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The neuroeconomics of mind reading and empathy
Singer, Tania; Fehr, Ernst - 2005
The most fundamental solution concepts in Game Theory Nash equilibrium, backward induction, and iterated elimination of dominated strategies are based on the assumption that people are capable of predicting others' actions. These concepts require people to be able to view the game from the other...
Persistent link: https://www.econbiz.de/10010267443
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The Gender Reference Point Gap
Kettlewell, Nathan; Levy, Jonathan; Tymula, Agnieszka; … - 2023
Studies have frequently found that women are more risk averse than men. In this paper, we depart from usual practice in … economics that treats risk attitude as a primitive, and instead adopt a neuroeconomic approach where risk attitude is determined … is a gender difference in the reference point, explaining the gender difference in risk aversion observed using …
Persistent link: https://www.econbiz.de/10014296882
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On Representative Social Capital
Bellemare, Charles; Kröger, Sabine - 2004
reward investments in building up social capital by means of an economic experiment. We find substantial heterogeneity in the … the experiment. …
Persistent link: https://www.econbiz.de/10010261894
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The Impact of Risk Perception and Risk Attitudes on Corrupt Behavior: Evidence from a Petty Corruption Experiment
Djawadi, Behnud Mir; Fahr, René - 2013
early periods. Risk attitudes measured with a subsequent lottery-choice experiment do not correlate with the behavior … abstract from confounding effects of reciprocal behavior, we design an experiment where a public official decides upon … accepting a bribe that leads to a higher present period income while facing the risk of being audited and being left with a …
Persistent link: https://www.econbiz.de/10010319579
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The Impact of Risk Perception and Risk Attitudes on Corrupt Behavior: Evidence from a Petty Corruption Experiment
Djawadi, Behnud Mir; Fahr, René - Institute for the Study of Labor (IZA) - 2013
early periods. Risk attitudes measured with a subsequent lottery-choice experiment do not correlate with the behavior … abstract from confounding effects of reciprocal behavior, we design an experiment where a public official decides upon … accepting a bribe that leads to a higher present period income while facing the risk of being audited and being left with a …
Persistent link: https://www.econbiz.de/10010658704
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The cult of Theoi: Economic uncertainty and religion
Frijters, Paul; Barón, Juan D. - 2010
Sacrifices to deities occur in nearly all known religions. In this paper, we report on our attempts to elicit this type of religious behaviour towards Theoi in the laboratory. The theory we test is that, when faced with uncertainty, individuals attempt to engage in a reciprocal contract with the...
Persistent link: https://www.econbiz.de/10010269858
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Social networks
de Martí, Joan; Zenou, Yves - 2009
We survey the literature on social networks by putting together the economics, sociological and physics/applied mathematics approaches, showing their similarities and differences. We expose, in particular, the two main ways of modeling network formation. While the physics/applied mathematics...
Persistent link: https://www.econbiz.de/10010275834
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Money Illusion and Coordination Failure
Fehr, Ernst; Tyran, Jean-Robert - 2004
Economists long considered money illusion to be largely irrelevant. Here we show, however, that money illusion has powerful effects on equilibrium selection. If we represent payoffs in nominal terms, choices converge to the Pareto inefficient equilibrium; however, if we lift the veil of money by...
Persistent link: https://www.econbiz.de/10010261781
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Deferred Compensation and Gift Exchange : An Experimental Investigation into Multi-Period Labor Markets
Wallace, Brian; Seltzer, Andrew J.; Huck, Steffen - 2004
-period experiment. In equilibrium, firms will offer deferred compensation: first period productivity is positive and wages are zero …, while third period productivity is zero and wages are positive. The experiment produces strong evidence that deferred …
Persistent link: https://www.econbiz.de/10010261943
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Mutual monitoring in teams: theory and experimental evidence on the importance of reciprocity
Carpenter, Jeffrey P.; Bowles, Samuel; Gintis, Herbert - 2006
Monitoring by peers is often an effective means of attenuating incentive problems. Most explanations of the efficacy of mutual monitoring rely either on small group size or on a version of the Folk theorem with repeated interactions which requires reasonably accurate public information...
Persistent link: https://www.econbiz.de/10010267388