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The Scarcity Bias
Mittone, Luigi; Savadori, Lucia - Dipartimento di Economia e Management, Università … - 2005
The bias generated by the subjective perception of scarcity on the consumer's choice is investigated using two separated experiments. The first experiment is aimed to define the prevailing preferences towards a set of commodities, the second experiment checked the effects produced by the...
Persistent link: https://www.econbiz.de/10005177012
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Does scarcity matter in children's behavior? A developmental perspective of the basic scarcity bias
Mittone, Luigi; Savadori, Lucia; Rumiati, Rino - Dipartimento di Economia e Management, Università … - 2005
The bias generated by the subjective perception of scarcity on economic behavior was investigated on two groups of children aged 9-10 and 12-14 years old and on a sample of adults. Children had to choose a toy among a set of identical objects varying only in color: one color was scarce the other...
Persistent link: https://www.econbiz.de/10005628787
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Personal Autonomy in Trust-Based Interactions. An Experimental Analysis
Ploner, Matteo - Dipartimento di Economia e Management, Università … - 2007
The paper experimentally investigates the interactions between restrictions to personal autonomy and reciprocity in a … autonomy are likely to reduce reciprocity in trust- based relationships. Results in our experiment, which is a modified version … reciprocity when allowed to freely determine their behavior in the game. (This is an updated version of the CEEL Working Paper 2-05) …
Persistent link: https://www.econbiz.de/10005177039
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Punishment Mechanisms and their Effect on Cooperation - A Simulation Study
Farjam, M. D.; Faillo, M.; Haselager, W.F.G.; … - Dipartimento di Economia e Management, Università … - 2013
and society. Reciprocity on the other side is known to lead to cooperation without the costs of punishment. The question … availability was high, performance was better in no-punishment conditions with indirect reciprocity. Furthermore the hired gun … mechanism can play a facilitating role for cooperation even if the cooperating system already adopted reciprocity. …
Persistent link: https://www.econbiz.de/10010648244
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Good Law & Economics needs suitable microeconomic models: the case against the application of standard agency models to the professions
Sacconi, Lorenzo - Dipartimento di Economia e Management, Università … - 2006
professional’s identification with her clients’ interests, based on reciprocity and conformist preferences. A game theoretical …
Persistent link: https://www.econbiz.de/10005628794
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Reciprocity, Exchange and Redistribution. An experimental investigation inspired by Karl Polanyi’s The Economy as Instituted Process
Danese, Giuseppe; Mittone, Luigi - Dipartimento di Economia e Management, Università … - 2008
Inspired by Karl Polanyi’s writings on three allocation modes, namely reciprocity, exchange and redistribution, we … first tested a reciprocity ring with ten players. The baseline treatment, with no possibility of socialisation, displayed … very low levels of allocative efficiency. Consistently with the Polanyian approach to reciprocity, we found that inducing …
Persistent link: https://www.econbiz.de/10005465217
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Conformity, reciprocity and the sense of justice. How social contract-based preferences and beliefs explain norm compliance: the experimental evidence
Sacconi, Lorenzo; Faillo, Marco - Dipartimento di Economia e Management, Università … - 2008
Compliance with a social norm is a matter of self-enforceability and endogenous motivation to conform, which is relevant not just to social norm,s but also to a wide array of institutions. Here we consider endogenous mechanisms that become effective once the game description has been enriched...
Persistent link: https://www.econbiz.de/10005121068