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fairness. The probability of using the different rules is assumed to be stable over games. The estimated parameters imply that …
Persistent link: https://www.econbiz.de/10009752422
Players in economic situations often have preferences not only over their own outcome but also over what happens to fellow players, entirely apart from any strategic considerations. While this can be modeled directly by simply writing down final preferences, these are commonly unknown a priori....
Persistent link: https://www.econbiz.de/10009752856
emotional mechanisms have been proposed as a possible explanation. In particular, feelings of fairness, anger and envy are …
Persistent link: https://www.econbiz.de/10009752872
This paper departs from the standard profit-maximizing model of firm behavior by assuming that firms are motivated in part by personal animosity–or respect–towards their competitors. A reciprocal firm responds to unkind behavior of rivals with unkind actions (negative reciprocity), while at...
Persistent link: https://www.econbiz.de/10009753710
Two deviations of alternating-offer bargaining behavior from economic theory are observed together, yet have been studied separately. Players who could secure themselves a large surplus share if bargainers were purely self-interested incompletely exploit their advantage. Delay in agreement...
Persistent link: https://www.econbiz.de/10009754119
. Theories of fairness have typically assumed that pie sizes are known ex-ante. Pie sizes are, however, rarely known ex ante …
Persistent link: https://www.econbiz.de/10009754742
intended actions from the resulting outcomes. Equilibrium predictions from theoretical models of fairness are tested …
Persistent link: https://www.econbiz.de/10012591536
account well for the observed fairness and cooperation in all the tested games. The impressive predictions of the theory … promoting fairness and cooperation in the discussed games is only marginal. Strikingly, the Golden Ratio, known for its … alternating offers, and the sequential CPR dilemma game. The emergence of the golden ratio as the fairness solution in these games …
Persistent link: https://www.econbiz.de/10013252726
through moral entitlements derived from equity norms and number prominence. Aspiration formation is typically hard to observe … derive and defend moral entitlements from equity concerns with regard to their outside options. They strive for equitable but … unequal distributions (e.g., proportional split and split the difference). Moral entitlements materialize in the recorded …
Persistent link: https://www.econbiz.de/10011771180
We experimentally investigate whether individuals are more likely to engage in dishonest behavior after having experienced unfairness perpetrated by an individual with a salient group identity. Two individuals generate an endowment together, but only one can decide how to share it. They either...
Persistent link: https://www.econbiz.de/10011709208