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Diagnostic Uncertainty and Insurance Coverage in Credence Goods Markets
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2021
Credence goods markets – like for health care or repair services – with their informational asymmetries between sellers and customers are prone to fraudulent behavior of sellers and resulting market inefficiencies. We present the first model that considers both diagnostic uncertainty of...
Persistent link: https://www.econbiz.de/10013314966
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Homophily and Transmission of Behavioral Traits in Social Networks
Bhargava, Palaash; Chen, Daniel L.; Sutter, Matthias; … - 2023
about how these traits are related to social networks. Based on unique data collected using incentivized experiments on more …
Persistent link: https://www.econbiz.de/10014290261
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The Roots of Cooperation
Bašic, Zvonimir; Bindra, Parampreet Christopher; … - 2021
reciprocity, and third-party punishment – emerges earliest as a means to increase cooperation in a repeated prisoner’s dilemma … reciprocate others’ behavior, yet direct and indirect reciprocity do not increase overall cooperation rates. We also examine the …
Persistent link: https://www.econbiz.de/10012799704
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The Roots of Cooperation
Basic, Zvonimir; Bindra, Parampreet Christopher; … - 2021
and indirect reciprocity as well as third-party punishment – emerges earliest as an effective means to increase … of defectors is applied. Children also engage in reciprocating others, showing that reciprocity strategies are already … prevalent at a very young age. However, direct and indirect reciprocity treatments do not increase overall cooperation rates, as …
Persistent link: https://www.econbiz.de/10012599232
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The Effect of Language on Economic Behavior: Experimental Evidence from Children's Intertemporal Choices
Sutter, Matthias; Angerer, Silvia; Rützler, Daniela; … - 2015
According to Chen’s (2013) linguistic-savings hypothesis, languages which grammatically separate the future and the present (like English or Italian) induce less future-oriented behavior than languages in which speakers can refer to the future by using present tense (like German). We...
Persistent link: https://www.econbiz.de/10011388218
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An experimental study on the effects of communication, credibility, and clustering in network games
Charness, Gary; Feri, Francesco; Meléndez-Jiménez, … - 2019
The effectiveness of social interaction depends strongly on an ability to coordinate actions efficiently. In large networks, such coordination may be very difficult to achieve and may depend on the communication technology and the network structure. We examine how pre-play communication and...
Persistent link: https://www.econbiz.de/10012052765
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Collective Intertemporal Decisions and Heterogeneity in Groups
Glätzle-Rützler, Daniela; Lergetporer, Philipp; … - 2019
Many important intertemporal decisions, such as investments of firms or households, are made by groups rather than individuals. Little is known what happens to such collective decisions when group members have different incentives for waiting, because the economics literature on group decision...
Persistent link: https://www.econbiz.de/10012052822
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The development of egalitarianism, altruism, spite and parochialism in childhood and adolescence
Fehr, Ernst; Rützler, Daniela; Sutter, Matthias - 2011
We study how the distribution of other-regarding preferences develops with age. Based on a set of allocation choices, we can classify each of 717 subjects, aged 8 to 17 years, as either egalitarian, altruistic, or spiteful. Varying the allocation recipient as either an in-group or an out-group...
Persistent link: https://www.econbiz.de/10010274872
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Security of property as a public good: Institutions, socio-political environment and experimental behavior in five countries
Campos-Ortiz, Francisco; Putterman, Louis; Ahn, T. K.; … - 2012
We study experimentally the protection of property in five widely distinct countries- Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly different...
Persistent link: https://www.econbiz.de/10010290765
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An Experimental Study on the Effects of Communication, Credibility, and Clustering in Network Games
Charness, Gary - 2019
The effectiveness of social interaction depends strongly on an ability to coordinate actions efficiently. In large networks, such coordination may be very difficult to achieve and may depend on the communication technology and the network structure. We examine how pre-play communication and...
Persistent link: https://www.econbiz.de/10012866385