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Strive to be first or avoid being last: An experiment on relative performance incentives.

Dutcher, E. Glenn; Balafoutas, Loukas; Lindner, Florian; … - Institut für Finanzwissenschaft, Fakultät für … - 2013

three mechanisms with the appropriate distribution of prizes. We test the model's predictions in a laboratory experiment and … behavior in all mechanisms is consistent with basic directional and reinforcement learning. …

Persistent link: https://www.econbiz.de/10010633550

Confusion and Reinforcement Learning in Experimental Public Goods Games

Bayer, Ralph-C.; Renner, Elke; Sausgruber, Rupert - Institut für Finanzwissenschaft, Fakultät für … - 2009

. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games … explained by reinforcement learning. According to our estimates, learning only accounts for 41 percent of the decay in …, differ strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …

Persistent link: https://www.econbiz.de/10008518395

Tax Salience, Voting, and Deliberation

Sausgruber, Rupert; Tyran, Jean-Robert - Institut für Finanzwissenschaft, Fakultät für … - 2008

Tax incentives can be more or less salient, i.e. noticeable or cognitively easy to process. Our hypothesis is that taxes on consumers are more salient to consumers than equivalent taxes on sellers because consumers underestimate the extent of tax shifting in the market. We show that tax salience...

Persistent link: https://www.econbiz.de/10008518396

Inequality Aversion and Voting on Redistribution

Hoechtl, Wolfgang; Sausgruber, Rupert; Tyran, Jean-Robert - Institut für Finanzwissenschaft, Fakultät für … - 2011

Mounting evidence shows that there is heterogeneity in aversion to inequality, i.e. that some people have a concern for a fair distribution. Does such a concern matter for majority voting on redistribution? Fairness preferences are relevant for redistribution outcomes only if fair voters are...

Persistent link: https://www.econbiz.de/10009145765

Truth, trust, and sanctions: On institutional selection in sender-receiver games

Peeters, Ronald; Vorsatz, Marc; Walzl, Markus - Institut für Finanzwissenschaft, Fakultät für … - 2011

We conduct a laboratory experiment to investigate the impact of institutions and institutional choice on truth …

Persistent link: https://www.econbiz.de/10009385916

How does the social distance between an employee and a manager affect employee competition for a reward?

Dutcher, Glenn - Institut für Finanzwissenschaft, Fakultät für … - 2011

This study examines how employees internalize differences in social distance between themselves and their managers when they are competing for a reward given by the manager. In an employer/employee relationship, this difference in social distance between the employer and the various employees...

Persistent link: https://www.econbiz.de/10009394338

Equality, Equity and Incentives: An Experiment

Balafoutas, Loukas; Kocher, Martin G.; Putterman, Louis; … - Institut für Finanzwissenschaft, Fakultät für … - 2010

We devise a new experimental game by nesting a voluntary contributions mechanism in a broader spectrum of incentive schemes. With it, we study tensions between egalitarianism, equity concerns, self-interest, and the need for incentives. In a 2x2 design, subjects either vote on or exogenously...

Persistent link: https://www.econbiz.de/10008676887

Role selection and team performance

Cooper, David J.; Sutter, Matthias - Institut für Finanzwissenschaft, Fakultät für … - 2011

Team success relies on assigning team members to the right tasks. We use controlled experiments to study how roles are assigned within teams and how this affects team performance. Subjects play the takeover game in pairs consisting of a buyer and a seller. Understanding optimal play is very...

Persistent link: https://www.econbiz.de/10009245990

Fairness and Efficiency in a Subjective Claims Problem

Gantner, Anita; Kerschbamer, Rudolf - Institut für Finanzwissenschaft, Fakultät für … - 2013

In a subjective claims problem several agents have contributed to the production of a cake which is to be divided among them. Since contributions are difficult to compare and the production function is nonlinear, agents'subjective evaluations of claims are likely to be conflicting. In a...

Persistent link: https://www.econbiz.de/10010700900

Experimental games on networks: Underpinnings of behavior and equilibrium selection

Charness, Gary; Feri, Francesco; Meléndez-Jiménez, … - Institut für Finanzwissenschaft, Fakultät für … - 2014

In this paper, we describe a series of laboratory experiments that implement specific examples of a more general network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic complements, and participants have either complete or...

Persistent link: https://www.econbiz.de/10010761741