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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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What is trustworthiness and what drives it?
Cox, James C.; Kerschbamer, Rudolf; Neururer, Daniel - Institut für Finanzwissenschaft, Fakultät für … - 2014
definitions of trust and trustworthiness based on revealed willingness to accept vulnerability and the response to it. …
Persistent link: https://www.econbiz.de/10010895184
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Donations, risk attitudes and time preferences: A study on altruism in primary school children
Angerer, Silvia; Glätzle-Rützler, Daniela; … - Institut für Finanzwissenschaft, Fakultät für … - 2014
We study in a sample of 1,070 primary school children, aged seven to eleven years, how altruism in a donation experiment is related to children’s risk attitudes and intertemporal choices. Examining such a relationship is motivated by theories of reciprocal altruism that provide a cornerstone...
Persistent link: https://www.econbiz.de/10010889827
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BSocial preferences during childhood and the role of gender and age ? An experiment in Austria and Sweden
Martinsson, Peter; Nordblom, Katarina; Daniela R?tzler; … - Institut für Finanzwissenschaft, Fakultät für … - 2010
We examine social preferences of Swedish and Austrian children and adolescents using the experimental design of Charness and Rabin (2002). We find that difference aversion decreases while social-welfare preferences increase with age.
Persistent link: https://www.econbiz.de/10008691745
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Revealed distributional preferences: Individuals vs. teams
Balafoutas, Loukas; Kerschbamer, Rudolf; Kocher, Martin; … - Institut für Finanzwissenschaft, Fakultät für … - 2013
We compare experimentally the revealed distributional preferences of individuals and teams in allocation tasks. We find that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the benevolence in the domain of advantageous inequality is...
Persistent link: https://www.econbiz.de/10010839590
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Social preferences in childhood and adolescence ? A large-scale experiment
Sutter, Matthias; Feri, Francesco; Kocher, Martin G.; … - Institut für Finanzwissenschaft, Fakultät für … - 2010
Social preferences have been shown to be an important determinant of economic decision making for many adults. We present a large-scale experiment with 883 children and adolescents, aged eight to seventeen years. Participants make decisions in eight simple, one-shot allocation tasks, allowing us...
Persistent link: https://www.econbiz.de/10008462709
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Credence goods markets, distributional preferences and the role of institutions
Erharter, Dominik - Institut für Finanzwissenschaft, Fakultät für … - 2012
We study credence goods markets where an expert not only cares for her own monetary payoff, but also for the monetary payoff of her customer. We show how an expert with heterogeneous distributional preferences responds to monetary incentives in the absence of institutions, under liability and/or...
Persistent link: https://www.econbiz.de/10010551075
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Screening Experts' Distributional Preferences
Erharter, Dominik - Institut für Finanzwissenschaft, Fakultät für … - 2013
We study optimal direct mechanisms for a credence goods expert who can be altruistic or spiteful. The expert has private information about her distributional preferences and possibly also about her customer's needs. We introduce a method that allows the customer to offer separate contracts to...
Persistent link: https://www.econbiz.de/10010839599
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Guilt from Promise-Breaking and Trust in Markets for Expert Services - Theory and Experiment
Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - Institut für Finanzwissenschaft, Fakultät für … - 2010
We examine the influence of guilt and trust on the performance of credence goods markets. An expert can make a promise … to a consumer first, whereupon the consumer can express her trust by paying an interaction price before the expert …
Persistent link: https://www.econbiz.de/10008599219
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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