Showing 1 - 10 of 44
present a largescale experiment with 883 children and adolescents, aged eight to seventeen years. Participants make decisions …
Persistent link: https://www.econbiz.de/10010571478
Public good contribution in experiments may at least partially be driven by the social demand to contribute that is implicit in them. We consider a questionnaire measure and build a behavioural measure of sensitivity to social pressure based on paired dictator and money burning games; we find...
Persistent link: https://www.econbiz.de/10010571482
This paper examines how third-party surveillance influences preferences over distributional outcomes. In addition, we examine what motivates people to invest economic resources to monitor decision-making processes. Our results show that a large majority of individuals is willing to pay for a...
Persistent link: https://www.econbiz.de/10011201869
We study antisocial preferences in simple money-burning tasks. A decision maker can choose whether or not to reduce another person's payoff at an own cost. We vary across tasks the initial endowment of the decider and the victim. We find that most conventional expectations are refuted: Subjects...
Persistent link: https://www.econbiz.de/10010571495
Auctions often involve goods exhibiting a common knowledge ex-post risk that is independent of buyers' private values or their signals regarding common value components. Eso and White (2004) showed theoretically that ex-post risk leads to precautionary bidding for DARA bidders: Agents reduce...
Persistent link: https://www.econbiz.de/10010571485
This paper studies the relevance of equilibrium and nonequilibrium explanations of behavior, with respects to equilibrium refinement, as players gain experience. We investigate this experimentally using an incomplete information sequential move game with heterogeneous preferences and multiple...
Persistent link: https://www.econbiz.de/10010571487
bidders. A control experiment with selection in a simple choice task shows that subjects correctly anticipate the effects of …
Persistent link: https://www.econbiz.de/10010571488
authorities. However, differences in economic analysis are not the only reason for alternative decisions. We conduct an experiment … proof, volumes of evidence, cost of error and professional training. The experiment was conducted on current practitioners …
Persistent link: https://www.econbiz.de/10010571504
In a repeated public goods setting, we explore whether individuals, acting unilaterally, will provide an effective sanctioning institution. Subjects first choose unilaterally whether they will participate in a sanctioning stage that follows a contribution stage. Only those who gave themselves...
Persistent link: https://www.econbiz.de/10011103304
We devise a new experimental game by nesting a voluntary contributions mechanism in a broader spectrum of incentive schemes. With it, we study tensions between egalitarianism, equity concerns, self-interest, and the need for incentives. In a 2x2 design, subjects either vote on or exogenously...
Persistent link: https://www.econbiz.de/10011159141