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The rapid evolution of homo economicus : brief exposure to neoclassical assumptions increases self-interested behavior
Ifcher, John; Zarghamee, Homa S. - 2016
considerations moves behavior toward traditional economic rationality in UG, PD, and DG. Despite entering the study with higher …
Persistent link: https://www.econbiz.de/10011528153
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Are nurses more altruistic than real estate brokers?
Jacobsen, Karin; Eika, Kari H.; Helland, Leif; Lind, Jo … - 2011
We report results from a dictator game experiment with nurse students and real estate broker students as dictators, and Amnesty International as the recipient. Although brokers contributed substantial amounts, nurses contributed significantly more, on average 76 percent of their endowment. In a...
Persistent link: https://www.econbiz.de/10009307605
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Motivated belief updating and rationalization of information
Drobner, Christoph; Goerg, Sebastian J. - 2022
We study belief updating about relative performance in an ego-relevant task. Manipulating the perceived ego-relevance of the task, we show that subjects update their beliefs optimistically because they derive direct utility flows from holding positive beliefs. This finding provides a behavioral...
Persistent link: https://www.econbiz.de/10013433247
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Splitting Tournaments
Leuven, Edwin; Oosterbeek, Hessel; Klaauw, Bas van der - 2010
In this paper we investigate how heterogeneous agents choose among tournaments with different prizes. We show that if the number of agents is sufficiently small, multiple equilibria can arise. Depending on how the prize money is split over the tournaments, these may include, for example, a...
Persistent link: https://www.econbiz.de/10009007838
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Norm enforcement in social dilemmas : an experiment with police commissioners
Dickinson, David L.; Masclet, David; Villeval, Marie-Claire - 2014
Do individuals trained in law enforcement punish or reward differently from typical student subjects? We analyze norm enforcement behavior of newly appointed police commissioners in both a Voluntary Contribution Mechanism game and a Common Pool Resource game. Our experimental design includes...
Persistent link: https://www.econbiz.de/10010359303
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Ambiguity on audits and cooperation in a public goods game
Dai, Zhixin; Hogarth, Robin M.; Villeval, Marie-Claire - 2014
We investigate the impact of various audit schemes on the future provision of public goods, when contributing less than the average of the group is sanctioned exogenously and the probability of an audit is unknown. We study how individuals update their beliefs about the probability of being...
Persistent link: https://www.econbiz.de/10010239265
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A reason for unreason : returns-based beliefs in game theory
Velu, Chander; Iyer, Sriya; Gair, Jonathan R. - 2012
Players cooperate in experiments more than game theory would predict. In order to explain this, we introduce the 'returns-based beliefs' approach: the expected returns of a particular strategy in proportion to the total expected returns of all strategies. Using a decision analytic solution...
Persistent link: https://www.econbiz.de/10009568652
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Rationalizable suicides : evidence from changes in inmates' expected length of sentence
Campaniello, Nadia; Diasakos, Theodoros; Mastrobuoni, … - 2014
Is there a rational component in the decision to commit suicide? Economists have been trying to shed light on this question by studying whether suicide rates are related to contemporaneous conditions. This paper goes one step further: we test whether suicides are linked to forward-looking...
Persistent link: https://www.econbiz.de/10010386011
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Do we follow others when we should? : a simple test of rational expectations
Weizsäcker, Georg (contributor) - 2008
The paper presents a new meta data set covering 13 experiments on the social learning games by Bikhchandani, Hirshleifer, and Welch (1992). The large amount of data makes it possible to estimate the empirically optimal action for a large variety of decision situations and ask about the economic...
Persistent link: https://www.econbiz.de/10003741924
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Testing bounded rationality against full rationality in job changing behavior
Contini, Bruno (contributor); Morini, Matteo (contributor) - 2007
In this paper we question the hypothesis of full rationality in the context of job changing behaviour, via simple … forces of job change are future real wages and expected job quality. Bounded rationality suggests that individuals will … and between cells. Under full rationality the following are to be expected: high inter-cell mobility, large dispersion …
Persistent link: https://www.econbiz.de/10003578901