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On the social dimension of time and risk preferences: An experimental study

Levati, M. Vittoria; Güth, Werner; Ploner, Matteo - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2005

We report on an experiment designed to explore the interrelation of other-regarding concerns with attitudes towards risk and delay when the latter have a social dimension, i.e., pertain to one's own and another person's payoffs. For this sake, we compare evaluations of several prospects, each of...

Persistent link: https://www.econbiz.de/10005765156

Fairness Versus Efficiency - An Experimental Study of (Mutual) Gift Giving -

Güth, Werner; Kliemt, Hartmut; Ockenfels, Axel - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

Retributive responses do play a role in human behavior. Whether they are primarily triggered by supposed intentions or by observed consequences of actions is an important question. It can be addressed by experimental studies of retributive responses in situations in which the individual actor...

Persistent link: https://www.econbiz.de/10005588006

Noisy leadership: An experimental approach

Müller, Wieland; Spiegel, Yossi; Güth, Werner - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

We examine the strategic behavior of leaders and followers in sequential duopoly experiments in which followers either perfectly observe the leaders’ actions or else observe nothing. Our experiments show that consistent with the theory, leaders enjoy a greater …rst-mover advantage when...

Persistent link: https://www.econbiz.de/10005765127

Conventions for Selecting Among Conventions - An Evolutionary and Experimental Analysis

Büchner, Susanne; Güth, Werner; Miller, Luis M. - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2005

Conventions can be narrowly interpreted as coordinated ways of equilibrium play, i.e., a specific convention tells all players in a game with multiple strict equilibria which equilibrium to play. In our view, coordination often takes place before learning about the games. Thus, one has to...

Persistent link: https://www.econbiz.de/10005765213

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

Schmidt, Carsten; Sutter, Matthias; Güth, Werner - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 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/10005824107

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

Güth, Werner; Schmidt, Carsten; Sutter, Matthias - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2005

Persistent link: https://www.econbiz.de/10005765134

The impact of payoff interdependence on trust and trustworthiness

Levati, M. Vittoria; Ploner, Matteo; Güth, Werner - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2005

, trust remains unaffected by the extent of interdependence whereas trustworthiness reacts positively to it. …

Persistent link: https://www.econbiz.de/10005824111

Social identity and trust - An experimental investigation

Güth, Werner; Levati, M. Vittoria; Ploner, Matteo - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2007

We experimentally examine how group identity affects trust behavior in an investment game. In one treatment, group … prompted) to minimal group identity to two-dimensional group identity, we find no significant differences in trust decisions …. However, trust is significantly and positively correlated with contribution decisions, suggesting that "social" trust is …

Persistent link: https://www.econbiz.de/10005765125

How to Preserve a Fortune: An Experimental Comparison of Foundations and Direct Transfers to the Heir

Güth, Werner; Koschmieder, Kurt-Dieter; Levati, M. Vittoria - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2005

Direct transfers allow heirs to freely use what has been passed on to them. Bequeathers who do not trust their … trust their descendant. When transfers to the descendant are less efficient than investments in a foundation, due to, e …

Persistent link: https://www.econbiz.de/10005765155

Satisficing or Optimizing? - An Experimental Study

Güth, Werner; Fellner, Gerlinde; Martin, Ev - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

This experimental study investigates whether individuals prefer bounded rationality over rational choice theory when facing simple investment tasks. First, participants state some personal parameters that serve as an input to render a theoretical approach, namely satisficing or optimality,...

Persistent link: https://www.econbiz.de/10005252199