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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
The market for retail financial products (e.g. investment funds or insurances) is marred by information asymmetries. Clients are not well informed about the quality of these products. They have to rely on the recommendations of advisors. Incentives of advisors and clients may not be aligned,...
Persistent link: https://www.econbiz.de/10010539175
more than necessary. We control for individual response- as well as sample selection-bias and find that reciprocity appears …
Persistent link: https://www.econbiz.de/10008751289
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
equilibrium. we particularly focus on the reciprocity in case of complete and incomplete information about the payoffi distortion … player believes that his opponent behaves with "large" reciprocity in incomplete information environment. …
Persistent link: https://www.econbiz.de/10008500800
Bloggers devote significant time not only producing content for others to read, watch or listen to, but also paying attention to and engaging in interactions with other bloggers. We hope to throw light not only on the factors that gain bloggers significant readership and lively interactions with...
Persistent link: https://www.econbiz.de/10008472641
experimental literature we find evidence that tipping is motivated by reciprocity, but also by reputation concerns among frequent …
Persistent link: https://www.econbiz.de/10005012075
concerns for reciprocity. The resulting sequential reciprocity equilibrium corresponds to the observed pattern of behaviour. We …
Persistent link: https://www.econbiz.de/10005090464
I conduct an experiment to assess whether majority voting on a non- binding sharing norm affects subsequent behavior in a dictator game. In a baseline treatment, subjects play a one shot dictator game. In a voting treatment, subjects are ï¬rst placed behind a 'veil of ignorance' and vote on...
Persistent link: https://www.econbiz.de/10005051032
, reciprocity and compatibility. Based on ï¬rm data gathered for three different regions, Northern Hesse, Jena and Sophia Antipolis …
Persistent link: https://www.econbiz.de/10005032017