Narrow search
Showing 1 - 10 of 189
Cover Image
The Provision of Public Goods with Positive GroupInterdependencies
Güth, Werner; Sääksvuori, Lauri - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010
This article examines the nature of human behavior in a nested socialdilemma referred to as the Spillover Game. Players are divided into twogroups with positive production interdependencies. Based on theoreticallyderived opportunistic, local, and global optima, our experimental...
Persistent link: https://www.econbiz.de/10009022157
Cover Image
Downsizing the Labor Force by Low and High Profit Firms– An Experimental Analysis
Güth, Werner; Paul, Christian - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008
One may hope to capture the behavioral and emotional eects of downsizingthe labor force in rather abstract settings as an ultimatum game (see Fischeret al. (2008)), or try to explore downsizing in its more natural principalagentscenario with a labor market background. We pursue the latter...
Persistent link: https://www.econbiz.de/10005866438
Cover Image
(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
Cover Image
Experimental evidence of the importance of gender pairing in bargaining
Sutter, Matthias; Bosman, Ronald; Kocher, Martin; van … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003
We study the influence of gender on economic decision making in a two-person bargaining game. By testing hypotheses derived from evolutionary psychology and social role theory, we find that (1) gender per se has no significant effect on behavior, whereas (2) gender pairing systematically affects...
Persistent link: https://www.econbiz.de/10005866879
Cover Image
Do Individuals Recognize Cascade Behavior of Others? - An Experimental study
Stiehler, Andreas - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003
In a cascade experiment subjects are confronted with artificial predecessors prdecting in line with the BHW model …
Persistent link: https://www.econbiz.de/10005866980
Cover Image
Fragility of Information Cascades:An Experimental Study using Elicited Beliefs
Koessler, Frédéric; Ziegelmeyer, Anthony; Bracht, Jürgen - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008
not an information cascade already occurred.Subjects’ behavior can be understood with a statistical model that allows for …
Persistent link: https://www.econbiz.de/10005866431
Cover Image
Co-employment of permanently and temporarily employed agents
Güth, Werner; Kocher, Martin; Popova, Vera - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010
One-shot interaction and repeated interaction often co-exist in the real world. We study possible behavioral effects of this co-existence in a principal-agent setting, in which a principal simultaneously employs a permanent and a temporary agent. Our experimental results indicate that there is...
Persistent link: https://www.econbiz.de/10005870887
Cover Image
Committing to Incentives: Should the Decision to Sanctionbe Revealed or Hidden?
Klempt, Charlotte; Pull, Kerstin - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010
Sanctions are widely used to promote compliance in principal-agent-relationships.While there is ample evidence confirming the predicted positive incentive effect of sanctions,it has also been shown that imposing sanctions may in fact reduce complianceby crowding-out intrinsic motivation. We add...
Persistent link: https://www.econbiz.de/10009022160
Cover Image
Exploring the Effects of Unequal and Secretive Pay
Fischer, Sven Heiko; Steiger, Eva-Maria - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
We experimentally test whether intentional and observable discriminatorypay of symmetric agents in the Winter (2004) game causes lowpaid agents to reduce effort. We control for intentionality of wages byeither allowing a principal to determine wages or by implementing arandom process. Our main...
Persistent link: https://www.econbiz.de/10009022163
Cover Image
More than outcomes: A cognitive dissonance-basedexplanation of other-regarding behavior
Matthey, Astrid; Regner, Tobias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2011
model based on cognitive dissonance thatfocuses on the importance of self-image. An experiment (a dictator game variant …)tests the model.First, we nd that subjects whose choices involve two psychologically inconsistentcognitions indeed report higher … supportfor the main model components. An individual's self-image, the sensitivityto cognitive dissonance, and expected behavior …
Persistent link: https://www.econbiz.de/10009248885