Idiosyncratic risk attitudes are usually assumed to be commonly known and related to own payoffs only. However, the alternatives faced by a decision maker often involve risk about others' payoffs as well. Motivated by the importance of other-regarding preferences in social interactions, this...

Concessions try to avoid conflict in bargaining and can finally lead to an agreement. Although they usually are seen as unfolding in time, concessions can also be studied in normal form or by conditioning only on failure of earlier agreement attempts. We experimentally compare three protocols of...

To commit in bargaining is crucial: in the ultimatum game with its one-sided commitment power the 'proposer' (almost) receives the whole pie while the 'responder' is left with (almost) nothing. When bargaining parties commit simultaneously the symmetric <link rid="b8">Nash</link> (Econometrica, 1950, vol. 18, pp....

In three party ultimatum games the proposer can first decide whether to exclude one responder, what increases the available pie. The experiments control for intentionality of exclusion and veto power of the third party. We do not find evidence for indirect reciprocity of the remaining responder...