Showing 1 - 10 of 14
This paper presents an experimental test of the theory of individual sense of fairness of Karni and Safra (2000 … part, by concern for fairness. The experimental study is intended to test this hypothesis. In the experiments, the subjects … overall lottery more ``fair''. If these subjects have no concern for fairness, they will choose the lottery that assigns them …
Persistent link: https://www.econbiz.de/10010318333
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
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
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
offers with higher probability. In addition, by reading the advice offered we conclude that arguments of fairness are rarely …
Persistent link: https://www.econbiz.de/10010334253
This is a paper on the creation and evolution of conventions of behavior in 'inter-generational games'. In these games a sequence of non-overlapping 'generations' of players play a stage game for a finite number of periods and are then replaced by other agents who continue the game in their role...
Persistent link: https://www.econbiz.de/10010334260
to (i) measure the structure of preferences over lotteries and intertemporal income streams and (ii) test for stability …
Persistent link: https://www.econbiz.de/10010334269
Persistent link: https://www.econbiz.de/10010334301
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
We study risk taking on behalf of others, both with and without potential losses. A large-scale incentivized experiment is conducted with subjects randomly drawn from the Danish population. On average, decision makers take the same risks for other people as for themselves when losses are...
Persistent link: https://www.econbiz.de/10013208657