Showing 1 - 10 of 45
most frequently observed and discussed biases of financial investors. We investigate in a laboratory experiment whether the …
Persistent link: https://www.econbiz.de/10010883481
This paper analyzes responsibility attributions for outcomes of collective decision making processes. In particular, we ask if decision makers are blamed for being pivotal if they implement an unpopular outcome in a sequential voting process. We conduct an experimental voting game in which...
Persistent link: https://www.econbiz.de/10011272198
We present experimental evidence on the existence of lies which are disadvantageous to the person lying in individual decision problems. Potential reasons for this behavior are preferences for manipulating others’ perceptions or preserving a positive self-perception. If the utility gained from...
Persistent link: https://www.econbiz.de/10010608205
an experiment, in which an investor can directly transfer money to a trustee or delegate this decision to another …
Persistent link: https://www.econbiz.de/10010584356
laboratory experiment in which apologies emerge endogenously, we find that harmdoers use apologies in particular if they fear …
Persistent link: https://www.econbiz.de/10010719487
Are people blamed for being pivotal if they implement an unpopular outcome in a sequential voting process? We conduct an experimental voting game and analyze how pivotality affects responsibility attribution by parties who can be negatively affected by the voting outcome. We measure...
Persistent link: https://www.econbiz.de/10011070849
One of the most basic questions in economics concerns the effects of competition on market prices. We show that the neglect of both fairness concerns and decision errors prevents a satisfactory understanding of how competition affects prices. We conducted experiments which demonstrate that the...
Persistent link: https://www.econbiz.de/10012738637
Recently developed models of fairness can explain a wide variety of seemingly contradictory facts. The most controversial and yet unresolved issue in the modeling of fairness preferences concerns the behavioral relevance of fairness intentions. Intuitively, fairness intentions seem to play an...
Persistent link: https://www.econbiz.de/10012739184
The existence of social norms is one of the big unsolved problems in social cognitive science. Although no other concept is invoked more frequently in the social sciences, we still know little about how social norms are formed, the forces determining their content, and the cognitive and...
Persistent link: https://www.econbiz.de/10005076756
interaction effects. We conduct a laboratory experiment that avoids the identification problem present in the field and allows us …
Persistent link: https://www.econbiz.de/10005150913