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Kirchkamp, Oliver; Mill, Wladislaw - 2019

In this paper we use an experiment to compare a theory of risk aversion and a theory of spite as an explanation for overbidding in auctions. As a workhorse we use the second-price all-pay and the first-price winner-pay auction. Both risk and spite can be used to rationalize deviations from risk...

Persistent link: https://www.econbiz.de/10012018322

Conditional Cooperation and the Effect of Punishment

Kirchkamp, Oliver; Mill, Wladislaw - 2018

We study how punishment influences conditional cooperation. We ask two questions: 1) how does conditional cooperation change if a subject can be punished and 2) how does conditional cooperation change if a subject has the power to punish others. In particular, we disentangle the decision to be a...

Persistent link: https://www.econbiz.de/10011887375

Cross-Game Learning and Cognitive Ability in Auctions

Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin G. - 2021

Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we use...

Persistent link: https://www.econbiz.de/10012799696

The Roots of Cooperation

Bašic, Zvonimir; Bindra, Parampreet Christopher; … - 2021

We study the development of cooperation in 929 young children, aged 3 to 6. In a unified experimental framework, we examine pre-registered hypotheses about which of three fundamental pillars of human cooperation – direct and indirect reciprocity, and third-party punishment – emerges earliest...

Persistent link: https://www.econbiz.de/10012799704

Too Lucky to be True - Fairness Views under the Shadow of Cheating

Bortolotti, Stefania; Soraperra, Ivan; Sutter, Matthias; … - 2017

inequality, such as differences in effort, luck, or opportunities. We study how fairness views and the extent of redistribution … outcome. Although third parties cannot verify cheating, we find that the mere suspicion of cheating changes fairness views of ….e., participants who never redistribute. Without cheating opportunities, libertarian fairness views dominate, while egalitarian views …

Persistent link: https://www.econbiz.de/10011698730

I Lie? We Lie! Why? Experimental Evidence on a Dishonesty Shift in Groups

Kocher, Martin G.; Schudy, Simeon; Spantig, Lisa - 2016

Unethical behavior such as dishonesty, cheating and corruption occurs frequently in organizations or groups. Recent experimental evidence suggests that there is a stronger inclination to behave immorally in groups than individually. We ask if this is the case, and if so, why. Using a...

Persistent link: https://www.econbiz.de/10011522508

The Roots of Cooperation

Basic, Zvonimir; Bindra, Parampreet Christopher; … - 2021

Understanding the roots of human cooperation among strangers is of great importance for solving pressing social dilemmas and maintening public goods in human societies. We study the development of cooperation in 929 young children, aged 3 to 6. In a unified experimental framework, we examine...

Persistent link: https://www.econbiz.de/10012599232

The Causal Effect of Stop-Loss and Take-Gain Orders on the Disposition Effect

Fischbacher, Urs; Hoffmann, Gerson; Schudy, Simeon - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 2014

The disposition effect, i.e., the tendency to sell winning stocks too early and losing stocks too late is one of the most frequently observed and discussed biases of financial investors. We investigate in a laboratory experiment whether the option of automatic selling devices causally reduces...

Persistent link: https://www.econbiz.de/10010883481

Pivotality and Responsibility Attribution in Sequential Voting

Bartling, Björn; Fischbacher, Urs; Schudy, Simeon - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 2014

Are people blamed for being pivotal if they implement an unpopular outcome in a sequential voting process? We conduct an experimental voting game and analyze how pivotality affects responsibility attribution by parties who can be negatively affected by the voting outcome. We measure...

Persistent link: https://www.econbiz.de/10011070849