Relevance Determination in Learning Vector Quantization (2007)
Thorsten Bojer, Barbara Hammer, Daniel Schunk
Abstract. We propose a method to automatically determine the relevance of the input dimensions of a learning vector quantization (LVQ) architecture during training. The method is based on Hebbian...
Schunk, Daniel, Winter, Joachim
Experimental studies of search behavior suggest that individuals stop searching earlier than predicted by the optimal, risk-neutral stopping rule. Such behavior could be generated by two different...
Trust Games Measure Trust (2006)
Houser, Daniel, Schunk, Daniel, Winter, Joachim
The relationship between trust and risk is a topic of enduring interest. Although there are substantial differences between the ideas the terms express, many researchers from different disciplines...
Abstract: Important empirical information on household behavior is obtained from surveys. However, various interdependent factors that can only be controlled to a limited extent lead to unit and item...
Rothlauf, Franz, Schunk, Daniel, Pfeiffer, Jella
The understanding of human behavior in sequential decision tasks is important for economics and socio-psychological sciences. In search tasks, for example when individuals search for the best price...
ABSTRACT. Survival models for life-time data and other time-to-event data are widely used in many fields, including medicine, the environmental sciences, engineering etc., but they have still found...
Spatial Dynamic Modeling and Urban Land Use Transformation:
Assessing the economic impacts of urban land use transformation has become complex and acrimonious. Although community planners are beginning to comprehend the economic trade-offs inherent in...
Search behaviour with reference point preferences:
People are heterogeneous with respect to their behaviour in sequential decision situations. This paper develops models for search behaviour under the assumption of expected-utility maximisation and a...
The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment
Schunk, Daniel, Winter, Joachim
The existing evidence from laboratory experiments suggests that relatively simple heuristics describe observed search behavior better than the optimal stopping rule derived under risk neutrality....
Explaining heterogeneity in utility functions by individual differences in preferred decision modes
Schunk, Daniel, Betsch, Cornelia
The curvature of utility functions varies between people. We suggest that there exists a relationship between the mode in which a person usually makes a decision and the curvature of the individual...
Classification of Human Decision Behavior: Finding
Rothlauf, Franz, Schunk, Daniel, Pfeiffer, Jella
The understanding of human behavior in sequential decision tasks is important for economics and socio-psychological sciences. In search tasks, for example when individuals search for the best price...
Survival models for life-time data and other time-to-event data are widely used in many fields, including medicine, the environmental sciences, engineering etc. They have also found recognition in...
The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment
The existing evidence from laboratory experiments suggests that relatively simple heuristics describe observed search behavior better than the optimal stopping rule derived under risk neutrality....
Explaining heterogeneity in utility functions by individual differences in decision modes
The curvature of utility functions varies between people. We suggest that there is a relationship between individual differences in preferred decision mode (intuition vs. deliberation) and the...
Classification of Human Decision Behavior: Finding Modular Decision Rules with Genetic Algorithms
Franz Rothlauf, Daniel Schunk, Jella Pfeiffer
The understanding of human behavior in sequential decision tasks is im- portant for economics and socio-psychological sciences. In search tasks, for example when individuals search for the best price...
The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment
Schunk, Daniel, Winter, Joachim
Experimental studies of search behavior suggest that individuals stop searching earlier than predicted by the optimal, risk-neutral stopping rule. Such behavior could be generated by two different...
The German SAVE Survey: Documentation and Methodology
The purpose of this document is to describe methodological details of the German SAVE survey and to provide users of SAVE with all necessary information for working with the publicly available SAVE...
Daniel Houser, Daniel Schunk, Joachim Winter
The relationship between trust and risk is a topic of enduring interest. Although there are substantial differences between the ideas the terms express, many researchers from different disciplines...
The German SAVE Survey: Documentation and Methodology
The purpose of this document is to describe methodological details of the German SAVE survey and to provide users of SAVE with all necessary information for working with the publicly available SAVE...
Explaining heterogeneity in utility functions by individual differences in decision modes
The curvature of utility functions varies between people. We suggest that there is a relationship between individual differences in preferred decision mode (intuition vs. deliberation) and the...
Daniel Houser, Daniel Schunk, Joachim Winter
The relationship between trust and risk is a topic of enduring interest. Although there are substantial differences between the ideas the terms express, many researchers from different disciplines...
Houser, Daniel, Schunk, Daniel, Winter, Joachim
The relationship between trust and risk is a topic of enduring interest. Although there are substantial differences between the ideas the terms express, many researchers from different disciplines...
Important empirical information on household behavior is obtained from surveys. However, various interdependent factors that can only be controlled to a limited extent lead to unit and item...
