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Measuring Social Norms and Preferences using Experimental Games: A Guide for Social Scientists

Camerer, Colin F.; Fehr, Ernst - Institut für Volkswirtschaftslehre, …

Experimental games turned out to be remarkably productive tools for examining the nature of social preferences and social norms. This paper describes the methods and tools of experimental game theory and provides a selection of games that have been useful. We also discuss the role of...

Persistent link: https://www.econbiz.de/10005585655

On altruism and remittances

Weber, Roberto A.; Antoniades, Alexis; Seshan, Ganesh; … - Institut für Volkswirtschaftslehre, … - 2013

We provide a direct test of the impact of altruism on remittances. From a sample of 105 male migrant workers from Kerala, India working in Qatar, we elicit the propensity to share with others from their responses in a dictator game, and use it as a proxy for altruism. When the entire sample is...

Persistent link: https://www.econbiz.de/10010817246

Does willful ignorance deflect punishment? – An experimental study

Weber, Roberto A.; Bartling, Björn; Engl, Florian - Institut für Volkswirtschaftslehre, … - 2013

consequences of their actions for others. We employ a laboratory experiment, using modified dictator games in which a dictator can …

Persistent link: https://www.econbiz.de/10010817256

Discrimination and In-group Favoritism in a Citywide Trust Experiment

Falk, Armin; Zehnder, Christian - Institut für Volkswirtschaftslehre, … - 2007

This paper provides field experimental evidence on the prevalence and determinants of discrimination and in … receive different investments depending on the district they live in. The systematics of the discrimination pattern is … increases in the socio-economic status it decreases in the degree of ethnic heterogeneity. Observed discrimination is not just …

Persistent link: https://www.econbiz.de/10005585631

Why does the amount of income redistribution differ between United States and Europe? The Janus face of Switzerland

Akkoyunlu, Sule; Neustadt, Ilja; Zweifel, Peter - Institut für Volkswirtschaftslehre, … - 2008

In this paper, the amount of income redistribution in the United States, the European Union, and Switzerland is compared and empirically related to economic, political, and behavioral determinants elaborated in the literature. Lying in between the two poles, Switzerland provides unique evidence...

Persistent link: https://www.econbiz.de/10005025598

Evidence for countercyclical risk aversion: an experiment with financial professionals

Cohn, Alain; Engelmann, Jan; Fehr, Ernst; Maréchal, … - Institut für Volkswirtschaftslehre, … - 2013

A key ingredient of many popular asset pricing models is that investors exhibit countercyclical risk aversion, which helps explain major economic puzzles such as the strong and systematic variation in risk premiums over time and the high volatility of asset prices. There is, however,...

Persistent link: https://www.econbiz.de/10011240398

Generosity across contexts

Weber, Roberto A.; Davis, Alexander L.; Jehli, Nadja R.; … - Institut für Volkswirtschaftslehre, … - 2011

Extensive research in economics explores generosity in monetary allocations. However, generosity often involves the allocation of non-monetary goods or experiences. Existing evidence suggests that generosity may be higher in such contexts, though no direct comparison exists. Here, we compare...

Persistent link: https://www.econbiz.de/10011203012

Reverse Common Ratio Effect

Blavatskyy, Pavlo R. - Institut für Volkswirtschaftslehre, … - 2010

The results of a new experimental study reveal highly systematic violations of expected utility theory. The pattern of these violations is exactly the opposite of the classical common ratio effect discovered by Allais (1953). Two recent decision theories— stochastic expected utility theory...

Persistent link: https://www.econbiz.de/10008625739

Pre-Play communication with forgone costly messages: experimental evidence on forward induction

Blume, Andreas; Weber, Roberto A.; Kriss, Peter H. - Institut für Volkswirtschaftslehre, … - 2011

-play messages. In a laboratory experiment, we modify communication by making the sending of messages optional and costly. Even small …

Persistent link: https://www.econbiz.de/10009358877

How do informal agreements and renegotiation shape contractual reference points?

Fehr, Ernst; Hart, Oliver; Zehnder, Christian - Institut für Volkswirtschaftslehre, … - 2011

Previous experimental work provides encouraging support for some of the central assumptions underlying Hart and Moore (2008)’s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships such as informal agreements and ex post...

Persistent link: https://www.econbiz.de/10009358972