Showing 1 - 10 of 14
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
We analyse two types of belief-dependant models of social preferences: guilt aversion and reciprocity. In particular …, we test the relevance of their input variables (second-order beliefs and general dispositions for guilt/reciprocity). The … data confirm the predictions of belief-dependant models. Both second-order beliefs and a participant's sensitivity to guilt/reciprocity …
Persistent link: https://www.econbiz.de/10008671387
People exhibit group reciprocity when they retaliate, not against the person who harmed them, but against somebody else … in that person's group. Group reciprocity may be a key motivation behind intergroup conflict. We investigated group … reciprocity in a laboratory experiment. After a group identity manipulation, subjects played a Prisoner's Dilemma with others from …
Persistent link: https://www.econbiz.de/10008675291
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
We experimentally test the effect of enforceable non-compete clauses on working efforts. The employee can invest into the probability of making a profitable innovation. After a successful innovation (Win) the employee may want to leave the firm (Shift) whereas after an innovation failure (Lose)...
Persistent link: https://www.econbiz.de/10010695879
We report evidence from an experiment where a principal chooses an agent out of two to perform a task for a fixed compensation. The principal's payoff depends on the agent's ex-ante ability and on a non-contractible effort that the agent has to exert once employed. We find that a significant...
Persistent link: https://www.econbiz.de/10010570355
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
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
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
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