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Various approaches used in Agent-based Computational Economics (ACE) to model endogenously determined interactions between agents are discussed. This concerns models in which agents not only (learn how to) play some (market or other) game, but also (learn to) decide with whom to do that (or not).
Persistent link: https://www.econbiz.de/10010284102
We test the assumption that preferences are unchanged throughout a strategic game in the absence of feedback. To do so, we study the relationship between the strategic nature of a game and players' identification in social groups. We present evidence that the strategic nature of the game affects...
Persistent link: https://www.econbiz.de/10010282836
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can … shading. To analyze fairness perceptions associated with competitive mechanisms, we run laboratory experiments where a single …
Persistent link: https://www.econbiz.de/10011420556
This paper studies whether people can avoid punishment by remaining willfully ignorant about possible negative consequences of their actions for others. We employ a laboratory experiment, using modified dictator games in which a dictator can remain willfully ignorant about the payoff...
Persistent link: https://www.econbiz.de/10010323052
-applicable model of path-dependent fairness preferences, in which past experiences shape preferences, and we experimentally test the …' fairness concerns, making them more likely to accept transactions in which they receive a low share of the surplus. Consistent …
Persistent link: https://www.econbiz.de/10010333105
The paper reports the first experimental study on people's fairness views on extreme income inequalities arising from …" fairness argument for no redistribution: the winner deserves all the earnings because these earnings were determined by his or …
Persistent link: https://www.econbiz.de/10011969198
Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...
Persistent link: https://www.econbiz.de/10014577216
While many studies have shown that fairness matters few efforts have been made to find out how important fairness is to … the individual and thereby assessing the limits of these fairness concerns. This study reports on Trust game experiments … that 90 percent of subjects that had demonstrated fairness ambitions were willing to let down their counterparts if …
Persistent link: https://www.econbiz.de/10013208461
How malleable are people's fairness ideals? Although fairness is an oft-invoked concept in allocation situations, it is … still unclear whether and to what extent people's allocations reflect their fairness ideals. We investigate in a laboratory … experiment whether people's fairness ideals vary with respect to changes in the order in which they undertake two allocation …
Persistent link: https://www.econbiz.de/10013208726
inform the debate on the fairness of market outcomes by showing that the use of a competitive procedure can, by itself …
Persistent link: https://www.econbiz.de/10011282487