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Bargaining Outside the Lab –A Newspaper Experiment of a Three-Person Ultimatum Game

Güth, Werner; Schmidt, Carsten; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2005

In a large scale newspaper experiment 5,132 readers of the German weekly, Die Zeit, participated in a three-person bargaining game. In our data analysis we focus on (1) the influence of age, gender, profession and the medium chosen for participation on bargaining behavior and on (2) the external...

Persistent link: https://www.econbiz.de/10005867078

Interregional diversity of fairness concerns –An online ultimatum experiment

Georg, Sebastian J.; Güth, Werner; Walkowitz, Gari; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

the robust stylized facts of thisclass of ultimatum experiments and can be adequately explained by other …

Persistent link: https://www.econbiz.de/10005866606

Trading Goods versus Sharing Money- An Experiment Testing Whether Fairness and Efficiencyare Frame Dependent

Berninghaus, Siegfried K.; Güth, Werner; Kirstein, Annette - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

Systematic experiments with distribution games (for a survey, see Roth, 1995, ) haveshown that participants are … strongly motivated by fairness and efficiency considerations.This evidence, however, results mainly from experimental designs … fairness are less influential. We investigate and confirm this frame dependencymore systematically by comparing net …

Persistent link: https://www.econbiz.de/10005866809

Voluntary Cooperation Based on Equilibrium Retribution –An Experiment Testing Finite-Horizon Folk Theorems

Bruttel, Lisa V.; Güth, Werner; Kamecke, Ulrich; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

Unlike previous attempts to implement cooperation in a prisoners’ dilemma gamewith an infinite horizon in the laboratory, we focus on extended prisoners’ dilemmagames in which a second (pure strategy) equilibrium allows for voluntary cooperationin all but the last round. Our four main...

Persistent link: https://www.econbiz.de/10005866398

Downsizing the Labor Force by Low and High Profit Firms– An Experimental Analysis

Güth, Werner; Paul, Christian - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008

One may hope to capture the behavioral and emotional eects of downsizingthe labor force in rather abstract settings as an ultimatum game (see Fischeret al. (2008)), or try to explore downsizing in its more natural principalagentscenario with a labor market background. We pursue the latter...

Persistent link: https://www.econbiz.de/10005866438

Being of two minds: an ultimatum experimentinvestigating affective processes

Cappelletti, Dominique; Güth, Werner; Ploner, Matteo - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008

We experimentally investigate how affective processes influence proposers’and responders’ behaviour in the Ultimatum Game. Using a dualsystemapproach, we tax cognitive resources through time pressure andcognitive load to enhance the influence of affective processes on behaviour.We find that...

Persistent link: https://www.econbiz.de/10005866456

Effects of Profitable Downsizing on Collective Bargaining

Fischer, Sven; Güth, Werner; Köhler, Christoph - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

We experimentally test how acceptance thresholds react to the decisionof the proposer in a three party ultimatum game to exclude oneof two responders with veto power from the game. We elicit responderacceptance thresholds in case the proposer decides to exclude one ofthem, what increases the...

Persistent link: https://www.econbiz.de/10005866458

(Non-) Behavioral Economics – A Programmatic Assessment

Güth, Werner - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

Economic theory has evolved without paying proper attention to behavioral approaches,especially to social, economic, and cognitive psychology. This has recently changed byincluding behavioral economics courses in many doctoral study programs. Although thisnew development is most welcome, the...

Persistent link: https://www.econbiz.de/10005866470

Scenario-Based Satisficing in Saving:A Theoretical and Experimental Analysis

Güth, Werner; Levati, Maria Vittoria; Ploner, Matteo - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

Contrary to the models of deterministic life cycle saving, we take itfor granted that uncertainty of one's future is the essential problem ofsaving decisions. However, unlike the stochastic life cycle models, we capturethis crucial uncertainty by a non-Bayesian scenario-based...

Persistent link: https://www.econbiz.de/10005866571

Social Networks and Employment- An Experimental Analysis

Berninghaus, Siegfried; Fischer, Sven; Güth, Werner - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

There is robust field data showing that a frequent and successful way of looking fora job is via the intermediation of friends and relatives. Here we want to explore thisexperimentally. Participants first play a simple public good game with two interactionpartners ("friends"), and share whatever...

Persistent link: https://www.econbiz.de/10005866648