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Reflection Test (CRT), are more likely to make choices consistent with “mild” altruism in simple non-strategic decisions. Such …
Persistent link: https://www.econbiz.de/10011184611
In the absence of enforceable contracts, many economic and personal interactions rely on trust and reciprocity … on reciprocation prevent the most egregious trust violations, but may also undermine behavior that would have otherwise … produced higher overall economic welfare. We test the efficacy of exogenously imposed minimum return rules using experimental …
Persistent link: https://www.econbiz.de/10009295318
group plays the game for the second part of the experiment. Our results show that the arrival of newcomers decreases trust … among group members and this decrease in trust negatively affects group performance. Knowing the performance history of the …
Persistent link: https://www.econbiz.de/10010817394
We experimentally investigate the impact of visibility of information about contributors on contributions in the public goods game. We systematically consider several treatments that are similar to a wide range of situations in practice. First, we vary the cost of viewing identifiable...
Persistent link: https://www.econbiz.de/10008693682
MWe experimentally investigate simultaneous decision-making in two contrasting environments: a competitive environment (a contest) and a cooperative environment (a voluntary contribution mechanism). We find that the cooperative nature of the voluntary contribution mechanism spills over to the...
Persistent link: https://www.econbiz.de/10008556054
Despite its central role in the theory of incentives, empirical evidence of a tradeoff between risk and incentives remains scarce. We reexamine this empirical puzzle in a controlled laboratory environment so as to isolate possible confounding factors encountered in the field. In line with the...
Persistent link: https://www.econbiz.de/10011185392
This experimental study compares sequential and simultaneous election contests. Consistent with the theory, we find evidence of the “New Hampshire effect” in the sequential contests, i.e., the winner of the first electoral battle wins the overall contest with much higher probability than the...
Persistent link: https://www.econbiz.de/10010884877
We construct an asset market in a finite horizon overlapping-generations environment. Subjects are tested for comprehension of their fundamental value exchange environment, and then reminded during each of 25 periods of its declining new value. We observe price bubbles forming when new...
Persistent link: https://www.econbiz.de/10009323294
We examine conflict resolution via a random device. We model conflict as a two-agent rent-seeking contest for a fixed prize. Before conflict arises, both agents may agree to allocate the prize by coin flip to avoid the costs of conflict. In equilibrium, risk-neutral agents with relatively...
Persistent link: https://www.econbiz.de/10009323518
We compare the determinants of individual giving between two countries, Spain and the US, which differ in their redistribution policies and their beliefs over the causes of poverty. By varying the information about the determinants of income, we find that, although overall giving is similar in...
Persistent link: https://www.econbiz.de/10009323948