Showing 1 - 10 of 1,064
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
expectations influence our choice to obey a norm: what we expect others to do (empirical expectations) and what we believe others … think ought to be done (normative expectations). Little is known about the relative importance of these two types of … expectation in individuals’ decisions, an issue that is particularly important when normative and empirical expectations are in …
Persistent link: https://www.econbiz.de/10005619816
There is evidence that 9-ending prices are more common and more rigid than other prices. We use data from three sources: a laboratory experiment, a field study, and a large US supermarket chain, to study the cognitive underpinning and the ensuing asymmetry in rigidity associated with 9-ending...
Persistent link: https://www.econbiz.de/10011111811
Tipping is a multi-billion dollar phenomenon and a major source of income for millions of workers. The results of a study conducted in the US and Israel suggest that people tip mainly to show gratitude, conform to the social norm, and because they know that waiters' income depends on tips....
Persistent link: https://www.econbiz.de/10008623465
I develop awareness-dependent subjective expected utility by taking unawareness structures introduced in Heifetz, Meier, and Schipper (2006, 2008, 2009) as primitives in the Anscombe-Aumann approach to subjective expected utility. I observe that a decision maker is unaware of an event if and...
Persistent link: https://www.econbiz.de/10008529292
of fairness and thus may change sellers’ decisions. We conduct ultimatum game experiments in which only the sellers are …
Persistent link: https://www.econbiz.de/10011110716
. Through controlled experiments, we examine sequential choice architectures that enable the choice set to remain large while …
Persistent link: https://www.econbiz.de/10011114030
that this spillovers effect is unlikely the result of recipients’ perception of donors’ expectations. Major theories of …
Persistent link: https://www.econbiz.de/10011260700
This article experimentally studies a two-stage elimination contest and compares its performance with a one-stage contest. Contrary to the theory, the two-stage contest generates higher revenue than the equivalent one-stage contest. There is significant over-dissipation in both stages of the...
Persistent link: https://www.econbiz.de/10011258638
Many resource allocation contests have the property that individuals undertake costly actions to appropriate a potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation contests which are isomorphic under risk-neutrality. The...
Persistent link: https://www.econbiz.de/10011259038