Showing 1 - 10 of 26
them concerns the question of “who punishes”. In the first approach, punishment is executed by the group members themselves … individually, i.e., punishment is decentral in nature. The second approach is based on the idea that individuals may be willing to … delegate the punishment to a central, external authority. The key questions to answered are, whether individuals are willing …
Persistent link: https://www.econbiz.de/10005137197
This experimental study investigates how behavior changes after punishment for an unkind action. It also studies how … fairness perceptions affect the reaction to punishment and whether this effect is consistent across repeated play and role …
Persistent link: https://www.econbiz.de/10005136864
-making experiment preceding the take game. The game consists of two stages. In the first stage, the take authority decides how much …) Irritation and contempt drive punishment behavior. (3) There are discontinuous “jumps” in the behavior of responders. They either … choose no punishment (destroy nothing) or the highest level of punishment (destroy everything). (4) Expectations have a …
Persistent link: https://www.econbiz.de/10005137100
anger, ‘social’ emotions like shame and guilt need to be present for punishment to be an effective deterrent of …
Persistent link: https://www.econbiz.de/10005137115
requires not only mutual trust, like simple exchange, but also a substantial degree of coordination. We examine whether players …
Persistent link: https://www.econbiz.de/10005209458
We investigate expectation formation in a controlled experimental en- vironment. Subjects are asked to predict the price in a standard asset pricing model. They do not have knowledge of the underlying market equilibrium equa- tions, but they know all past realized prices and their own...
Persistent link: https://www.econbiz.de/10005137028
This paper investigates strategic interactions between a private highway operator and a private transit operator who uses the same highway for its services. Heterogeneity of travellers is taken into account by considering a continuous distribution of values of time. Demand elasticity arises from...
Persistent link: https://www.econbiz.de/10005137164
This contribution deals with the fundamental critique in Dinar et al. (1992, Theory and Decision 32) on the use of Game theory in water management: People are reluctant to monetary transfers unrelated to water prices and game theoretic solutions impose a computational burden. For the bilateral...
Persistent link: https://www.econbiz.de/10005137218
In this paper the well-known minimax theorems of Wald, Ville and Von Neumann are generalized under weaker topological conditions on the payoff function <i>f</i> and/or extended to the larger set of the Borel probability measures instead of the set of mixed strategies.
Persistent link: https://www.econbiz.de/10005450809
verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective …
Persistent link: https://www.econbiz.de/10005209452