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The value of vulnerability : the transformative capacity of risky trust
Bruni, Luigino; Tufano, Fabio - 2015
The "grammar of trust" is one the most explored loci in game theory and behavioural economics. However, still much needs to be understood about the nature of trust in non-enforceable, personalised interactions, in markets and within organizations. This experimental study aims at contributing to...
Persistent link: https://www.econbiz.de/10011391585
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How do risk attitudes affect measured confidence?
Murad, Zahra; Sefton, Martin; Starmer, Chris - 2015
We examine the relationship between confidence in own absolute performance and risk attitudes using two confidence … elicitation procedures: self-reported (non-incentivised) confidence and an incentivised procedure that elicits the certainty … risk attitudes. Finally, we find that self-reported confidence correlates significantly with features of individual risk …
Persistent link: https://www.econbiz.de/10011434351
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The value of vulnerability : the transformative capacity of risky trust
Bruni, Luigino; Tufano, Fabio - 2016
The 'grammar of trust' is one of the most explored loci in behavioural and experimental economics. This experimental study aims at contributing to the understanding of new dimensions of trust by exploring how risky trust may foster a trustee's behavioural change. It investigates trustee's...
Persistent link: https://www.econbiz.de/10011569227
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Who makes a good leader? : cooperativeness, optimism and leading-by-example
Gächter, Simon; Nosenzo, Daniele; Renner, Elke; … - 2009
We examine the characteristics of effective leaders in a simple leader-follower voluntary contributions game. We focus on two factors: the individual's cooperativeness and the individual's beliefs about the cooperativeness of others. We find that groups perform best when led by those who are...
Persistent link: https://www.econbiz.de/10003898818
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Conditional cooperation and betrayal aversion
Cubitt, Robin P.; Gächter, Simon; Quercia, Simone - 2015
We investigate whether there is a link between conditional cooperation and betrayal aversion. We use a public goods game to classify subjects by type of contribution preference and by belief about the contributions of others; and we measure betrayal aversion for different categories of subject....
Persistent link: https://www.econbiz.de/10011300140
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On the elicitation and measurement of betrayal aversion
Quercia, Simone - 2015
Betrayal aversion has been operationalized as the evidence that subjects demand a higher risk premium to take social risks compared to natural risks. This evidence has been first shown by Bohnet and Zeckhauser (2004) using an adaptation of the Becker-DeGroot-Marshak mechanism (BDM, Becker et al....
Persistent link: https://www.econbiz.de/10010530639
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Trust, trustworthiness and the consensus effect : an evolutionary approach
Adriani, Fabrizio; Sonderegger, Silvia - 2013
People often form expectations about others using the lens of their own attitudes (the so-called consensus effect). We study the implications of this for trust and trustworthiness. Trustworthy individuals are more \optimistic" than opportunists and are accordingly less afraid to engage in...
Persistent link: https://www.econbiz.de/10010194809
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The enforcement of mandatory disclosure rules
Dahm, Matthias; González, Paula; Porteiro, Nicolás - 2016
This paper examines the incentives of a firm to invest in information about the quality of its product and to disclose its findings. If the firm holds back information, it might be detected and fined. We show that optimal monitoring is determined by a trade-off. Stricter enforcement reduces the...
Persistent link: https://www.econbiz.de/10011456848
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How do risk attitudes affect measured confidence?
Murad, Zahra; Sefton, Martin; Starmer, Chris - 2014
We examine confidence in own absolute performance using two elicitation procedures: selfreported (non …-incentivised) confidence and an incentivised procedure that elicits the certainty equivalent of a bet based on performance. The former … incentivised procedure leads to significant underconfidence, and does not lead to better calibration between confidence and …
Persistent link: https://www.econbiz.de/10010344292
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Institutions, opportunism and prosocial behavior : some experimental evidence
Cabrales, Antonio; Clots-Figueras, Irma; Hernán … - 2020
prosocial behavior. We conduct a large-scale online experiment where we add the possibility of purchasing insurance to safeguard …
Persistent link: https://www.econbiz.de/10012239472