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This paper explores a general model of the evolution and adaption of hedonic utility. It is shown that optimal utility will be increasing strongly in regions where choices have to be made often and decision mistakes have a severe impact on fitness. Several applications are suggested. In the...
Persistent link: https://www.econbiz.de/10005051693
This paper presents experimental evidence that contributions to a public good can be path-dependent for a limited time span. We study a repeated linear public-good game with punishment opportunities. Our data shows that subjects who had experienced a higher marginal return on public-good...
Persistent link: https://www.econbiz.de/10009225723
experiment with four types of contracts (standard debt contract, outside equity, non-monotonic contract, full-subsidy contract …
Persistent link: https://www.econbiz.de/10009325864
’ truth telling is absolute or depends on the size of a lie. In a laboratory experiment we compare punishment for different …
Persistent link: https://www.econbiz.de/10009644468
We present experimental evidence on the existence of disadvantageous lies. Literature so far assumes that people do not lie to their monetary disadvantage. However, some people have preferences for appearing honest. If the utility gained from appearing honest outweighs the monetary payoff gained...
Persistent link: https://www.econbiz.de/10009359469
Taking the initiative is a crucial element of leadership and an important asset for many jobs. We assess leadership in a game in which it emerges spontaneously since people have a non-obvious possibility to take the initiative. Combining this game with small experimental games and...
Persistent link: https://www.econbiz.de/10008740238
laboratory experiment I examine how confessions work. I analyze whether the willingness to punish harmful failures depends on how …
Persistent link: https://www.econbiz.de/10008740239
experiment in which a committee decides sequentially on three independent bills. Selfish committee members would turn down all …
Persistent link: https://www.econbiz.de/10008740240
This paper presents experimental evidence that tax compliance is path dependent. We show that individuals faced with the same current tax enforcement parameters, will nevertheless choose different compliance if they have faced different tax enforcement parameters in the past. This finding has...
Persistent link: https://www.econbiz.de/10008740241
experiment four subsidiaries of the same parent operate in the same market. Parents earn a specific share of the joint profit and …
Persistent link: https://www.econbiz.de/10008740242