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Measuring price risk aversion through indirect utility functions : a laboratory experiment
Zeytoon-Nejad, Ali - In: Games 13 (2022) 4, pp. 1-43
The present paper introduces a theoretical framework through which the degree of risk aversion with respect uncertain prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the paper introduces the main elements of the duality theory (DT)...
Persistent link: https://www.econbiz.de/10013368182
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Measuring and disentangling ambiguity and confidence in the lab
Di Cagno, Daniela; Grieco, Daniela - In: Games 10 (2019) 1, pp. 1-22
In this paper we present a novel experimental procedure aimed at better understanding the interaction between confidence and ambiguity attitudes in individual decision making. Different ambiguity settings not only can be determined by the lack of information in possible scenarios completely...
Persistent link: https://www.econbiz.de/10012227754
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Bimodal bidding in experimental all-pay auctions
Ernst, Christiane; Thöni, Christian - In: Games 4 (2013) 4, pp. 608-623
We report results from experimental first-price, sealed-bid, all-pay auctions for a good with a common and known value. We observe bidding strategies in groups of two and three bidders and under two extreme information conditions. As predicted by the Nash equilibrium, subjects use mixed...
Persistent link: https://www.econbiz.de/10010369399
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Reciprocity in labor market relationships: Evidence from an experiment across high-income OECD countries
Waichman, Israel; Siang, Ch'ng Kean; Requate, Till; … - In: Games 6 (2015) 4, pp. 473-494
We study differences in behavior across countries in a labor market context. To this end, we conducted a bilateral gift-exchange experiment comparing the behavior of subjects from five high-income OECD countries: Germany, Spain, Israel, Japan and the USA. We observe that in all countries, effort...
Persistent link: https://www.econbiz.de/10011709862
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Bimodal bidding in experimental all-pay auctions
Ernst, Christiane; Thöni, Christian - In: Games 4 (2013) 4, pp. 608-623
We report results from experimental first-price, sealed-bid, all-pay auctions for a good with a common and known value. We observe bidding strategies in groups of two and three bidders and under two extreme information conditions. As predicted by the Nash equilibrium, subjects use mixed...
Persistent link: https://www.econbiz.de/10010240829
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Reciprocity in labor market relationships : evidence from an experiment across high-income OECD countries
Waichman, Israel; Ch'ng, Kean Siang; Requate, Tilman; … - In: Games 6 (2015) 4, pp. 473-494
We study differences in behavior across countries in a labor market context. To this end, we conducted a bilateral gift-exchange experiment comparing the behavior of subjects from five high-income OECD countries: Germany, Spain, Israel, Japan and the USA. We observe that in all countries, effort...
Persistent link: https://www.econbiz.de/10011383829
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Measuring and disentangling ambiguity and confidence in the lab
Di Cagno, Daniela; Grieco, Daniela - In: Games 10 (2019) 1/9, pp. 1-22
In this paper we present a novel experimental procedure aimed at better understanding the interaction between confidence and ambiguity attitudes in individual decision making. Different ambiguity settings not only can be determined by the lack of information in possible scenarios completely...
Persistent link: https://www.econbiz.de/10012015585
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Should law keep pace with society? Relative update rates determine the co-evolution of institutional punishment and citizen contributions to public goods
Roithmayr, Daria; Isakov, Alexander; Rand, David - In: Games 6 (2015) 2, pp. 124-149
Until recently, theorists considering the evolution of human cooperation have paid little attention to institutional punishment, a defining feature of large-scale human societies. Compared to individually-administered punishment, institutional punishment offers a unique potential advantage: the...
Persistent link: https://www.econbiz.de/10011709843
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Should law keep pace with society? : relative update rates determine the co-evolution of institutional punishment and citizen contributions to public goods
Roithmayr, Daria; Isakov, Alexander; Rand, David - In: Games 6 (2015) 2, pp. 124-149
Until recently, theorists considering the evolution of human cooperation have paid little attention to institutional punishment, a defining feature of large-scale human societies. Compared to individually-administered punishment, institutional punishment offers a unique potential advantage: the...
Persistent link: https://www.econbiz.de/10011316651
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From windfall sharing to property ownership: Prosocial personality traits in giving and taking dictator games
Zhao, Kun; Kashima, Yoshihisa; Smillie, Luke D. - In: Games 9 (2018) 2, pp. 1-18
whether individual differences under different game frames corresponded with prosocial personality traits from the Big Five … Experience) (honesty-humility, agreeableness) models. In the Big Five model, the effects of prosocial personality traits were … evidence of its role in allocations of wealth more generally. These findings highlight the utility of integrating personality …
Persistent link: https://www.econbiz.de/10011852746