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We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games …
Persistent link: https://www.econbiz.de/10013148075
We examine the strategic sophistication of adolescents, aged 10 to 17 years, in experimental normal-form games. Besides making choices, subjects have to state their first- and second-order beliefs. We find that choices are more often a best reply to beliefs if any player has a dominant strategy...
Persistent link: https://www.econbiz.de/10013141220
particular, we analyze how horizontal fairness concerns affect performance and efficiency in an environment characterized by … contractual incompleteness. In our experiment, one principal is matched with two agents. The principal pays equal wages in one …
Persistent link: https://www.econbiz.de/10013158119
We compare inequality aversion in individuals and teams by means of both within- and between-subject experimental … aversion than individual initial proposals in team decision-making. However, teams are no more selfish than individuals who … decide in isolation. Individuals express strategically more inequality aversion in their initial proposals in team decision …
Persistent link: https://www.econbiz.de/10013052703
relationship between individuals inequality and risk aversion. The empirical analysis uses the German SOEP household panel for the … suggest that even though inequality and risk aversion are related, they are not the same thing. The paper shows that the … relationship between risk attitudes and inequality aversion survives the inclusion of individual characteristics (i.e. income …
Persistent link: https://www.econbiz.de/10013148355
present a large-scale experiment with 883 children and adolescents, aged eight to seventeen years. Participants make decisions … and across gender. Our results show that when children and teenagers grow older, inequality aversion becomes a gradually …
Persistent link: https://www.econbiz.de/10013141434
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