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The investment game with asymmetric information
Coricelli, G.; Morales, L.G.; Mahlstedt, A. - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft
We analyze the effects of introducing asymmetric information and expectations in the investment game (Berg et al., 1995). In our experiment, only the trustee knows the size of the surplus. Subjects’ expectations about each other’s behavior are also elicited. Our results show that average...
Persistent link: https://www.econbiz.de/10005765175
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Learning, non-equilibrium beliefs, and non-pecuniary payoffs in an experimental game
Costa-Gomes, Miguel A.; Zauner, Klaus G. - In: Economic Theory 22 (2003) 2, pp. 263-288
We present a parametric learning model of players' dynamic and possibly out-of-equilibrium beliefs about other players' preferences that also incorporates random utility (noise). We estimate the model using the data from the four-country ultimatum game experiments of Roth et al. (1991). We find...
Persistent link: https://www.econbiz.de/10005147371
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Age and the development of trust and reciprocity
Sutter, Matthias; Kocher, Martin G. - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004
We examine the degree of trust and reciprocity in an experimental trust game with 662 participants from six different … age groups, ranging from 8 year old primary school children to retired persons in their late sixties. Although both trust … research has devoted surprisingly little attention to their development with age. Our results provide clear evidence that trust …
Persistent link: https://www.econbiz.de/10005765128
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Trust in cooperation or ability? – An experimental study on gender differences
Schwieren, Christiane; Sutter, Matthias - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2003
We examine experimentally two different types of trust: trust in another party’s cooperation and trust in ability. In …
Persistent link: https://www.econbiz.de/10005588002
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Express Yourself: The Price of Fairness in a Simple Distribution Game
Nicklisch, Andreas - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004
A simple two-person distribution game similar to the ultimatum game is introduced. However, unlike the standard ultimatum game, responders can determine the payoff for the proposer in case of rejection. Therefore, they can express their concerns in monetary quantities. The experimental data are...
Persistent link: https://www.econbiz.de/10005588010
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On the social dimension of time and risk preferences: An experimental study
Levati, M. Vittoria; Güth, Werner; Ploner, Matteo - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2005
We report on an experiment designed to explore the interrelation of other-regarding concerns with attitudes towards risk and delay when the latter have a social dimension, i.e., pertain to one's own and another person's payoffs. For this sake, we compare evaluations of several prospects, each of...
Persistent link: https://www.econbiz.de/10005765156
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Friedman, Harsanyi, Rawls, Boulding - Or Somebody Else? An Experimental Investigation of Distributive Justice
Traub, Stefan; Seidl, Christian; Schmidt, Ulrich; … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft
This paper investigates distributive justice using a fourfold experimental design: The ignorance and the risk scenarios are combined with the self-concern and the umpire modes. We study behavioral switches between self-concern and umpire mode and investigate the goodness of ten standards of...
Persistent link: https://www.econbiz.de/10005765215
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Fairness Versus Efficiency - An Experimental Study of (Mutual) Gift Giving -
Güth, Werner; Kliemt, Hartmut; Ockenfels, Axel - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft
Retributive responses do play a role in human behavior. Whether they are primarily triggered by supposed intentions or by observed consequences of actions is an important question. It can be addressed by experimental studies of retributive responses in situations in which the individual actor...
Persistent link: https://www.econbiz.de/10005588006
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How strategy sensitive are contributions?
Bolton, Gary E.; Brandts, Jordi; Katok, Elena - In: Economic Theory 15 (2000) 2, pp. 367-387
We test six hypotheses for contributions in dilemma games, a category that includes the prisoner's dilemma and public goods games. Our experiment focuses specifically on the strategic interdependence of contributing behavior, and manipulates the strategy space of a two-person dilemma game...
Persistent link: https://www.econbiz.de/10005596647
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An experimental study of information and mixed-strategy play in the three-person matching-pennies game
Mukherji, Arijit; McCabe, Kevin A.; Runkle, David E. - In: Economic Theory 15 (2000) 2, pp. 421-462
Recent experiments on mixed-strategy play in experimental games reject the hypothesis that subjects play a mixed strategy even when that strategy is the unique Nash equilibrium prediction. However, in a three-person matching-pennies game played with perfect monitoring and complete payoff...
Persistent link: https://www.econbiz.de/10005370879