employees to accept lower wages as well? As an alternative to reviewing statistical data, we have performed an experiment with a … lower competitive wage in the second phase of an employment relationship that is known to both parties. The experiment casts …

We study whether selection affects motivation. In our experiment subjects first answer a personality questionnaire …

administered incentives. -- principal agent ; experiment ; specific human capital …

sequencing structure of game types, game rules do matter, and directional learning theory offers a partial explanation for bid …

bidders. In our experiment participants face four auction types (first versus second price - auction versus fair division game …

experiment of Berg, Dickhaut, and McCabe (1995). Another variation concerns the information about the multiplier of donations …? -- experiment ; reciprocity ; Trust ; game …

Whereas orthodox game theory relies on the unrealistic assumption of (commonly known) perfect rationality, participants … in game playing experiments are at best boundedly rational. This makes it necessary to supplement orthodox game theory by … a behavioral theory of game playing. We first point out that this applies also to (one person-) decision theory. After …