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Does Market Interaction Erode Moral Values?

Özdemir, Yagiz - 2020

The widespread use of markets leads to unprecedented material well-being in many societies. We study whether market interaction, as a side effect, erodes moral values. An encompassing understanding of the virtues and vices of markets, including their possible impact on moral values, is necessary...

Persistent link: https://www.econbiz.de/10012823552

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

Intelligence Disclosure and Cooperation in Repeated Interactions

Lambrecht, Marco; Proto, Eugenio; Rustichini, Aldo; … - 2021

We investigate in a laboratory setting whether revealing information on intelligence affects behavior in games with repeated interactions. In our experimental design we communicate information on the cognitive ability of both players. We use three stage games: Prisoners’ Dilemma (PD) and two...

Persistent link: https://www.econbiz.de/10013322849

Reverse Bayesianism : Revising Beliefs in Light of Unforeseen Events

Becker, Christoph K.; Melkonyan, Tigran; Proto, Eugenio; … - 2021

Bayesian updating is the dominant theory of learning. However, the theory is silent about how individuals react to events that were previously unforeseeable or unforeseen. Building on a recently developed axiomatic framework to analyze such situations, we test if subjects update their beliefs...

Persistent link: https://www.econbiz.de/10013227484

Fairness and the optimal allocation of ownership rights

Fehr, Ernst; Kremhelmer, Susanne; Schmidt, Klaus M. - 2005

We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that subjects attain the most efficient ownership allocation despite starting...

Persistent link: https://www.econbiz.de/10010261192

Contracts, fairness, and incentives

Fehr, Ernst; Klein, Alexander; Schmidt, Klaus M. - 2004

We show experimentally that fairness concerns may have a decisive impact on both the actual and the optimal choice of … inferior when some agents value fairness. Conversely, implicit bonus contracts that are doomed to fail among purely selfish … recently developed theories of fairness, which also offer interesting new insights into the interaction of contract choices …

Persistent link: https://www.econbiz.de/10010261212