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The investment game with asymmetric information
Coricelli, G.; Morales, L.G.; Mahlstedt, A. - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft
We analyze the effects of introducing asymmetric information and expectations in the investment game (Berg et al., 1995). In our experiment, only the trustee knows the size of the surplus. Subjects’ expectations about each other’s behavior are also elicited. Our results show that average...
Persistent link: https://www.econbiz.de/10005765175
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From the lab to the field: envelopes, dictators and manners
Stoop, Jan - Volkswirtschaftliche Fakultät, … - 2012
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
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An Egalitarian Regime Breeds Generosity: The Effect of Endowment Allocation Procedures on Social Preferences
Riyanto, Yohanes Eko; Zhang, Jianlin - Volkswirtschaftliche Fakultät, … - 2010
We experimentally investigate the effect of endowment allocation procedures on social preferences using a two-stage dictator game. In the first stage, participants who were randomly selected as allocators had to perform a task in order to earn money. Better performance on the task resulted in...
Persistent link: https://www.econbiz.de/10008529249
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Modeling Social Preferences: A Generalized Model of Inequity Aversion
Khan, Hayat - Volkswirtschaftliche Fakultät, … - 2009
Taking note of the wide variety and growing list of models in the literature to explain patterns of behavior observed 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...
Persistent link: https://www.econbiz.de/10005108450
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Identification of Altruism among Team Members: Empirical Evidence from the Classroom and Laboratory
Griffiths, Barry - Volkswirtschaftliche Fakultät, … - 2010
It is difficult to identify acts that are purely altruistic, and do not have some level of egoism or self-interest involved. By considering situations where team members seemingly have nothing to gain by the way they distribute points to others with regard to peer evaluation, and where their...
Persistent link: https://www.econbiz.de/10011170136
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You Can’t Put Old Wine in New Bottles: The Effect of Newcomers on Coordination in Groups
McCarter, Matthew; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2013
group plays the game for the second part of the experiment. Our results show that the arrival of newcomers decreases trust … among group members and this decrease in trust negatively affects group performance. Knowing the performance history of the …
Persistent link: https://www.econbiz.de/10011259957
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Age and the development of trust and reciprocity
Sutter, Matthias; Kocher, Martin G. - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004
We examine the degree of trust and reciprocity in an experimental trust game with 662 participants from six different … age groups, ranging from 8 year old primary school children to retired persons in their late sixties. Although both trust … research has devoted surprisingly little attention to their development with age. Our results provide clear evidence that trust …
Persistent link: https://www.econbiz.de/10005765128
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Trust in cooperation or ability? – An experimental study on gender differences
Schwieren, Christiane; Sutter, Matthias - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2003
We examine experimentally two different types of trust: trust in another party’s cooperation and trust in ability. In …
Persistent link: https://www.econbiz.de/10005588002
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Equal distribution or equal payoffs? Reciprocity and inequality aversion in the investment game
Rodriguez-lara, Ismael - Volkswirtschaftliche Fakultät, … - 2015
We report experimental evidence on second-movers' behavior in the investment game (also known as the trust game) when …
Persistent link: https://www.econbiz.de/10011212781
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Justification and cooperation
Xiao, Erte - Volkswirtschaftliche Fakultät, … - 2012
The need for justification is a widely observed social phenomenon. This paper develops a theoretical framework and reports laboratory evidence to show how pure justification pressure affects cooperative behavior in economic exchange environments. In a one-shot anonymous interaction, compared...
Persistent link: https://www.econbiz.de/10009422008