Showing 1 - 9 of 9
The market for retail financial products (e.g. investment funds or insurance) is marred by information asymmetries. Clients are not well informed about the quality of these products. They have to rely on the recommendations of advisors. Incentives of advisors and clients may not be aligned, when...
Persistent link: https://www.econbiz.de/10011580428
Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate experimentally which factors could improve advice quality. Besides advisor...
Persistent link: https://www.econbiz.de/10011881706
Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate experimentally which factors could improve advice quality. Besides advisor...
Persistent link: https://www.econbiz.de/10011580425
experiment, a trust game variant, we study whether moral wiggle room also prevails, when reciprocity is a potential motivation … reciprocity. Among our subjects, 40% of the reciprocators exploited moral wiggle room. …
Persistent link: https://www.econbiz.de/10011446176
) is added in order to introduce reciprocity. We find significantly higher rates of selfish choices in our treatments that …
Persistent link: https://www.econbiz.de/10011576929
giving ; social-image concerns ; competitive altruism ; experiments ; social status …
Persistent link: https://www.econbiz.de/10009567083
experiments by a combination of selfishness and concerns for distributive justice. Most participants conform very well with the … therefore demonstrates that most participants' behaviour in dictator experiments can be explained by a combination of …
Persistent link: https://www.econbiz.de/10010370990
recover individual notions of distributive justice from data collected in appropriately designed experiments. "Dictator games … planner" experiments or experiments under a "veil of ignorance" (Rawls 1971) can be used to recover larger parts of the notion … necessarily incentive-compatible, and to recover a greater part of an individual's preference relation in dictator experiments …
Persistent link: https://www.econbiz.de/10010370991
We conduct a modified dictator game in order to analyze the role self-image concerns play in other-regarding behavior. While we generally follow Konow (2000), a cognitive dissonance-based model of other-regarding behavior in dictator games, we relax one of its assumptions as we allow for...
Persistent link: https://www.econbiz.de/10010475637