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The Role of Equality and Efficiency in Social Preferences
Fehr, Ernst; Naef, Michael; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2005
Engelmann and Strobel (AER 2004) question the relevance of inequity aversion in simple dictator game experiments claiming that a combination of a preference for efficiency and a Rawlsian motive for helping the least well-off is more important than inequity aversion. We show that these results...
Persistent link: https://www.econbiz.de/10005114463
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Preferences for Consistency
Falk, Armin; Zimmermann, Florian - C.E.P.R. Discussion Papers - 2011
principal-agent experiment that shows that consistency is valued by others and that this value is anticipated. The second … experiment underlines the crucial role of early commitment for consistency preferences. Finally we show how preferences for …
Persistent link: https://www.econbiz.de/10009293989
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Verified Trust: Reciprocity, Altruism and Noise in Trust Games
Brülhart, Marius; Usunier, Jean-Claude - C.E.P.R. Discussion Papers - 2004
Behavioural economists have come to recognize that reciprocity, the interaction of trust and trustworthiness, is a distinct and economically relevant component of individual preferences alongside selfishness and altruism. This recognition is principally due to observed decisions in experimental...
Persistent link: https://www.econbiz.de/10005788946
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The Big Carrot: High Stake Incentives Revisited
Brañas-Garza, Pablo; García-Muñoz, Teresa; Neuman, … - C.E.P.R. Discussion Papers - 2008
latter. Specifically, it is shown that beliefs in heaven are much more relevant than beliefs in hell when estimating the …
Persistent link: https://www.econbiz.de/10005661888
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Contracting under Incomplete Information and Social Preferences: An Experimental Study
Hoppe, Eva I; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2013
cornerstone of contract theory. We have conducted an experiment with 720 participants to explore whether the theoretical insights …
Persistent link: https://www.econbiz.de/10011084433
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Screening, Competition, and Job Design: Economic Origins of Good Jobs
Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2010
In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort but also leaving more opportunities for shirking. These "high-performance work systems" are difficult to understand in terms of standard moral hazard models. We show...
Persistent link: https://www.econbiz.de/10008468606
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Equity Aversion
Fershtman, Chaim; Gneezy, Uri; List, John - C.E.P.R. Discussion Papers - 2008
Models of inequity aversion and fairness have dominated the behavioural economics landscape in the last decade. This study gathers data from 240 subjects exposed to variants of two of the major experimental games - dictator and trust - that are employed to provide important empirical content to...
Persistent link: https://www.econbiz.de/10005656285
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Cardiovascular Consequences of Unfair Pay
Falk, Armin; Menrath, Ingo; Siegrist, Johannes; Verde, … - C.E.P.R. Discussion Papers - 2011
This paper investigates physiological responses to perceptions of unfair pay. In a simple principal agent experiment … experiment we record agents' heart rate variability. The latter is an indicator of stress-related impaired cardiac autonomic … cardiovascular health. We further test potential adverse health effects of unfair pay using data from a large representative data set …
Persistent link: https://www.econbiz.de/10009144731
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You Owe Me
Malmendier, Ulrike M.; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2012
In many cultures and industries gifts are given in order to influence the recipient, often at the expense of a third party. Examples include business gifts of firms and lobbyists. In a series of experiments, we show that, even without incentive or in-formational effects, small gifts strongly...
Persistent link: https://www.econbiz.de/10011083305
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Choosing to Compete: How different are girls and boys?
Booth, Alison L; Nolen, Patrick - C.E.P.R. Discussion Papers - 2009
Using a controlled experiment, we examine the role of nurture in explaining the stylized fact that women shy away from …
Persistent link: https://www.econbiz.de/10005082535