Showing 1 - 10 of 362
-play communication: numerical (tabular) only, and verbal and numerical. We find that either kind of pre-play communication increases … trusting, trustworthiness, or both, in inter-subject comparisons, but that the inclusions of verbal communication generates …
Persistent link: https://www.econbiz.de/10010318961
confidence bands which isolate the uncertainty of individual response coefficients given the temporal path experienced up to that …
Persistent link: https://www.econbiz.de/10010274338
We invited residents of a virtual world who vary in real-world age and occupation to play a trust game with stakes comparable to in world wages. In different treatments, the lab wall was adorned with an emotively suggestive photograph, a suggestive text was added to the instructions, or both a...
Persistent link: https://www.econbiz.de/10010287726
We introduce opportunities for pre-play communication and to enter binding or non-binding contracts in trust games, and … find (a) communication increases trusting and trustworthiness, (b) contracts are unnecessary for trusting and trustworthy …
Persistent link: https://www.econbiz.de/10010318895
This analysis reveals the restricted scope of approaches which utilise arbitrage based arguments toprice contingent claims whose payoffs are determined by the outcome of non-zero-sum valuationgames between financial market participants. Many examples of such model formulations can befound, for...
Persistent link: https://www.econbiz.de/10005870114
higher the levels of cooperation. We compare the behavior from these in finitely repeated games with behavior from finitely … repeated games of the same expected length and we find that there is more cooperation in the in finitely repeated games …
Persistent link: https://www.econbiz.de/10010318999
communication and no punishment, we find that chat room communication increases cooperation and efficiency substantially, and when …: communication, and punishment (allowing subjects to engage in costly reductions of one another’s earnings after learning of their … contribution decisions). We find that communication increases contributions more than punishment, and, taking into account the cost …
Persistent link: https://www.econbiz.de/10010318922
communication and no punishment, we find that chat room communication increases cooperation and efficiency nearly as much as face …: communication, and punishment (allowing subjects to engage in costly reductions of one another’s earnings after learning of their … contribution decisions). We find that communication increases contributions more than punishment, and, taking into account the cost …
Persistent link: https://www.econbiz.de/10010318929
This paper presents an experimental test of the theory of individual sense of fairness of Karni and Safra (2000). According to this theory individuals' choice among random procedures designed to allocate indivisible goods is motivated, in part, by concern for fairness. The experimental study is...
Persistent link: https://www.econbiz.de/10010318333
The standard method when analyzing the problem of cooperation using evolutionary game theory is to assume that people … illustrate how reputation based choice of opponents can explain both the emergence and deterioration of cooperation. We show that … empirical and experimental evidence of cooperation is consistent with our hypothesis that people behave so as to minimize the …
Persistent link: https://www.econbiz.de/10013208482