Showing 1 - 7 of 7
will affect your payoffs. I model intentions in a dynamic psychological game under incomplete information. I find a complex …
Persistent link: https://www.econbiz.de/10005405941
In psychological games, higher-order beliefs, emotions, and motives - in addition to actions - affect players’ payoffs. Suppose you are invited to a party, movie, dinner, etc not because your company is desired but because the inviter would feel guilty if she did not invite you. In all of...
Persistent link: https://www.econbiz.de/10005406342
A new line of theoretical and empirical literature emphasizes the pivotal role of fair institutions for growth. We present a model, a laboratory experiment, and a simple cross-country regression supporting this view. We model an economy with an unequal distribution of property rights, in which...
Persistent link: https://www.econbiz.de/10005406372
Unfair intentions provoke negative reciprocity from others, making their concealment potentially beneficial. This paper … explores whether people hide their unfair intentions from others and how hiding intentions is itself perceived in fairness … intentions, establishing that people consider not only unkind intentions but also hiding intentions unfair. When choosing whether …
Persistent link: https://www.econbiz.de/10011185621
This paper examines the measurement of social welfare, poverty and inequality taking into account reference-dependence, loss aversion and diminishing sensitivity—aspects emphasized in Prospect Theory—to social welfare measurement. We suggest a new notion of equivalent income, the income...
Persistent link: https://www.econbiz.de/10010607471
It is not straightforward to define the ethics of responsibility in cases where the consequences of changes in factors … this interpretation of the ethics of responsibility and the ethics of compensation within a broad class of economic … environments. However, on a general basis, even this weaker version of the ethics of responsibility is not compatible with the …
Persistent link: https://www.econbiz.de/10005196261
Is competition perceived as a fair procedure? We report data from laboratory experiments where a powerful buyer can trade with one of several sellers. Sellers who feel shortchanged can engage in counterproductive behavior to punish the buyer. We find that the same unfavorable terms of trade...
Persistent link: https://www.econbiz.de/10010781540