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We explore the influence of social norms on behavior. To do so, we introduce a method for identifying norms, based on … the property that social norms reflect social consensus regarding the appropriateness of different possible behaviors. We … demonstrate that the norms we elicit, along with a simple model combining concern for norm-compliance with utility for money …
Persistent link: https://www.econbiz.de/10005703787
, independently of the initial strategy profile. In the experimental part we test this prediction. Our results show that the accuracy …
Persistent link: https://www.econbiz.de/10010267615
This paper experimentally examines how religious festivals and the degree of religiosity affect cooperation and altruistic punishment by using public goods experiments. We conducted the experiments in Turkey at different points in time; one on the most religious day during Ramadan (the Night of...
Persistent link: https://www.econbiz.de/10010282506
scenarios. Our results show that individuals adjust abstract norms to fit the game, their role and the choices they made. First …, norms that appear abstract and universal take into account the bargaining power of the two sides. The strong side bends the …
Persistent link: https://www.econbiz.de/10010286903
This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that Chinese subjects in our experiments became less accepting of Confucian values, such that they became significantly more risk loving, less loss averse, and more impatient after being...
Persistent link: https://www.econbiz.de/10010329049
Fungibility of money is a central principle in economics. It implies that any unit of money is substitutable for another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple, incentivized setup many subjects do not treat money as...
Persistent link: https://www.econbiz.de/10010268624
We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play … a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores … on the Cognitive Reflection Test of Frederick (2005) indeed are correlated with lower incidences of the conjunction …
Persistent link: https://www.econbiz.de/10010269260
We study gender differences in the willingness to compete in a large-scale experiment with 1,035 children and teenagers, aged three to eighteen years. Using an easy math task for children older than eight years and a running task for the younger ones we find that boys are much more likely to...
Persistent link: https://www.econbiz.de/10010269847
Recent research has shown that women shy away from competition more often than men. We evaluate experimentally three alternative policy interventions to promote women in competitions: Quotas, Preferential Treatment, and Repetition of the Competition unless a critical number of female winners is...
Persistent link: https://www.econbiz.de/10010269854
We present experimental evidence which sheds new light on why women may be less competitive than men. Specifically, we observe striking differences in how men and women respond to good and bad luck in a competitive environment. Following a loss, women tend to reduce effort, and the effect is...
Persistent link: https://www.econbiz.de/10010269929