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Voting for compromises: Alternative voting methods in polarized societies

Alós-Ferrer, Carlos; Buckenmaier, Johannes - 2021

's lives and contribute to social instability. Even if political compromises based on social conventions as equity or economic … methods (Approval Voting and Borda Count) reduce the support for egoistic options and favor equity and efficiency, avoiding … extreme outcomes. Those methods differ in whether they favor equity or efficiency when the latter benefits a majority. Our …

Persistent link: https://www.econbiz.de/10012631630

Public goods and voting on formal sanction schemes: An experiment

Putterman, Louis; Tyran, Jean-Robert; Kamei, Kenju - 2010

The burgeoning literature on the use of sanctions to support public goods provision has largely neglected the use of formal or centralized sanctions. We let subjects playing a linear public goods game vote on the parameters of a formal sanction scheme capable both of resolving and of...

Persistent link: https://www.econbiz.de/10010287731

Individual Irrationality and Aggregate Outcomes

Fehr, Ernst; Tyran, Jean-Robert - Institut für Schweizerisches Bankwesen <Zürich> - 2005

There is abundant evidence that many individuals violate the rationality assumptions routinely made in economics. However, powerful evidence also indicates that violations of individual rationality do not necessarily refute the aggregate predictions of standard economic models that assume full...

Persistent link: https://www.econbiz.de/10005858769

Second Thoughts on Free Riding

Nielsen, Ulrik H.; Tyran, Jean-Robert; Wengström, Erik - 2013

We use the strategy method to classify subjects into cooperator types in a large-scale online Public Goods Game and find that free riders spend more time on making their decisions than conditional cooperators and other cooperator types. This result is robust to reversing the framing of the game...

Persistent link: https://www.econbiz.de/10013208656

Self-Organization for collective action: An experimental study of voting on formal, informal, and no sanction regimes

Markussen, Thomas; Putterman, Louis; Tyran, Jean-Robert - 2011

dilemma in which self-interest should produce a sub-optimal outcome absent sanctions for non-cooperation. We then test …

Persistent link: https://www.econbiz.de/10010287722

State or nature? Formal vs. informal sanctioning in the voluntary provision of public goods

Kamei, Kenju; Putterman, Louis; Tyran, Jean-Robert - 2011

The sanctioning of norm-violating behavior by an effective formal authority is an efficient solution for social dilemmas. It is in the self-interest of voters and is often favorably contrasted with letting citizens take punishment into their own hands. Allowing informal sanctions, by contrast,...

Persistent link: https://www.econbiz.de/10010287730

Cognitive sophistication and deliberation times

Alós-Ferrer, Carlos; Buckenmaier, Johannes - 2018

, and deliberation times. In an experimental test, the predicted relations are readily observed in the data, but only when …

Persistent link: https://www.econbiz.de/10011969203

Cognitive sophistication and deliberation times

Alós-Ferrer, Carlos; Buckenmaier, Johannes - 2019

Differences in cognitive sophistication and effort are at the root of behavioral heterogeneity in economics. To explain this heterogeneity, behavioral models assume that certain choices indicate higher cognitive effort. A fundamental problem with this approach is that observing a choice does not...

Persistent link: https://www.econbiz.de/10012010237

Multiple behavioral rules in Cournot oligopolies

Alós-Ferrer, Carlos; Ritschel, Alexander - 2020

We study intra-individual behavioral heterogeneity in an experimental Cournot oligopoly. Previous empirical results in this setting have demonstrated convergence to competitive outcomes, in agreement with theoretical predictions assuming that players imitate successful opponents. We postulate...

Persistent link: https://www.econbiz.de/10012244618

Risk Aversion Relates to Cognitive Ability: Fact or Fiction?

Andersson, Ola; Tyran, Jean-Robert; Wengström, Erik; … - 2013

Recent experimental studies suggest that risk aversion is negatively related to cognitive ability. In this paper we report evidence that this relation might be spurious. We recruit a large subject pool drawn from the general Danish population for our experiment. By presenting subjects with...

Persistent link: https://www.econbiz.de/10013208638