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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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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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Tournaments for the endogenous allocating of prizes within workteams - Theory and experimental evidence
Sutter, Matthias - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004
We present a model where compensation within a workteam is determined endogenously by the use of a rank-order tournament. Team members compete in their efforts for the right to propose the distribution of a prize within the team. The implementation of a proposal requires the approval of other...
Persistent link: https://www.econbiz.de/10005765090
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Noisy leadership: An experimental approach
Müller, Wieland; Spiegel, Yossi; Güth, Werner - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft
We examine the strategic behavior of leaders and followers in sequential duopoly experiments in which followers either perfectly observe the leaders’ actions or else observe nothing. Our experiments show that consistent with the theory, leaders enjoy a greater …rst-mover advantage when...
Persistent link: https://www.econbiz.de/10005765127
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Wages, Length of Relationship and Bargaining Power: An experimental study in a world of complete contracts
Dittrich, Dennis A.V. - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004
To explain potential sources of wage rigidity this article analyzes a model of reciprocal kindness applied to a repeated ultimatum game with changing and nonzero conflict payoffs. The model is also tested in a laboratory experiment. The results are compatible with the rentsharing approach to...
Persistent link: https://www.econbiz.de/10005765137