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Revealed Distributional Preferences: Individuals vs. Teams

Balafoutas, Loukas; Kerschbamer, Rudolf; Kocher, Martin G. - Volkswirtschaftliche Fakultät, … - 2013

that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the … benevolence in the domain of advantageous inequality is similar across decision makers. A consequence for the frequency of … preference types is that while a substantial fraction of individuals is classified as inequality averse, this type disappears …

Persistent link: https://www.econbiz.de/10010897339

Peer Effects in Risk Taking

Lahno, Amrei M.; Serra-Garcia, Marta - Volkswirtschaftliche Fakultät, … - 2012

This paper examines the effect of peers on individual risk taking. In the absence of informational motives, we investigate why social utility concerns may drive peer effects. We test for two main channels: utility from payoff differences and from conforming to the peer. We show experimentally...

Persistent link: https://www.econbiz.de/10010897331

The Role of Equality and Equity in Social Preferences

Fehr, Ernst; Näf, Michael; Schmidt, Klaus M. - Volkswirtschaftliche Fakultät, … - 2005

Engelmann and Strobel (AER 2004) question the relevance of inequity aversion in simple dictator game experiments … of the E&S experiments were undergraduate students of economics and business administration who self-selected into their …

Persistent link: https://www.econbiz.de/10005121219

Net-Loss Reciprocation and the Context Dependency of Economic Choices

König, Clemens - Volkswirtschaftliche Fakultät, … - 2013

This paper proposes a novel explanation for the context dependency of individual choices in two-player games. Context dependency refers to the well-established phenomenon that a player, when choosing from a given opportunity set created by the other player’s strategy, chooses differently in...

Persistent link: https://www.econbiz.de/10011210866

Complexity and Biases

Kalaycı, Kenan; Serra-Garcia, Marta - Volkswirtschaftliche Fakultät, … - 2012

We examine experimentally the effect of complexity on individual decision making. We focus on credit choices, as they have been widely criticized for their complexity in recent years. In a first study, we find that complexity in benefits leads to random mistakes, while complexity in costs leads...

Persistent link: https://www.econbiz.de/10011210868

Do Women Have More Shame than Men? An Experiment on Self-Assessment and the Shame of Overestimating Oneself

Ludwig, Sandra; Thoma, Carmen - Volkswirtschaftliche Fakultät, … - 2012

We analyze how subjects’ self-assessment depends on whether its accuracy is observable to others. We find that women downgrade their selfassessment given observability while men do not. Women avoid the shame they may have if others observe that they overestimated themselves. Men, however, do...

Persistent link: https://www.econbiz.de/10011274508

Strong, Bold, and Kind: Self-Control and Cooperation in Social Dilemmas

Kocher, Martin G.; Martinsson, Peter; Myrseth, Kristian … - Volkswirtschaftliche Fakultät, … - 2012

We develop a model relating self-control, risk preferences and conflict identification to cooperation patterns in social dilemmas. We subject our model to data from an experimental public goods game and a risk experiment, and we measure conflict identification and self-control. As predicted, we...

Persistent link: https://www.econbiz.de/10009493827

Reference Points in Renegotiations: The Role of Contracts and Competition

Bartling, Björn; Schmidt, Klaus M. - Volkswirtschaftliche Fakultät, … - 2012

Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...

Persistent link: https://www.econbiz.de/10011106293

Promises and Image Concerns

Schütte, Miriam; Thoma, Carmen - Volkswirtschaftliche Fakultät, … - 2014

According to several psychological and economic studies, non-binding communication can be an effective tool to increase trust and enhance cooperation. This paper focuses on reasons why people stick to a given promise and analyzes to what extent image concerns of being perceived as a promise...

Persistent link: https://www.econbiz.de/10011106295

Social anchor effects in decision-making under ambiguity

Lahno, Amrei M. - Volkswirtschaftliche Fakultät, … - 2014

I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity. In a between-subjects design I vary whether subjects learn choices made individually by a "peer" in a first part when facing the same task a second time, and whether prospects...

Persistent link: https://www.econbiz.de/10010897328

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