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Imperfect Recall and Time Inconsistencies: An experimental test of the absentminded driver "paradox"
Levati, Vittoria M.; Uhl, Matthias; Ro'i Zultan - Wirtschaftswissenschaftliche Fakultät, … - 2010
Absentmindedness is a special case of imperfect recall which according to Piccione and Rubinstein (1997a) leads to time inconsistencies. Aumann, Hart and Perry (1997a) question their argument and show how dynamic inconsistencies can be resolved. The present paper explores this issue from a...
Persistent link: https://www.econbiz.de/10008511322
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Overweighting Private Information: Three Measures, One Bias?
Fellner, Gerlinde; Krügel, Sebastian - Wirtschaftswissenschaftliche Fakultät, … - 2010
-cue probability learning to obtain a direct measure for overweighting private information. We find that overweighting private …
Persistent link: https://www.econbiz.de/10008483761
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Learning in Networks - An Experimental Study using Stationary Concepts
Berninghaus, Siegried K.; Neumann, Thomas; Vogt, Bodo - Wirtschaftswissenschaftliche Fakultät, … - 2011
Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 x 2 … response equilibrium, action-sampling equilibrium, payoff-sampling equilibrium, and impulse balance equilibrium) and the … order shown by Selten and Chmura. This result supports our view that learning in networks is different from learning in …
Persistent link: https://www.econbiz.de/10009318135
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Effects of Information on Intentionality Attributions and Judgments - Punishing Negligence and Praising the Caring for Information
Haupt, Andreas; Uske, Tobias - Wirtschaftswissenschaftliche Fakultät, … - 2010
Understanding how observers attribute intentionality to people in the focus of their attention helps in shedding light on punishment behavior. In this paper we approach impartial observers' attributions of intentionality and the attachment of praise and blame to perpetrators of external effects....
Persistent link: https://www.econbiz.de/10008511323
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Unraveling Fairness in Simple Games? The Role of Empathy and Theory of Mind
Artinger, Florian; Exadaktylos, Fillipos; Sääksvuori, … - Wirtschaftswissenschaftliche Fakultät, … - 2010
Economists have been theorizing that other-regarding preferences influence decision making. Yet, what are the corresponding psychological mechanisms that inform these preferences in laboratory games? Empathy and Theory of Mind (ToM) are dispositions considered to be essential in social...
Persistent link: https://www.econbiz.de/10008511334
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What renders financial advisors less treacherous? - On commissions and reciprocity -
Popva, Vera - Wirtschaftswissenschaftliche Fakultät, … - 2010
An advisor is supposed to recommend a financial product in the best interest of her client. However, the best product for the client may not always be the product yielding the highest commission (paid by product providers) to the advisor. Do advisors nevertheless provide truthful advice? If not,...
Persistent link: https://www.econbiz.de/10008511336
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More than outcomes: A cognitive dissonance-based explanation of other-regarding behavior
Matthey, Astrid; Regner, Tobias - Wirtschaftswissenschaftliche Fakultät, … - 2011
Recent research has cast some doubt on the general validity of outcome-based models of social preferences. We develop a model based on cognitive dissonance that focuses on the importance of self-image. An experiment (a dictator game variant) tests the model. First, we find that subjects whose...
Persistent link: https://www.econbiz.de/10009023790
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Corporate Social Responsibility in the work place - Experimental evidence on CSR from a gift-exchange game
Koppel, Hannes; Regner, Tobias - Wirtschaftswissenschaftliche Fakultät, … - 2011
We analyze the effect of investments in corporate social responsibility (CSR) on workers' motivation. In our experiment, a gift exchange game variant, CSR is captured by donating a certain share of profits to a charity. We are testing for CSR effects by varying the possible share of profits...
Persistent link: https://www.econbiz.de/10009144129
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Moral Emotions and Partnership
Bracht, Jürgen; Regner, Tobias - Wirtschaftswissenschaftliche Fakultät, … - 2011
Actual behaviour is influenced in important ways by moral emotions, for instance guilt or shame (see, among others, Tangney et al., 2007). Belief-dependant models of social preferences using the framework of psychological games aim to consider such emotions to explain other-regarding behaviour....
Persistent link: https://www.econbiz.de/10009144133
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An experimental analysis of bounded rationality: Applying insights from behavioral economics to information systems
Brecht, Franziska; Günther, Oliver; Güth, Werner; … - Wirtschaftswissenschaftliche Fakultät, … - 2011
The paradigm of bounded rationality considers the limited ability of individuals to make consistent and rational choices. Due to the scarcity of research on this phenomenon in information systems, we conducted an experimental study investigating decision-making regarding risk preferences and...
Persistent link: https://www.econbiz.de/10009391903