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Punishment and Cooperation in Stochastic Social Dilemmas
Xiao, Erte - 2012
paper, we conduct experiments to investigate how punishment affects cooperation in a two-person stochastic prisoner …Previous findings on punishment have focused on environments in which the outcomes are known with certainty. In this … specified probabilistically under a transparent information condition. In particular, we study two types of punishment …
Persistent link: https://www.econbiz.de/10012460202
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Anti-social norms
Fergusson, Leopoldo; Guerra, José-Alberto; Robinson, … - National Bureau of Economic Research - 2024
Since formal rules can only partially reduce opportunistic behavior, third-party sanctioning to promote fairness is critical to achieving desirable social outcomes. Social norms may underpin such behavior, but they can also undermine it. We study one such norm the "don't be a toad" norm, as it...
Persistent link: https://www.econbiz.de/10014635680
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Ode to the sea : Workplace Organizations and Norms of Cooperation
Gneezy, Uri - 2014
The functioning and well-being of any society and organization critically hinges on norms of cooperation that regulate …
Persistent link: https://www.econbiz.de/10012458432
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Prospect Theory and Asset Prices
Barberis, Nicholas - 1999
We propose a new framework for pricing assets, derived in part from the traditional consumption-based approach, but which also incorporates two long-standing ideas in psychology: prospect theory, and evidence on how prior outcomes affect risky choice. Consistent with prospect theory, the...
Persistent link: https://www.econbiz.de/10012471569
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Persuading with Anecdotes
Haghtalab, Nika; Immorlica, Nicole; Lucier, Brendan; … - National Bureau of Economic Research - 2021
We study a model of social learning and communication using hard anecdotal evidence. There are two Bayesian agents (a sender and a receiver) who wish to communicate. The receiver must take an action whose payoff depends on their personal preferences and an unknown state of the world. The sender...
Persistent link: https://www.econbiz.de/10012510540
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Myopic Loss Aversion and Investment Decisions : from the Laboratory to the Field
Iqbal, Kazi; Islam, Asad; List, John A.; Nguyen, Vy - National Bureau of Economic Research - 2021
Whether, and to what extent, behavioral anomalies uncovered in the lab manifest themselves in the field remains of first order importance in finance and economics. We begin by examining behavior of retail traders/investors making investment decisions in constructed laboratory markets. Our...
Persistent link: https://www.econbiz.de/10012510609
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Loss Aversion or Lack of Trust : Why Does Loss Framing Work to Encourage Preventative Health Behaviors?
Beam, Emily A.; Masatlioglu, Yusufcan; Watson, Tara; … - National Bureau of Economic Research - 2022
We implemented a field experiment designed to increase participants' willingness to visit a health clinic. We find differential responses to a $50 incentive framed as a loss versus framed as a gain. We find little support for the notion that loss aversion is responsible for the effectiveness of...
Persistent link: https://www.econbiz.de/10013172128
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On Testing Continuity and the Detection of Failures
Backus, Matthew - 2019
Estimation of discontinuities is pervasive in applied economics: from the study of sheepskin effects to prospect theory and "bunching" of reported income on tax returns, models that predict discontinuities in outcomes are uniquely attractive for empirical testing. However, existing empirical...
Persistent link: https://www.econbiz.de/10012479965
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Expectations-Based Loss Aversion May Help Explain Seemingly Dominated Choices in Strategy-Proof Mechanisms
Dreyfuss, Bnaya - 2019
Deferred Acceptance (DA), a widely implemented algorithm, is meant to improve allocations: under classical preferences, it induces preference-concordant rankings. However, recent evidence shows that--in both real, large-stakes applications and experiments--participants frequently play seemingly...
Persistent link: https://www.econbiz.de/10012480338
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Revealed Preference Analysis with Framing Effects
Goldin, Jacob - 2018
In many settings, decision-makers' behavior is observed to vary based on seemingly arbitrary factors. Such framing effects cast doubt on the welfare conclusions drawn from revealed preference analysis. We relax the assumptions underlying that approach to accommodate settings in which framing...
Persistent link: https://www.econbiz.de/10012480791