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On the nature of fair behavior and its development with age –

Sutter, Matthias - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2003

Economic decisions have been shown to depend on actual outcomes as well as perceived intentions. In this paper, we examine whether and how the relative importance of outcomes or intentions for economic decision develops with age. We report the result of ultimatum games with children, teens and...

Persistent link: https://www.econbiz.de/10005247886

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

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

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

Friedman, Harsanyi, Rawls, Boulding - Or Somebody Else? An Experimental Investigation of Distributive Justice

Traub, Stefan; Seidl, Christian; Schmidt, Ulrich; … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

inequality-averse as umpires. A within-subjects analysis shows that about one half became less inequality-averse, one quarter … became more inequality-averse and one quarter remained unchanged as umpires. In the risk scenario, subjects become on average … more inequality-averse in their umpire roles. A within-subjects analysis shows that about half became more inequality …

Persistent link: https://www.econbiz.de/10005765215

Are preferences incomplete? An experimental study using flexible choices

Danan, Eric; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004

Completeness, the most commonly assumed axiom in preference theory, has not received much attention from the experimental literature. Indeed, incomplete preferences model a cognitive phenomenon (an agent's inability to compare alternatives), and therefore cannot be directly revealed through...

Persistent link: https://www.econbiz.de/10005247884

An Experimental Investigation of Alternatives to Expected Utility Using Pricing Data

Morone, Andrea; Schmidt, Ulrich - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2005

Experimental research on decision making under risk has until now always employed choice data in order to evaluate the empirical performance of expected utility and the alternative non-expected utility theories. The present paper performs a similar analysis which relies on pricing data instead...

Persistent link: https://www.econbiz.de/10005252188

Strategic Delay and Rational Imitation in the Laboratory

Ziegelmeyer, Anthony; My, Kene Boun; Vergnaud, … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

This paper investigates market failures due to strategic delays. We test experimentally a discrete model of dynamic investment, where two privately informed agents have an option to invest at the time of their choice in the presence of waiting costs. The equilibrium outcome of our experimental...

Persistent link: https://www.econbiz.de/10005252205

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 …

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

Partner selection in public goods experiments

Coricelli, Giorgio; Fehr, Dietmar; Fellner, Gerlinde - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2003

This paper studies the e_ect of introducing costly partner selection for the voluntary contribution to a public good. Subjects participate in six sequences of five rounds of a two-person public good game in partner design. At the end of each sequence subjects can select a new partner out of six...

Persistent link: https://www.econbiz.de/10005765142

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