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trust and reciprocity in a population where agents play both roles (trustor and trustee). Our experiment consists on three … does not affect the average trust in the population. Trust is significantly higher only when players can build up a … reputation in both roles. We show that the increase in trust is mainly linked to the formation of mutual trust …
Persistent link: https://www.econbiz.de/10010577290
This paper proposes a novel explanation for the context dependency of individual choices in two-player games. Context dependency refers to the well-established phenomenon that a player, when choosing from a given opportunity set created by the other player’s strategy, chooses differently in...
Persistent link: https://www.econbiz.de/10011210866
Social preferences have been shown to be an important determinant of economic decision making for many adults. We present a large-scale experiment with 883 children and adolescents, aged eight to seventeen years. Participants make decisions in eight simple, one-shot allocation tasks, allowing us...
Persistent link: https://www.econbiz.de/10008462709
Social preferences have been shown to be an important determinant of economic decision making for many adults. We present a largescale experiment with 883 children and adolescents, aged eight to seventeen years. Participants make decisions in eight simple, oneshot allocation tasks, allowing us...
Persistent link: https://www.econbiz.de/10010571478
Social preferences have been shown to be an important determinant of economic decision making for many adults. We present a large-scale experiment with 883 children and adolescents, aged eight to seventeen years. Participants make decisions in eight simple, one-shot allocation tasks, allowing us...
Persistent link: https://www.econbiz.de/10008568487
Psychological game theory can provide rational-choice-based framing effects; frames influence beliefs, beliefs influence motivations. We explain this theoretically and explore empirical relevance experimentally. In a 2×2 design of one-shot public good games we show that frames affect subjectʼs...
Persistent link: https://www.econbiz.de/10011049777
We examine behavioural models involved in the provision of public goods when income inequality exists within groups. Our sample consists of individuals from urban and rural South African fishing communities. We find that behaviour observed in unequal groups does not accord with models of...
Persistent link: https://www.econbiz.de/10010754432
-off) and reciprocal fairness (receiving what one is due based on one’s past actions) using dictator, ultimatum, and trust games … participants’ behavior in the ultimatum and trust games. The self-interested and efficiency maximizers make the lowest offers in … trust game. Consistent with the goal of maximizing the sum of payoffs however, efficiency maximizers and compassionate …
Persistent link: https://www.econbiz.de/10010870874
reciprocity. The experiment implements sequences of two types of extensive form games called Punishment games and Trust games. The … reciprocal behavior. Results show that the level of trust and punishment are consistent with the view that emotions are involved. …
Persistent link: https://www.econbiz.de/10010786876
examine the impact of empowering investors with the right to veto the investee’s profit distribution on trust and … trust by over 30% in both cases. To control for a treatment sequence effect, we conducted the experiment in a reverse order …. We observe a comparable loss in trust when the power to veto is removed. Further analysis of veto decisions indicates …
Persistent link: https://www.econbiz.de/10010577299