Showing 1 - 10 of 16
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
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
This paper revisits and extends the experiment on the solidarity gameby Selten and Ockenfels (1998). We replicate the … basic design of the solidaritygame and extend it in order to test the robustness of the fixed totalsacrifice' effect and the …
Persistent link: https://www.econbiz.de/10005866875
corresponding common value auction.Whereas symmetric risk neutral Nash equilibria are rather similar for both games,behavior differs …
Persistent link: https://www.econbiz.de/10005870973
Norms play an important role in establishing social order. Thecurrent literature focuses on the emergence, maintenance and impactof norms with regard to coordination and cooperation. However, theissue of norm-related conict deserves more attention. We develop ageneral theory of \normative...
Persistent link: https://www.econbiz.de/10005870974
We study ultimatum and dictator experiments where the first moverchooses the amount of money to be distributed between the playerswithin a given interval, knowing that her own share is fixed. Thus, thefirst mover is faced with scarcity, but not with the typical trade-off betweenher own and the...
Persistent link: https://www.econbiz.de/10005870982
Actual behaviour is inuenced in important ways by moral emotions,for instance guilt or shame (see among others Tangney et al., 2007). Belief-dependant models of social preferences using the framework of psycho-logical games aim to consider such emotions to explain other-regardingbehaviour. Our...
Persistent link: https://www.econbiz.de/10009248884
ofbehavior persists when risk comes into play. I devise an experiment which sheds light onthe interrelation of risk and social … preferences by measuring (1) individual risk preferences,(2) interpersonal risk preferences, and (3) social preferences under … certainty. The resultsreveal that a large share of subjects choose to accept more risk or less potential gain thanindividually …
Persistent link: https://www.econbiz.de/10005866400
This paper studies the response times of experimental subjects playingthe Ultimatum game in a laboratory setting using monetary incentives.We find that proposals are not significantly correlated with responsetime, whereas responders’ behavior is positively and significantlycorrelated. Hence,...
Persistent link: https://www.econbiz.de/10005866540
Does geographic distance or the perceived social distance between subjects significantlyaffect proposer and responder behavior in ultimatum bargaining? To answer this question,subjects play a one-shot ultimatum game with three players (proposer, responder, and apassive dummy player) and...
Persistent link: https://www.econbiz.de/10005866606