Showing 1 - 10 of 202
' concern for fairness, and the tradeoff the disadvantaged player makes between pursuing a fair outcome from a disadvantaged … weak players persist in seeking "fairness" is also a function of how much it (potentially) costs them to do so. Students …-cost bargainers to demand fairness and to persist in their demands was a function of how much it cost them to do so, and the degree to …
Persistent link: https://www.econbiz.de/10005556668
We examine the characteristics and relative strength of third-party sanctions in a series of experiments. We … hypothesize that egalitarian distribution norms and cooperation norms apply in our experiments, and that third parties, whose …’’ third parties. In addition, these experiments suggest that thirdparty punishment games are powerful tools for studying the …
Persistent link: https://www.econbiz.de/10005125599
This paper uses the data gained from an income categorization experiment for five shapes of income distributions to investigate background context effects, relative deprivation, range-frequency theory to explain back-ground context effects,individual income satisfaction versus aggregate...
Persistent link: https://www.econbiz.de/10005125602
Departures from pure self interest in economic experiments have recently inspired models of "social preferences". We … conduct experiments on simple two-person and three-person games with binary choices that test these theories more directly … than the array of games conventionally considered. Our experiments show strong support for the prevalence of "quasi …
Persistent link: https://www.econbiz.de/10005062663
Persistent link: https://www.econbiz.de/10005408217
Departures from self-interest in economic experiments have recently inspired models of "social preferences". We design … a range of simple experimental games that test these theories more directly than existing experiments. Our experiments …
Persistent link: https://www.econbiz.de/10005556538
(paradoxically) crowds out efficient solutions to the agency problem. This paper explores, via a novel set of laboratory experiments …
Persistent link: https://www.econbiz.de/10005556679
It is traditional in experimental games to allow participants to choose only actions or possibly communicate intended play. In sequential two-person games, we require first movers to express a preference between responder choices. We find that responder behavior differs substantially according...
Persistent link: https://www.econbiz.de/10005119388
In a laboratory experiment, subjects played ten two-person 3x3 constant sum games and stated beliefs about the frequencies of play by their opponents. Contrary to previous experimental evidence, game-theoretical predictions work well: 80% of actions coincided with Nash equilibrium, subjects were...
Persistent link: https://www.econbiz.de/10005125558
Economic theory predicts that in a first-price auction with equal and observable valuations, bidders earn zero profits. Theory also predicts that if valuations are not common knowledge, then since it is weakly dominated to bid your valuation, bidders will bid less and earn positive profits....
Persistent link: https://www.econbiz.de/10005125581