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A psychological approach to individual differences in intertemporal consumption patterns

Brandstätter, Hermann; Güth, Werner - 1998

When people decide about saving and consumption across the various periods of their life time they take into account their life expectancy when comparing present and future needs and resources for satisfying them. The experimental design, applied at two sites (Humboldt-University at Berlin and...

Persistent link: https://www.econbiz.de/10009578010

On saving and investing : an experimental study of intertemporal decision making in a complex stochastic environment

Anderhub, Vital; Güth, Werner; Knust, Florian - 2000

The experimental situation presents a complex stochastic intertemporal allocation problem. First, two initial chance moves select one of three possible termination probabilities which then determines whether "life" lasts 3,4,5, or 6 periods. Compared to Anderhub et al. (1997) participants are...

Persistent link: https://www.econbiz.de/10009582396

Please, marry me! : an experimental study of risking a joint venture

Güth, Werner; Ivanova-Stenzel, Radosveta; Tjøtta, Sigve - 1999

Empirical studies in family economics usually rely on questionnaires, statistical or panel data. Here we try to study experimentally some crucial aspects of engaging in a marriage. First the female partner can end the relationship or suggest one of the two forms of joint venture. Whereas a full...

Persistent link: https://www.econbiz.de/10009582415

Two-level ultimatum bargaining with incomplete information : an experimental study

Güth, Werner - In: The economic journal : the journal of the Royal … 106 (1996) 436, pp. 593-604

Persistent link: https://www.econbiz.de/10001199288

Learning to bid : an experimental study of bid function adjustments in auctions and fair division games

Güth, Werner; Ivanova-Stenzel, Radosveta; Königstein, … - In: The economic journal : the journal of the Royal … 113 (2003), pp. 477-494

Persistent link: https://www.econbiz.de/10001761744

Indirect evolution versus strategic delegation : a comparison of two approaches to explaining economic institutions

Dufwenberg, Martin; Güth, Werner - 1997

The two major methods of explaining economic institutions, namely by strategic choices or by (indirect) evolution, are compared for the case of a homogenous quadratic duopoly market. Sellers either can provide incentives for their agents to care for sales (amounts) or evolve as sellers who care...

Persistent link: https://www.econbiz.de/10009657129

Sequential versus independent commitment : an indirect evolutionary analysis of bargaining rules

Güth, Werner - 1998 - Rev.

Rational bargaining behavior depends crucially on the rules of bargaining, especially on whether parties decide sequentially or independently. Whereas in ultimatum bargaining the proposer can exploit the responder, independent commitments result in more balanced payoffs. To limit the scope of...

Persistent link: https://www.econbiz.de/10009574886

Inequality aversion in a variety of games : an indirect evolutionary analysis

Güth, Werner; Napel, Stefan - In: The economic journal : the journal of the Royal … 116 (2006), pp. 1037-1056

Persistent link: https://www.econbiz.de/10003387112

On the interaction of risk and time preferences : an experimental study

Anderhub, Vital; Genîzî, Ûrî; Güth, Werner; … - 1999

Experimental studies of risk and time-preference typically focus on one of the two phenomena. The goal of this paper is … to investigate the (possible) correlation between subjects' attitude to risk and their time-preference. For this sake we … the subjects for the three lotteries, we test how time and risk preferences are interrelated. Since the time interval …

Persistent link: https://www.econbiz.de/10009581107

An experimental study of the repeated trust game with incomplete information

Anderhub, Vital; Güth, Werner; Engelmann, Dirk - 1999

In the trust game first player 1 decides between non-cooperation or trust in reciprocity and then, in the latter case, player 2 between exploiting player 1 or rewarding him. In our experiment, player 2 can be a notorically rewarding player (this type is implemented as a robot strategy) or a...

Persistent link: https://www.econbiz.de/10009582410