Economic Theory Commons^™

Ape 205, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Figures 1.1-1.16: Advanced political economy data charts [Chart packet on industrial production, investment, output, business cycles, prices, wages, unemployment, and projected U.S. and U.K. long waves]. (n.d.).
• The New School for Social Research. (2008, Spring). GECO 6205 Advanced Political Economy 2 attendance sheet [Completed course attendance record].
• Tran, L. (2008, February 7). Attendance policy [Faculty memorandum with Student Non-Attendance Form].
• Shaikh, A. (2000, September). The economic analysis of advanced capitalism I [Annotated Economics 204 / Advanced Political Economy I syllabus and reading outline].
• Shaikh, A. (2008, Spring). The economic analysis of advanced capitalism [Annotated Economics 205 / …

High Stakes Behavior With Low Payoffs: Inducing Preferences With Holt-Laury Gambles, John Dickhaut, Daniel Houser, Jason A. Aimone, Dorina Tila, Cathleen Johnson

ESI Working Papers

A continuing goal of experiments is to understand risky decisions when the decisions are important. Often a decision’s importance is related to the magnitude of the associated monetary stake. Khaneman and Tversky (1979) argue that risky decisions in high stakes environments can be informed using questionnaires with hypothetical choices (since subjects have no incentive to answer questions falsely.) However, results reported by Holt and Laury (2002, henceforth HL), as well as replications by Harrison (2005) suggest that decisions in “high” monetary payoff environments are not well-predicted by questionnaire responses. Thus, a potential implication of the HL results is that studying …

Generating Ambiguity In The Laboratory, Jack Douglas Stecher, Timothy W. Shields, John Dickhaut

ESI Working Papers

This article develops a method for drawing samples from which it is impossible to infer any quantile or moment of the underlying distribution. The method provides researchers with a way to give subjects the experience of ambiguity. In any experiment, learning the distribution from experience is impossible for the subjects, essentially because it is impossible for the experimenter. We describe our method mathematically, illustrate it in simulations, and then test it in a laboratory experiment. Our technique does not withhold sampling information, does not assume that the subject is incapable of making statistical inferences, is replicable across experiments, and requires …

Cultural Advantages In China: Tale Of Six Cities, Florentin Smarandache, Fu Yuhua, Victor Christianto

Branch Mathematics and Statistics Faculty and Staff Publications

Nowadays, plenty of factories from Europe and other developed countries have been relocated to this country, considering its tremendous economic scale and rapid growth rate during the past three decades. But most of what happens inside the China nowadays is deeply hidden from the outside world (“the foreigners” as China people would call). This fact is partly because most reports on China were written by the so‐called fly‐high experts who are busy completing their reports despite a busy schedule. Very few books or reports were written by people inside, or at least “foreigners” who spent a few years in China. …

Experimental Gasoline Markets, Cary A. Deck, Bart J. Wilson

Economics Faculty Articles and Research

Zone pricing in wholesale gasoline markets is a contentious topic in the public policy debate. With a controlled laboratory experiment, we investigate the competitive effects of zone pricing on consumers, retail stations, and refiners vis-à-vis the proposed policy prescription of uniform wholesale pricing to retailers. We also examine the issue of divorcement and the “rockets and feathers” phenomenon. The former is the legal restriction that refiners and retailers cannot be vertically integrated, and the latter is the perception that retail gasoline prices rise faster than they fall in response to random walk movements in the world price for oil.