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The investment game with asymmetric information
Coricelli, Giorgi; Morales, Luis Gonzalez; Mahlstedt, Amelie - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003
We analyze the effects of introducing asymmetric information andexpectations in the investment game (Berg et al., 1995). In our experiment,only the trustee knows the size of the surplus. Subjects’expectations about each other’s behavior are also elicited. Our resultsshow that average payback...
Persistent link: https://www.econbiz.de/10005866876
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Age and the development of trust and reciprocity
Sutter, Matthias; Kocher, Martin G. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003
We examine the degree of trust and reciprocity in an experimental trust game with 662 participants from six different … age groups, ranging from 8 year old primary school children to retired persons in their late sixties. Although both trust … research has devoted surprisingly little attention to their development with age. Our results provide clear evidence that trust …
Persistent link: https://www.econbiz.de/10005866861
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Religion and trust: an experimental study
Tan, Jonathan H. W.; Vogel, Claudia - 2005
We investigate the relationship between religion and trust. Using a questionnaire, we measure: i) general religiosity …, and; ii) the extent of religious beliefs, experience, and ritual. These are then analyzed with behaviour in a trust game …
Persistent link: https://www.econbiz.de/10010297242
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Trust in cooperation or ability? - An experimental study on gender differences
Schwieren, Christiane; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003
We examine experimentally two different types of trust: trust in another party's cooperation and trust in ability. In …
Persistent link: https://www.econbiz.de/10005866903
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Are we nice(r) to nice(r) people? An Experimental Analysis
Albert, Max; Güth, Werner; Kirchler, Erich; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002
by allowing participants to condition their choices in an asymmetric prisoner's dilemma and a trust game (i) on their …
Persistent link: https://www.econbiz.de/10005867074
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Fairness versus Efficiency - An Experimental Study of (Mutual) Gift Giving
Güth, Werner; Kliemt, Hartmut; Ockenfels, Axel - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002
Fairness is a strong concern as shown by dictator and ultimatum experiments. Efficiency, measured by the sum of individual payoffs, is a potentially competing concern in games such as the prisoners' dilemma. In our experiment participants can increase efficiency by gift giving. In the one-sided...
Persistent link: https://www.econbiz.de/10005867006
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Efficiency-Morality Trade-Offs in Repugnant Transactions : A Choice Experiment
Elias, Julio - 2016
Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors. Preferences were heterogeneous, ranging from...
Persistent link: https://www.econbiz.de/10012979667
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Wages, Length of Relationship and Bargaining Power:An experimental study in a world of complete contracts
Dittrich, Dennis A. V. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004
To explain potential sources of wage rigidity this article analyzes a model of reciprocalkindness applied to a repeated ultimatum game with changing and nonzeroconflict payoffs. The model is also tested in a laboratory experiment. The resultsare compatible with the rentsharingapproach to wage...
Persistent link: https://www.econbiz.de/10005866814
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Indirect Reciprocity in Cyclical Networks- An Experimental Study
Greiner, Ben; Levati, Maria Vittoria - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003
A cyclical network of indirect reciprocity is derived organizing 3- or6-person groups into rings of social interaction where the first individualcan help the second, the second the third, and so on till the last, who inreturn can help the first. Mutual cooperation is triggered by assuming...
Persistent link: https://www.econbiz.de/10005866914
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Individual versus group behavior and the role of the decision making procedure in gift-exchange experiments
Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002
We test for behavioral differences between groups and individuals in gift-exchange experiments. Related studies establish group behavior as typically closer to the game-theoretic equilibrium. We show that this result my depend crucially on the decision making procedure within groups. A novel...
Persistent link: https://www.econbiz.de/10005867021