Showing 1 - 10 of 2,687
in biology and the social sciences. Recent experimental evidence suggests that altruistic punishment is an important … mechanism to maintain cooperation among humans. In this paper we explore the boundary conditions for altruistic punishment to … maintain cooperation by systematically varying the cost and impact of punishment, using a subject pool which extends beyond the …
Persistent link: https://www.econbiz.de/10011343948
Persistent link: https://www.econbiz.de/10009722686
dictator game. In our experiment teams are more selfish than individuals, and the most selfish team member has the strongest …
Persistent link: https://www.econbiz.de/10011349704
-making experiment preceding the take game. The gameconsists of two stages. In the first stage, the take authority decides howmuch income … punishment behavior. (3) Thereare discontinuous "jumps" in the behavior of responders. They either chooseno punishment (destroy … nothing) or the highest level of punishment (destroyeverything). (4) Expectations have a significant effect on the …
Persistent link: https://www.econbiz.de/10011301155
in biology and the social sciences. Recent experimental evidence suggests that altruistic punishment is an important … mechanism to maintain cooperation among humans. In this paper we explore the boundary conditions for altruistic punishment to … maintain cooperation by systematically varying the cost and impact of punishment, using a subject pool which extends beyond the …
Persistent link: https://www.econbiz.de/10002982884
In experimental investigations of the effect of real incentives, accountability-the implicit or explicit expectation of … incentives themselves. This confounding of accountability with incentives makes causal attributions of any effects found … problematic. We separate accountability and incentives, and find different effects. Accountability is found to reduce preference …
Persistent link: https://www.econbiz.de/10011376460
Traditional finance is built on the rationality paradigm. This chapter discusses simple models from an alternative approach in which financial markets are viewed as complex evolutionary systems. Agents are boundedly rational and base their investment decisions upon market forecasting heuristics....
Persistent link: https://www.econbiz.de/10011376458
We experimentally investigate how price expectations are formed in a large asset market where subjects' only task is to forecast the future price of a risky asset. The realized prices depend on these expectations. We observe small (6 participants) and large markets (about 100 participants). In...
Persistent link: https://www.econbiz.de/10011979625
This experiment compares the price dynamics and bubble formation in an asset market with a price adjustment rule in …
Persistent link: https://www.econbiz.de/10011333057
We investigate expectation formation in a controlled experimental en-vironment. Subjects are asked to predict the price in a standard asset pricingmodel. They do not have knowledge of the underlying market equilibrium equa-tions, but they know all past realized prices and their own predictions....
Persistent link: https://www.econbiz.de/10011333274