Many motives for saving a portion of one’s income co-exist and their relative importance changes over the life-cycle. However, most existing work focuses on only one of those motives and makes...
The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment
The existing evidence from laboratory experiments suggests that relatively simple heuristics describe observed search behavior better than the optimal stopping rule derived under risk neutrality....
Classification of Human Decision Behavior: Finding Modular Decision Rules with Genetic Algorithms
Franz Rothlauf, Daniel Schunk, Jella Pfeiffer
The understanding of human behavior in sequential decision tasks is important for economics and socio-psychological sciences. In search tasks, for example when individuals search for the best price...
We use unique administrative German data to examine the role of childhood health for the intergenerational transmission of human capital. Specifically, we examine the extent to which a comprehensive...
We use unique administrative German data to examine the role of childhood health for the intergenerational transmission of human capital. Specifically, we examine the extent to which a comprehensive...
Modeling the Use of Nonrenewable Resources Using a Genetic Algorithm
This paper shows, how a genetic algorithm (GA) can be used to model an economic process: the interaction of profit-maximizing oil-exploration firms that compete with each other for a limited amount...
Houser, Daniel, Schunk, Daniel, Winter, Joachim
The relationship between trust and risk is a topic of enduring interest. Although there are substantial differences between the ideas the terms express, many researchers from different disciplines...
Koch, Christopher, Schunk, Daniel
Both the US and the EU consider limiting auditor liability in order to ensure the viability of the audit market, but fear its potentially negative impact on audit quality. Our paper discusses the...
The German SAVE survey: documentation and methodology
The purpose of this document is to describe methodological details of the German SAVE survey and to provide users of SAVE with all necessary information for working with the publicly available SAVE...
Important empirical information on household behavior is obtained from surveys. However, various interdependent factors that can only be controlled to a limited extent lead to unit and item...
Many motives for saving a portion of one’s income co-exist and their relative importance changes over the life-cycle. However, most existing work focuses on only one of those motives and makes...
Das Sparverhalten deutscher Haushalte: Erste Erfahrungen mit der Riester-Rente
Börsch-Supan, Axel, Reil-Held, Anette, Schunk, Daniel
This paper investigates the savings behaviour of German households, especially their capability and their reasons to save. We find that about one third of private households do not save at all while...
What is an adequate standard of living during retirement?
Johannes Binswanger, Daniel Schunk
Many economists and policy-makers argue that households do not save enough to maintain an adequate standard of living during retirement. However, there is no consensus on the answer to the underlying...
B?RSCH-SUPAN, AXEL, REIL-HELD, ANETTE, SCHUNK, DANIEL
In response to population aging, pay-as-you-go pensions are being reduced in almost all developed countries. In many countries, governments aim to fill the resulting gap with subsidized private...
Participation costs for responders can reduce rejection rates in ultimatum bargaining
Philipp C. Wichardt, Daniel Schunk, Patrick W. Schmitz
This paper reports data from an ultimatum mini-game in which responders first had to choose whether or not to participate. Participation was costly, but the participation cost was smaller than the...
Participation costs for responders can reduce rejection rates in ultimatum bargaining
Wichardt, Philipp C., Schunk, Daniel, Schmitz, Patrick W.
The data reported in this paper show that in an ultimatum mini-game rejection rates of low offers are significantly reduced if participation for responders is voluntary but costly. A possible...
What is an Adequate Standard of Living during Retirement?
Schunk, Daniel, Binswanger, Johannes
Many economists and policy-makers argue that households do not save enough to maintain an adequate standard of living during retirement. However, there is no consensus on the answer to the underlying...
Beatrice Scheubel, Daniel Schunk, Joachim Winter
For policy reforms to increase a society's welfare, reliable information on people's prefer-ences and expectations is crucial. Representative opinion polls, often involving simplified questions about...
The relationship between risk attitudes and heuristics in search tasks: A laboratory experiment
Schunk, Daniel, Winter, Joachim
Experimental studies of search behavior suggest that individuals stop searching earlier than the optimal, risk-neutral stopping rule predicts. Two different classes of decision rules could generate...
Behavioral heterogeneity in dynamic search situations: Theory and experimental evidence
This paper presents models for search behavior and provides experimental evidence that behavioral heterogeneity in search is linked to heterogeneity in individual preferences. Observed search...
Houser, Daniel, Schunk, Daniel
Systematic differences in decision making between genders have been discovered in both competitive and pro-social environments. These contexts, however, have been previously studied in isolation...
Distinguishing trust from risk: an anatomy of the investment game
Daniel Houser, Daniel Schunk, Joachim Winter
The role of trust in promoting economic activity and societal development has received considerable academic attention by social scientists. A popular way to measure trust at the individual level is...