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We experimentally investigate the relevance of (asymmetric) outside options in ultimatum bargaining. Building on the generalized equity principle formulated by Selten (1978) we derive three different equity rules. These equity rules can explain 43% of all o ers. Our within-subject design allows...
Persistent link: https://www.econbiz.de/10010338950
We experimentally study how redistribution choices are affected by positive and negative information regarding the behaviour of a previous participant in a dictator game with a taking option. We use the strategy method to identify behavioural ‘types', and thus distinguish ‘conformists' from...
Persistent link: https://www.econbiz.de/10012865728
Many institutions use matching algorithms to allocate resources to individuals. Examples include the assignment of doctors, students and military cadets to hospitals, schools and branches, respectively. Oftentimes, agents' ordinal preferences are highly correlated, motivating the use of...
Persistent link: https://www.econbiz.de/10012937303
This paper investigates experimentally the effects of arousing content on viewing choices and satisfaction in television consumption. We test the hypothesis that the portrayal of arousing content combines high attraction and low satisfaction and is thus responsible for sub-optimal choices. In...
Persistent link: https://www.econbiz.de/10013092888
This paper presents the results of a survey-based experiment on the role of equity and efficiency for altruistic behavior. Using simple binary decisions for a representative pool of subjects, we find that both equity and efficiency are relevant for the decision to give. However, contrary to the...
Persistent link: https://www.econbiz.de/10013092890
We report three pre-registered studies (total N=1,799) exploring the effect of nudging personal and injunctive norms in decisions that involve a trade-off between objective equality and efficiency. The first two studies provide evidence that: (i) nudging the personal norm has a similar effect to...
Persistent link: https://www.econbiz.de/10014093181
reciprocity. The experiment implements sequences of two types of extensive form games called Punishment games and Trust games. The …
Persistent link: https://www.econbiz.de/10014094276
Economic decisions have been shown to depend on actual outcomes as well as perceived intentions. In this paper, we examine whether and how the relative importance of outcomes or intentions for economic decisions develops with age. We report the results of ultimatum games with children, teens and...
Persistent link: https://www.econbiz.de/10014072691
This paper shows that identical offers in an ultimatum game generate systematically different rejection rates depending on the other offers that are available to the proposer. This result casts doubt on the consequentialist practice in economics to define the utility of an action solely in terms...
Persistent link: https://www.econbiz.de/10014128054
This paper shows that identical offers in an ultimatum game generate systematically different rejection rates depending on the other offers that are available to the proposer. This result casts doubt on the consequentialist practice in economics to define the utility of an action solely in terms...
Persistent link: https://www.econbiz.de/10014171099