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The stability of conditional cooperation: Egoism trumps reciprocity in social dilemmas

Andreozzi, Luciano; Ploner, Matteo; Saral, Ali Seyhun - 2019

An often-replicated result in the experimental literature on social dilemmas is that a large share of subjects reveal conditionally cooperative preferences. Cooperation generated by this type of preferences is notoriously unstable, as individuals reduce their contributions to the public good in...

Persistent link: https://www.econbiz.de/10012428595

Diagnostic uncertainty and insurance coverage in credence goods markets

Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2020

Credence goods markets - like for health care or repair services - with their informational asymmetries between sellers and customers are prone to fraudulent behavior of sellers and resulting market inefficiencies. We present the first model that considers both diagnostic uncertainty of sellers...

Persistent link: https://www.econbiz.de/10012434967

The fairness of inequality due to risk and effort choices

Sterba, Maj-Britt - 2022

. The fairness people assign to inequalities due to effort and external circumstances is widely studied. Insights on the … fairness of inequalities due to self-chosen effort and self-chosen risk, however, are lacking. I study a novel experimental … inequality is mostly seen as fair, around 10% of third-party redistribution decisions are in line with a fairness norm that only …

Persistent link: https://www.econbiz.de/10014327021

Manna from heaven for judges: Judges' reaction to a quasi-random reduction in caseload

Engel, Christoph; Weinshall, Keren - 2020

What is the impact of caseload on judicial decision-making? Is increasing judicial staff effective in improving judicial services? To address these questions, we exploit a natural, near-randomized experiment in the Israeli judiciary. In 2012, six senior registrars were appointed in two of the...

Persistent link: https://www.econbiz.de/10012428598

Homophily and transmission of behavioral traits in social networks

Bhargava, Palaash; Chen, Daniel L.; Sutter, Matthias; … - 2023

Social networks are a key factor of success in life, but they are also strongly segmented on gender, ethnicity, and other demographic characteristics (Jackson, 2010). We present novel evidence on an understudied source of homophily: behavioral traits. Behavioral traits are important determinants...

Persistent link: https://www.econbiz.de/10014327027

Serving consumers in an uncertain world: A credence goods experiment

Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2023

Credence goods markets are prone to fraudulent behavior and market inefficiencies due to informational asymmetries between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the information acquisition and provision decisions by...

Persistent link: https://www.econbiz.de/10014471682

Do economic preferences of children predict behavior?

Breitkopf, Laura; Chowdhury, Shyamal K.; Priyam, Shambhavi - 2024

We use novel data on nearly 6,000 children and adolescents aged 6 to 16 that combine incentivized measures of social, time, and risk preferences with rich information on child behavior and family environment to study whether children's economic preferences predict their behavior. Results from...

Persistent link: https://www.econbiz.de/10015046518

The roots of cooperation

Bašić, Zvonimir; Bindra, Parampreet Christopher; … - 2024

We study the developmental roots of cooperation in 929 young children, aged 3 to 6. In a unified experimental framework, we examine pre-registered hypotheses about which of three fundamental pillars of human cooperation - direct reciprocity, indirect reciprocity, and third-party punishment -...

Persistent link: https://www.econbiz.de/10015046529

Integrating machine behavior into human subject experiments: A user-friendly toolkit and illustrations

Engel, Christoph; Grossmann, Max R. P.; Ockenfels, Axel - 2024

Large Language Models (LLMs) have the potential to profoundly transform and enrich experimental economic research. We propose a new software framework, "alter_ego", which makes it easy to design experiments between LLMs and to integrate LLMs into oTree-based experiments with human subjects. Our...

Persistent link: https://www.econbiz.de/10015046579

The differential effect of narratives

Hillenbrand, Adrian; Verrina, Eugenio - 2018

Narratives pervade almost any aspect of our life and play a particularly important role in moral and prosocial decision-making. We study how positive (stories in favor of a prosocial action) and negative (stories in favor of a selfish action) narratives influence prosocial behavior. Our main...

Persistent link: https://www.econbiz.de/10012110572