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reciprocity and guilt appear to be the major drivers for generous voluntary payments. Being inclined to follow social norms is a … industry ; reciprocity ; guilt ; social norms ; altruism ; fairness ; social-image concerns ; survey …
Persistent link: https://www.econbiz.de/10008747635
; theories of affect predict the reverse. In field and lab experiments, we allow people to donate from lottery winnings, varying …
Persistent link: https://www.econbiz.de/10011346238
-regarding preferences ; social preferences ; decision making under risk ; single-peaked preferences ; experiments …
Persistent link: https://www.econbiz.de/10009306937
experimental literature we find evidence that tipping is motivated by reciprocity, but also by reputation concerns among frequent … imitator types. -- social preferences ; reciprocity ; moral hazard ; reputation ; Internet ; psychological game theory …
Persistent link: https://www.econbiz.de/10003833189
Absentmindedness is a special case of imperfect recall which according to Piccione and Rubinstein (1997a) leads to time inconsistencies. Aumann, Hart and Perry (1997a) question their argument and show how dynamic inconsistencies can be resolved. The present paper explores this issue from a...
Persistent link: https://www.econbiz.de/10003980493
. -- Portfolio selection ; evolution of expertise ; advice ; heuristics ; evolutionary finance ; experiments …
Persistent link: https://www.econbiz.de/10003796833
Persistent link: https://www.econbiz.de/10001487103
We test the implications of ambiguity aversion in a principal-agent problem with multiple agents. Models of ambiguity aversion suggest that, under ambiguity, comparative compensation schemes may become more attractive than independent wage contracts. We test this by presenting agents with a...
Persistent link: https://www.econbiz.de/10009545983
The emergence of Pay-What-You-Want (PWYW) business models as a successful alternative to conventional uniform pricing brings up new questions related to the task of pricing. We investigate the effect of a reduction of privacy on consumers' purchase decisions (whether to buy, and if so how much...
Persistent link: https://www.econbiz.de/10009792172
The emergence of Pay-What-You-Want (PWYW) business models as a successful alternative to conventional uniform pricing brings up new questions related to the task of pricing. We investigate the effect of a reduction of privacy on consumers' purchase decisions (whether to buy, and if so how much...
Persistent link: https://www.econbiz.de/10009684977