Showing 1 - 10 of 105
We examine the effects of social preferences and beliefs about the social preferences of others in a simple leader-follower voluntary contributions game. We find that groups perform best when led by those who are reciprocally oriented. Part of the effect can be explained by a false consensus...
Persistent link: https://www.econbiz.de/10012765318
How should we interpret the World Values Survey (WVS) trust question? We conduct an experiment in India, a low trust country, to correlate the WVS trust question with trust decisions in an incentivized Trust Game. Evidence supports findings from one strand of the fractured literature – the WVS...
Persistent link: https://www.econbiz.de/10012993949
Asset market bubbles and crashes are a major source of economic instability and inefficiency. Sometimes ascribed to animal spirits or irrational exuberance, their source remains imperfectly understood. Experimental methods can isolate systematic deviations from an asset's fundamental value in a...
Persistent link: https://www.econbiz.de/10012917090
Trust and trustworthiness are important components of social capital and much attention has been devoted to their correct evaluation. In this paper, we argue that individuals' trust and trustworthiness are strongly dependent on the level of trust and trustworthiness of the social group in which...
Persistent link: https://www.econbiz.de/10012920459
This study investigates the effects of unfair enforcement of institutional rules on public good contributions, personal and social norms, and trust. In a preregistered online experiment (n = 1,038), we find that biased institutions reduce rule compliance compared to fair institutions. However,...
Persistent link: https://www.econbiz.de/10014346014
Typically, laboratory experiments suffer from homogeneous subject pools and self-selectionbiases. The usefulness of survey data is limited by measurement error and by thequestionability of their behavioral relevance. Here we present a method integrating interactiveexperiments and representative...
Persistent link: https://www.econbiz.de/10014255643
We combined a natural experiment (the occurrence of the COVID-19 pandemic in 2020) with the tools of laboratory experiments to study whether and how an unprecedented shock on social interactions (the introduction and abrogation of a nationwide lockdown) affected the evolution of individuals'...
Persistent link: https://www.econbiz.de/10014261425
We study how upward communication – from workers to managers – about individual efforts affects the effectiveness of gift exchange as a contract-enforcement device for work teams. Our findings suggest that the use of such self-assessments can be detrimental to workers' performance. In the...
Persistent link: https://www.econbiz.de/10013029635
Social preference research has received considerable attention among economists in recent years. However, the empirical foundation of social preferences is largely based on laboratory experiments with self-selected students as participants. This is potentially problematic as students...
Persistent link: https://www.econbiz.de/10013130435
Social preference research has received considerable attention in recent years. Researchers have demonstrated that the presence of people with social preferences has important implications in many economic domains. However, it is important to be aware of the fact that the empirical basis of this...
Persistent link: https://www.econbiz.de/10013120842