Collaborative Research Center (CRC TRR 190) funded by the German Research Foundation; our focus is on competitive behavior by individuals and firms in cases where rationality may be limited.
Website: http://rationality-and-competition.de
CRC Rationality & Competition
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Yesterday, we concluded our 18th CRC Retreat in Schwanenwerder. Three wonderful days of reseach collaboration and scientific exchange.
Join us to learn why firms give away data to their big-tech rivals for free, how the "law of one price" fails in cases of asymmetric competition, or why price differences persist even between identical products.
This and much more next week!
CRC Coffee Break Special Issue:
To celebrate the recent publication of five papers by CRC member David Ronayne, we are announcing the "David Ronayne Week" on our blog!
Next week, we will publish one blogpost a day, each exploring one of the new papers.
How ancient history shapes economic decision-making: Our 116-country study reveals that ancestral distance systematically drives preference heterogeneity, showing that modern risk and time preferences are rooted in cultural patterns transmitted over thousands of years.
Why cash makes us more selfish: Our new experiment shows that knowing the real-world dollar value of earnings triggers more self-serving judgements than abstract points or tokens, even when the actual split remains exactly the same.
Why labor markets underprovide benefits despite high worker demand: Our model shows that treating benefits as hidden "experience goods" systematically induces inefficiently low coverage and compressed wage gaps, masking the true extent of compensation inequality.
@klaus-m-schmidt.bsky.social
How competitive neutrality falls short: Our causal analysis reveals that state ownership systematically induces preferential treatment for public hospitals over private ones, a bias that becomes significantly more acute under the pressure of upcoming elections.
How students leverage self-delusion to beat procrastination: Our new field study shows that university students strategically inflate their believed returns to effort by 20% as exams approach, proving that biased beliefs function as an instrumental tool for self-control.
