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Belief and higher‐order belief in the centipede games: An experimental investigation 蜈蚣游戏中的信念和高阶信念:一项实验研究
IF 1.5 4区 经济学
Pacific Economic Review Pub Date : 2022-07-10 DOI: 10.1111/1468-0106.12404
Yun Wang
{"title":"Belief and\u0000 higher‐order\u0000 belief in the centipede games: An experimental investigation","authors":"Yun Wang","doi":"10.1111/1468-0106.12404","DOIUrl":"https://doi.org/10.1111/1468-0106.12404","url":null,"abstract":"This paper experimentally explores epistemic conditions behind the subgame perfect equilibrium (SPNE) of centipede games. We propose a novel design of laboratory experiment to elicit subjects’ beliefs regarding their opponents’ strategies and 1st-order beliefs. The measured beliefs, together with the choice data, help us to estimate each subject’s level of rationality, belief of rationality, and 2nd-order belief of rationality. We consider two experimental treatments: the classic centipede game in which an efficient non-equilibrium outcome exists, and its constant-sum variation. Data shows that, in the classic centipede treatment, fewer subjects behave rationally; meanwhile, subjects are less likely to believe in their opponents’ rationality and belief of rationality. Furthermore, in the constant-sum centipede treatment, there is a non-trivial portion of subjects who behave rationally, believe in others’ rationality, and hold 2nd-order belief of rationality. Our results indicate that the efficiency property of the classic centipede game may lead to subjects’ non-equilibrium behavior by diffusing their beliefs and higher-order beliefs.","PeriodicalId":46516,"journal":{"name":"Pacific Economic Review","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2022-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47663231","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Gender wage penalty in parenthood: A comparative study of South Korea and Japan 为人父母的性别工资惩罚：韩国和日本的比较研究
IF 1.5 4区 经济学
Pacific Economic Review Pub Date : 2022-07-07 DOI: 10.1111/1468-0106.12397
Hanna Jung
{"title":"Gender wage penalty in parenthood: A comparative study of South Korea and Japan","authors":"Hanna Jung","doi":"10.1111/1468-0106.12397","DOIUrl":"https://doi.org/10.1111/1468-0106.12397","url":null,"abstract":"","PeriodicalId":46516,"journal":{"name":"Pacific Economic Review","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2022-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44929075","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Ancestral relatedness and visits between national leaders: Evidence from China † 祖先亲缘关系与国家领导人互访:来自中国的证据†
IF 1.5 4区 经济学
Pacific Economic Review Pub Date : 2022-07-02 DOI: 10.1111/1468-0106.12402
Jiaqiang Yan, Yonghong Zhou
{"title":"Ancestral relatedness and visits between national leaders: Evidence from China\u0000 †","authors":"Jiaqiang Yan, Yonghong Zhou","doi":"10.1111/1468-0106.12402","DOIUrl":"https://doi.org/10.1111/1468-0106.12402","url":null,"abstract":"","PeriodicalId":46516,"journal":{"name":"Pacific Economic Review","volume":"1 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2022-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41393553","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The effect of financial knowledge on asset allocation for Chinese households 金融知识对中国家庭资产配置的影响
IF 1.5 4区 经济学
Pacific Economic Review Pub Date : 2022-04-12 DOI: 10.1111/1468-0106.12390
T. Yang, Pi‐Han Tsai, Tsun‐Feng Chiang
{"title":"The effect of financial knowledge on asset allocation for Chinese households","authors":"T. Yang, Pi‐Han Tsai, Tsun‐Feng Chiang","doi":"10.1111/1468-0106.12390","DOIUrl":"https://doi.org/10.1111/1468-0106.12390","url":null,"abstract":"","PeriodicalId":46516,"journal":{"name":"Pacific Economic Review","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2022-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42435651","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
How competitive is the Syrian banking sector? Empirical evidence from ‘pre/post’ war Syria 叙利亚银行业的竞争力如何？“战前/战后”叙利亚的经验证据
