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Strategies in Social Network Formation
Conte, Anna; Di Cagno, Daniela; Sciubba, Emanuela - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
We run a computerised experiment of network formation where allconnections are bene…cial and only direct links are …
Persistent link: https://www.econbiz.de/10009022169
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Promoting Justice by Treating People Unequally: AnExperimental Study
Becker, Alice; Miller, Luis M. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
Which inequalities among individuals are considered unjust? This paper reportsthe results of an experiment designed to …
Persistent link: https://www.econbiz.de/10005866424
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Bidding in common value fair division games: The winner’scurse or even worse?
Becker, Alice; Brünner, Tobias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
A unique indivisible commodity with an unknown common value is owned bygroup of individuals and should be allocated to one of them while compensating theothers monetarily. We study the so-called fair division game (Güth, Ivanova-Stenzel,Königstein, and Strobel (2002, 2005)) theoretically and...
Persistent link: https://www.econbiz.de/10005870973
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Collectively Ranking Candidates– An Axiomatic Approach
Güth, Werner - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2011
Different evaluators typically disagree how to rank different candidates since theycare more or less for the various qualities of the candidates. It is assumed that allevaluators submit vector bids assigning a monetary bid for each possible rank order.The rules must specify for all possible...
Persistent link: https://www.econbiz.de/10009248888
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Interregional diversity of fairness concerns –An online ultimatum experiment
Georg, Sebastian J.; Güth, Werner; Walkowitz, Gari; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007
the robust stylized facts of thisclass of ultimatum experiments and can be adequately explained by other …
Persistent link: https://www.econbiz.de/10005866606
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Incentive Contracts versus Trust in Three-Person Ultimatum Games- An Experimental Study
Büchner, Susanne; Gonzalez, Luis; Güth, Werner; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002
-agent experiments (mostinvolving only one agent). We investigate this issue in the context of athree-person ultimatum experiment, which …
Persistent link: https://www.econbiz.de/10005867038
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A sociological perspective on measuring social norms bymeans of strategy method experiments
Rauhut, Heiko; Winter, Fabian - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
experiments, sociologistsrather employ (factorial) surveys. Both methods, however, suer from distinctweaknesses. Experiments, on …-called "strategymethod" compensates for these weaknesses by combining the observationalcharacteristic of experiments with the conditionality … bargaining norms in the case of ultimatum games. Tosubstantiate our claim, we conduct a methodological experiment in which …
Persistent link: https://www.econbiz.de/10005866393
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Psychology and Economics rather than Psychology versusEconomics: Cultural differences but no barriers!
Brandstätter, Hermann; Güth, Werner; Kliemt, Hartmut - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
During the last three decades the ascent of behavioral economics clearly helped tobring down artificial disciplinary boundaries between psychology and economics.Noting that behavioral economics seems still under the spell of the rational choicetradition – and, indirectly, of behaviorism – we...
Persistent link: https://www.econbiz.de/10005866402
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Fragility of Information Cascades:An Experimental Study using Elicited Beliefs
Koessler, Frédéric; Ziegelmeyer, Anthony; Bracht, Jürgen - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008
This paper examines the occurrence and fragility of information cascades in laboratory experiments.One group of low … information.In line with existing experiments on information cascades, we find some evidence that lowinformed subjects follow the …
Persistent link: https://www.econbiz.de/10005866431
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(Non-) Behavioral Economics – A Programmatic Assessment
Güth, Werner - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007
Economic theory has evolved without paying proper attention to behavioral approaches,especially to social, economic, and cognitive psychology. This has recently changed byincluding behavioral economics courses in many doctoral study programs. Although thisnew development is most welcome, the...
Persistent link: https://www.econbiz.de/10005866470