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agents; (3) perceptions of fairness are prone to the so-called self-serving bias. (4) expectations are often not consistent …
Persistent link: https://www.econbiz.de/10004968336
an experiment that considers each theory in stand-alone form, so that one does not rely on the other in any substantial …
Persistent link: https://www.econbiz.de/10004968239
retribution, where retribution is more compelling than reciprocity. The equal division principle is the dominant fairness norm …
Persistent link: https://www.econbiz.de/10004968245
We report on a two-person bargaining experiment, where both players were represented by groups of three persons each … justified by fairness considerations. 2. Payoffs in sessions with low alternatives for strong groups do not differ significantly …
Persistent link: https://www.econbiz.de/10004968306
Video taped group decision experiments on a two-person investment game were used to elicit the motivational structure of subjects' behavior. A majority of investors trusted (invested) and a majority of receivers reciprocated (returned). Cognition and decision were focused on extremes: total or...
Persistent link: https://www.econbiz.de/10004968314
) negative welfare effects, and (3) high penalties when discovered. We separate the influences of these factors in an experiment … exclusion from the experiment without payment. The results show that reciprocity establishes bribery relationships, where …
Persistent link: https://www.econbiz.de/10004968325
In a bribery experiment, we test the hypothesis that distributive fairness considerations make relatively well …
Persistent link: https://www.econbiz.de/10004968346
efficiency. The paper contributes to the literature on voting-by-feet, institutional design, ethics and social preferences. …
Persistent link: https://www.econbiz.de/10004968383
effects compared to adverse effects due to fairness considerations. We argue that the dispersion of wage increases rather than …
Persistent link: https://www.econbiz.de/10004968421
Experimentally observed deviations of behavior from game theoretic predictions suggest that fairness does influence … decision making. Fairness in the sense of equality has become an essential element of economic models aiming at explaining … only fairness norm to be taken into account. More equity norms than equality exist, including inequality of payoffs. Since …
Persistent link: https://www.econbiz.de/10004968456