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We report laboratory data on earned wealth effects in a series of anonymous dictator games. In addition to a standard (baseline) treatment in which wealth was determined by the experimenter, we conduct treatments in which either the dictator or the receiver earned wealth used in the subsequent...
Persistent link: https://www.econbiz.de/10005836258
It is well-known that subjects in bilateral bargaining experiments often exhibit choice behavior suggesting there are strong reciprocators in the population. But it is controversial whether explaining this data requires a social preference model that invokes genuine strong reciprocity or whether...
Persistent link: https://www.econbiz.de/10005835687
This paper reports results of an incentivized laboratory experiment manipulating an extremely weak social cue in the Dictator Game. Prior to making their decision, we present dictators with a simple visual stimlulus: either three dots in a “watching-eyes” configuration, or three dots in a...
Persistent link: https://www.econbiz.de/10005621662
Results are reported of the first natural field experiment on the dictator game, where subjects are unaware that they participate in an experiment. In contrast to predictions of the standard economic model, dictators show a large degree of pro-social behavior. This paper builds a bridge from the...
Persistent link: https://www.econbiz.de/10009652044
in laboratory experiments, this paper identifies two tests, the Variety Test (ability of a model to explain outcomes … under variety or alternative scenarios) and the Psychological Test (ability of a model to conform to psychological intuition … parameters. The state could be fair, superior or inferior. Individuals in a fair state have zero equity-bias and split the pie …
Persistent link: https://www.econbiz.de/10005108450
results of the first experiment, to our knowledge, to study fairness views about risk-taking, specifically whether such views … exclusively on ex ante opportunities, most favor some redistribution ex post. Many participants also make a distinction between ex …
Persistent link: https://www.econbiz.de/10008560053
A consensus seems to be emerging in economics that at least three motives are at work in many strategic decisions: distributive preferences, reciprocal preferences and self-interest. An important obstacle to this research, however, has been moral biases, i.e., the distortions created by...
Persistent link: https://www.econbiz.de/10005616927
this recent literature and to propose a new, empirically sound, unifying concept which combines elements of fairness with …
Persistent link: https://www.econbiz.de/10005621869
Parties in a bargaining situation may perceive guilt, a utility loss caused by receiving the larger share that is modeled in some social preferences. I extend Rubinstein (1982)'s solution of the open-ended alternating-offer bargaining problem for self-interested bargainers to a game with equally...
Persistent link: https://www.econbiz.de/10011108407
This note presents a solution to Rubinstein (1982)'s open-ended, alternating-offer bargaining problem for two equally patient bargainers that exhibit similar degrees of inequality aversion. Inequality-averse bargainers may perceive envy if being worse off and guilt if being better off, but they...
Persistent link: https://www.econbiz.de/10011108663