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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 … fain by gift giving. Our results indicate that efficiency concerns are dominated by fairness concerns that are less …

Persistent link: https://www.econbiz.de/10005867006

Leadership in a public goods experiment with permanent and temporary members

Angelova, Vera; Güth, Werner; Kocher, Martin - 2019

We experimentally analyze leading by example in a public goods game with two permanent and two temporary group members. Our results show that leadership when permanent and temporary members interact leads to lower contributions than interaction without leadership.

Persistent link: https://www.econbiz.de/10012290333

Bargaining Outside the Lab –A Newspaper Experiment of a Three-Person Ultimatum Game

Güth, Werner; Schmidt, Carsten; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2005

In a large scale newspaper experiment 5,132 readers of the German weekly, Die Zeit, participated in a three-person bargaining game. In our data analysis we focus on (1) the influence of age, gender, profession and the medium chosen for participation on bargaining behavior and on (2) the external...

Persistent link: https://www.econbiz.de/10005867078

Trading Goods versus Sharing Money- An Experiment Testing Whether Fairness and Efficiencyare Frame Dependent

Berninghaus, Siegfried K.; Güth, Werner; Kirstein, Annette - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

Systematic experiments with distribution games (for a survey, see Roth, 1995, ) haveshown that participants are … strongly motivated by fairness and efficiency considerations.This evidence, however, results mainly from experimental designs … fairness are less influential. We investigate and confirm this frame dependencymore systematically by comparing net …

Persistent link: https://www.econbiz.de/10005866809

Social Learning of Efficiency Enhancing TradeWith(out) Market Entry Costs - An ExperimentalStudy

Chlaß, Nadine; Güth, Werner; Vanberg, Christoph - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

We investigate experimentally whether entry costs have an impact on the evolutionof cooperation in a social dilemma game. In particular, subjects repeatedly playthe so-called takeover game with anonymous partners randomly drawn from a fixedpopulation of participants. The game represents a social...

Persistent link: https://www.econbiz.de/10005866640

Social Networks and Employment- An Experimental Analysis

Berninghaus, Siegfried; Fischer, Sven; Güth, Werner - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

There is robust field data showing that a frequent and successful way of looking fora job is via the intermediation of friends and relatives. Here we want to explore thisexperimentally. Participants first play a simple public good game with two interactionpartners ("friends"), and share whatever...

Persistent link: https://www.econbiz.de/10005866648

I want to know:Willingness to pay for unconditional veto power

Gehrig, Thomas; Güth, Werner; Levinsky, Rene; Uske, Tobias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

In the Yes/No game, like in the ultimatum game, proposer and respondercan share a monetary reward. In both games the proposer suggests a rewarddistribution which the responder can accept or reject (yielding 0-payoffs). Thegames only differ in that the responder does (not) learn the suggested...

Persistent link: https://www.econbiz.de/10005866695

Satisficing or Optimizing?An Experimental Study

Fellner, Gerlinde; Güth, Werner; Martin, Ev - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

This experimental study investigates whether individuals preferbounded rationality over rational choice theory when facing simpleinvestment tasks. First, participants state some personal parametersthat serve as an input to render a theoretical approach, namelysatisficing or optimality,...

Persistent link: https://www.econbiz.de/10005866712

Is Satisficing Absorbable?An Experimental Study

Güth, Werner; Levati, M. Vittoria; Ploner, Matteo - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

We experimentally investigate whether the satisficing approach isabsorbable, i.e., whether it still applies after participants become awareof it. In a setting where an investor decides between a riskless bondand either one or two risky assets, we familiarize participants with thesatisficing...

Persistent link: https://www.econbiz.de/10005866714

Task Transcending Satisficing - An Experimental Study

Fellner, Gerlinde; Güth, Werner; Martin, Ev - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

The paper explores the applicability of the satisficing approach. Inparticular, we investigate whether basic principles of aspiration formationand satisficing behavior are transferable between similar situations.Individuals are sequentially confronted with two risky investmenttasks, a simple and...

Persistent link: https://www.econbiz.de/10005866716