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We study behavior in a moonlighting game with unequal initial endowments. In this game, predictions for second-mover behavior based on inequality aversion are in contrast to reciprocity. We find that inequality aversion explains only few observations. The comparison to a treatment with equal...
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Preferences over income distribution are the basis for a variety of models that aim at explaining results in economic experiments. The direct evidence concerning these preferences, however, is limited to a relatively small set of games. The authors discuss crucial evidence, including that from a...
Persistent link: https://www.econbiz.de/10010552637
We present an experiment on the false consensus effect. Unlike previous experiments, we provide monetary incentives for revealing the actual estimation of others' behavior. In each session and round, sixteen subjects make a choice between two options simultaneously. Then they estimate the...
Persistent link: https://www.econbiz.de/10005678677
We present a striking example of the deconstruction and reconstruction of an anomaly. In line with previous experiments we show in a one-shot setting that the allegedly robust false consensus effect disappears if representative information is readily available. But the effect reappears if a...
Persistent link: https://www.econbiz.de/10011049673
We present simple one-shot distribution experiments comparing the relative importance of efficiency concerns, maximin preferences, and inequality aversion, as well as the relative performance of the fairness theories by Gary E Bolton and Axel Ockenfels and by Ernst Fehr and Klaus M. Schmidt....
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If the future is uncertain, optimal intertemporal decisions rely on anticipating one's own optimal future behavior as is typical in dynamic programming. Our aim is to detect experimentally stylized facts about intertemporal decision making in a rich stochastic environment. Compared to previous...
Persistent link: https://www.econbiz.de/10005711709