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Consider an experiment in which subjects are asked to choose between pairs consisting of a monetary payment and a time-delay at which the payment is delivered. Given a finite set of observations, under what conditions the choices of an individual agent can be rationalised by a discounted utility...
Persistent link: https://www.econbiz.de/10011111746
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
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
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
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
different explanations (and consequences) of the motivation crowding theory in a unique theoretical framework where the locus of …
Persistent link: https://www.econbiz.de/10009211230
The paper aims to reconcile different explanations (and consequences) of the motivation crowding theory in a unique …
Persistent link: https://www.econbiz.de/10008568378
This paper shows that social interactions can induce families of migrants to care about hierarchical social status because it serves as a signal device of non-observable income. Hence , a concern for social status induces theses families to engage in conspicuous consumption in order to signal...
Persistent link: https://www.econbiz.de/10011111929
problems have been almost exhaustively studied in the literature on economic theory-primarily from the perspective of … cooperative game theory. The main concern of this literature has been how to fairly divide up the assets of a bankrupt entity. In … water resource economics cooperative game theory has often been employed as a means of analyzing water resource allocation …
Persistent link: https://www.econbiz.de/10009353530
In the so-called ACCRA declaration of 2004 the World Alliance of Reformed Churches (WARC) condemns neo liberal globalisation on grounds of lack of justice. This paper outlines ten alternative criteria for distributive justice. We show that Biblical ethics support various of these criteria,...
Persistent link: https://www.econbiz.de/10008545944