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The roots of cooperation
Bašić, Zvonimir; Bindra, Parampreet Christopher; … - 2021 - This version: 10 June 2021
and indirect reciprocity as well as third-party punishment - emerges earliest as an effective means to increase … cooperation in a repeated prisoner's dilemma game. We find that third-party punishment exhibits a strikingly positive effect on … cooperation rates by doubling them in comparison to a control condition. It promotes cooperative behavior even before punishment …
Persistent link: https://www.econbiz.de/10012591195
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Screening experts' distributional preferences
Erharter, Dominik - 2013
We study optimal direct mechanisms for a credence goods expert who can be altruistic or spiteful. The expert has private information about her distributional preferences and possibly also about her customer's needs. We introduce a method that allows the customer to offer separate contracts to...
Persistent link: https://www.econbiz.de/10010193284
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When do fiscal consolidations lead to consumption booms? : lessons from a laboratory experiment
Geiger, Martin; Luhan, Wolfgang J.; Scharler, Johann - 2015
According to the expectations channel, a fiscal consolidation may give rise to less contractionary, or even … design a laboratory experiment to study the conditions under which the expectations channel operates. Our results indicate … consumption, which supports the expectations channel. We also find that the expectations channel is more pronounced if the fiscal …
Persistent link: https://www.econbiz.de/10010509128
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Ostracism and theft in heterogeneous groups
Baier, Alexandra; Balafoutas, Loukas; Jaber-Lopez, Tarek - 2021 - This version: 22.06.2021
Ostracism, or exclusion by peers, has been practiced since ancient times as a severe form of punishment against … form of punishment and decreases theft by excluded members once they are re-admitted into the group. However, it also leads …
Persistent link: https://www.econbiz.de/10012591202
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Bubble or no bubble : the impact of market model on the formation of price bubbles in experimental asset markets
Kirchler, Michael; Huber, Jürgen; Stöckl, Thomas - 2009
For the past two decades a market model introduced by Smith, Suchanek, and Williams (1988, henceforth SSW) has dominated experimental research on financial markets. In SSW the fundamental value of the traded asset is determined by the expected value of a finite stream of dividend payments. This...
Persistent link: https://www.econbiz.de/10009736637
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Bubble or no bubble : the impact of market model on the formation of price bubbles in experimental asset markets
Kirchler, Michael; Huber, Jürgen; Stöckl, Thomas - 2009
Persistent link: https://www.econbiz.de/10008657585
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The determinants of managerial decisions under risk
Kocher, Martin; Pogrebna, Ganna; Sutter, Matthias - 2008
In hierarchical organizations the role of a team leader often requires making decisions which do not necessarily coincide with the majority opinion of the team. However, these decisions are final and binding for all team members. We study experimentally why, and under which conditions, leaders...
Persistent link: https://www.econbiz.de/10009731792
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Ignorance, intention and stochastic outcomes
Friedrichsen, Jana; Momsen, Katharina; Piasenti, Stefano - 2020
Intentions play a fundamental role in many situations characterized by nonsimultaneous interaction from principal-agent settings in firms to the international task of protecting the environment and the climate. We experimentally investigate how decision makers (DMs) respond to perceived...
Persistent link: https://www.econbiz.de/10012312915
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Cognitive skills and economic preferences in the fund industry
Farago, Adam; Holmen, Martin; Holzmeister, Felix; … - 2019
By running a battery of incentivized and non-incentivized experiments with fund managers from four countries in the European Union, we investigate the impact of fund managers' cognitive skills and economic preferences on the dynamics of the mutual funds they manage. First, we find that fund...
Persistent link: https://www.econbiz.de/10012036081
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Active and passive risk-taking
König-Kersting, Christian; Lohse, Johannes; Merkel, Anna - 2020
Does risk-taking depend on whether risks result from an action (active risk-taking) or from not taking action (passive risk-taking)? Economic studies of risk mostly focus on active risk-taking, even though in many everyday decisions, risks result from remaining passive. It is unclear whether...
Persistent link: https://www.econbiz.de/10012203407