In a punishment experiment, we separate the demand for punishment in general from a possible demand to conduct …, afterwards, subjects take part in a second price auction for the right to (physically) carry out the act of payoff reduction …. This auction only resolves who will punish, not whether punishment takes place, so only subjects with a demand for personal …

effects, first-mover advantage, etc.) in a standard information-based herding model. Our results are based on an internet … experiment with more than 6000 subjects, including a subsample of 267 consultants from an international consulting firm. We also …

We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was … conducted, both, on the internet and in the usual laboratory setting. We find some systematic differences, which however can be …

settings. We first test whether scores on the Big Five are related to performance in our experiment, and second how this is …

relatively complex environments. In this experiment we test whether subjects are more likely to use imitation if they are under …

We implement an experiment to elicit subjects’ ambiguity attitudes in the spirit of Ellsberg’s three-color urn. The …