IF 1.5 4区 经济学
Pacific Economic Review Pub Date : 2022-04-10 DOI: 10.1111/1468-0106.12386
Mazen Mohamd Diwani
{"title":"How competitive is the Syrian banking sector? Empirical evidence from ‘pre/post’ war Syria","authors":"Mazen Mohamd Diwani","doi":"10.1111/1468-0106.12386","DOIUrl":"https://doi.org/10.1111/1468-0106.12386","url":null,"abstract":"","PeriodicalId":46516,"journal":{"name":"Pacific Economic Review","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2022-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42267858","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The market distortion effects of mortgage tightening and transaction taxes: Evidence from Hong Kong residential resale market 抵押贷款收紧与交易税的市场扭曲效应——来自香港住宅转售市场的证据
IF 1.5 4区 经济学
Pacific Economic Review Pub Date : 2022-04-05 DOI: 10.1111/1468-0106.12389
L. Ho, Mengna Hu, Xiangdong Wei, G. Wong
{"title":"The market distortion effects of mortgage tightening and transaction taxes: Evidence from Hong Kong residential resale market","authors":"L. Ho, Mengna Hu, Xiangdong Wei, G. Wong","doi":"10.1111/1468-0106.12389","DOIUrl":"https://doi.org/10.1111/1468-0106.12389","url":null,"abstract":"","PeriodicalId":46516,"journal":{"name":"Pacific Economic Review","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2022-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44141951","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Does fiscal decentralization affect local governments' strategic behaviours? Evidence from South Korea 财政分权是否会影响地方政府的战略行为？来自韩国的证据
IF 1.5 4区 经济学
Pacific Economic Review Pub Date : 2022-03-28 DOI: 10.1111/1468-0106.12388
Soyoung Q. Park, Sungchan Kim
{"title":"Does fiscal decentralization affect local governments' strategic behaviours? Evidence from South Korea","authors":"Soyoung Q. Park, Sungchan Kim","doi":"10.1111/1468-0106.12388","DOIUrl":"https://doi.org/10.1111/1468-0106.12388","url":null,"abstract":"","PeriodicalId":46516,"journal":{"name":"Pacific Economic Review","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2022-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47981879","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
China's efficient urban bias 中国的有效城市偏见
IF 1.5 4区 经济学
Pacific Economic Review Pub Date : 2022-03-24 DOI: 10.1111/1468-0106.12385
Peter Rangazas, Xiaobing Wang, Yuxiang Zou
{"title":"China's efficient urban bias","authors":"Peter Rangazas, Xiaobing Wang, Yuxiang Zou","doi":"10.1111/1468-0106.12385","DOIUrl":"https://doi.org/10.1111/1468-0106.12385","url":null,"abstract":"","PeriodicalId":46516,"journal":{"name":"Pacific Economic Review","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2022-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45420833","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Effects of tax benefits on the price elasticity of charitable contributions in South Korea 税收优惠对韩国慈善捐赠价格弹性的影响
IF 1.5 4区 经济学
Pacific Economic Review Pub Date : 2022-03-21 DOI: 10.1111/1468-0106.12387
Youngrok Kim
{"title":"Effects of tax benefits on the price elasticity of charitable contributions in South Korea","authors":"Youngrok Kim","doi":"10.1111/1468-0106.12387","DOIUrl":"https://doi.org/10.1111/1468-0106.12387","url":null,"abstract":"","PeriodicalId":46516,"journal":{"name":"Pacific Economic Review","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2022-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45892099","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Issue Information 问题信息
IF 1.5 4区 经济学
Pacific Economic Review Pub Date : 2022-02-01 DOI: 10.1111/1468-0106.12361
{"title":"Issue Information","authors":"","doi":"10.1111/1468-0106.12361","DOIUrl":"https://doi.org/10.1111/1468-0106.12361","url":null,"abstract":"","PeriodicalId":46516,"journal":{"name":"Pacific Economic Review","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2022-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46035764","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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