German: ''Ehrenkreuz 1. Klasse'') and "Cross of Honour" (German: ''Ehrenkreuz''). While not technically counted as lower classes of the Decoration for Science and Art, these crosses are nevertheless affiliated with it. Divisions Decoration for Science and Art The number of living recipients of the Decoration for Science and Art is limited to a maximum of 72 at any on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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