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In this paper we experimentally test skewness seeking at the individuallevel. Several prospects that can be ordered with respect to the third-degreestochastic dominance (3SD) criterion are ranked by the participants of theexperiment. We find that the skewness of a distribution has a...
Persistent link: https://www.econbiz.de/10005866533
In the Yes/No game, like in the ultimatum game, proposer and respondercan share a monetary reward. In both games the proposer suggests a rewarddistribution which the responder can accept or reject (yielding 0-payoffs). Thegames only differ in that the responder does (not) learn the suggested...
Persistent link: https://www.econbiz.de/10005866695
Trust that suppliers and buyers will keep their word is a necessary ingredient to a wellfunctioning marketplace …, putting them out of the reach ofthe legal safeguards and the long-term relationships that build trust in the brick …
Persistent link: https://www.econbiz.de/10005867032
that, unlike the partner market, the benefits of trust and trustworthy behavior go to the whole community and are not …
Persistent link: https://www.econbiz.de/10005867033