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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
, inducing them to resist entering into employment contracts. This resistance to employment contracts vanishes if fairness …
Persistent link: https://www.econbiz.de/10010316905
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
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
-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
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
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
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
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