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In this paper, we experimentally investigate the guilt aversion hypothesis by using a trust game with pre-play communication. For this purpose, we first develop a new version of guilt aversion called personal guilt aversion. It is shown that the new version is consistent with extant experimental...
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This note points out that the proof of Theorem 1, the main theorem, in Ergin (2002) needs two corrections. We provide two counterexamples to Ergin's (2002) proof and show that the theorem holds as it is by providing an alternative proof.
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