Similar Search Results

Age and the development of trust and reciprocity

Sutter, Matthias; Kocher, Martin G. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

We examine the degree of trust and reciprocity in an experimental trust game with 662 participants from six different … age groups, ranging from 8 year old primary school children to retired persons in their late sixties. Although both trust … research has devoted surprisingly little attention to their development with age. Our results provide clear evidence that trust …

Persistent link: https://www.econbiz.de/10005866861

Age and the development of trust and reciprocity

Sutter, Matthias; Kocher, Martin G. - 2003

We examine the degree of trust and reciprocity in an experimental trust game with 662 participants from six different …

Persistent link: https://www.econbiz.de/10005845176

Monitoring and Pay:An Experiment on Employee Performance under Endogenous Supervisiona

Dittrich, Dennis A. V.; Kocher, Martin G. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

We present an experimental test of a shirking model where monitoring intensityis endogenous and effort a continuous variable. Wage level, monitoring intensityand consequently the desired enforceable effort level are jointly determined bythe maximization problem of the firm. As a result,...

Persistent link: https://www.econbiz.de/10005866658

Conventions for Selecting Among Conventions :An Evolutionary and Experimental Analysis

Büchner, Susanne; Güth, Werner; Miller, Luis M. - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2007

Conventions can be narrowly interpreted as coordinated ways of equilibriumplay, i.e., a specific convention tells all players in a game withmultiple strict equilibria which equilibrium to play. In our view, coordinationoften takes place before learning about the games. Thus, one hasto coordinate...

Persistent link: https://www.econbiz.de/10005866835

The Decision Maker Matters: Individual versus Group Behaviour in Experimental Beauty-Contest Games

Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

Economics has devoted little attention so far as to whether the type of decision maker matters for economic decisions. However, many important decisions like those on monetary policy or a company’s business strategy are made by (small) groups rather than an individual. We compare behaviour of...

Persistent link: https://www.econbiz.de/10005866848

Time is money –Time pressure, incentives, and the quality of decision-making

Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

Many decisions in economics and finance have to be made under severe time pressure. Furthermore, payoffs frequently depend on the speed of decision-making, like, for instance, when buying and selling stocks. In this paper, we examine the influence of time pressure and time-dependent incentive...

Persistent link: https://www.econbiz.de/10005866854

New Experimental Results on the Solidarity Game

Büchner, Susanne; Coricelli, Giorgio; Greiner, Ben - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

This paper revisits and extends the experiment on the solidarity gameby Selten and Ockenfels (1998). We replicate the basic design of the solidaritygame and extend it in order to test the robustness of the fixed totalsacrifice' effect and the applied strategy method. Our results only...

Persistent link: https://www.econbiz.de/10005866875

Individual versus group behavior and the role of the decision making procedure in gift-exchange experiments

Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002

We test for behavioral differences between groups and individuals in gift-exchange experiments. Related studies establish group behavior as typically closer to the game-theoretic equilibrium. We show that this result my depend crucially on the decision making procedure within groups. A novel...

Persistent link: https://www.econbiz.de/10005867021

I will survive! Gender discrimination in a household saving decisions experiment

Büchner, Susanne; Dittrich, Dennis A. V. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002

We investigate the gender specific inter-temporal allocation behavior ofspouses with different deterministic life expectations in an experimentwhere the gender of one's partner is known. In each period of theirlife both partners propose a consumption level one of which is thenrandomly...

Persistent link: https://www.econbiz.de/10005867075

Incentive Contracts versus Trust in Three-Person Ultimatum Games- An Experimental Study

Büchner, Susanne; Gonzalez, Luis; Güth, Werner; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002

Whether incentive contracts perform better than trust in terms of productiveefficiency is usually explored by principal …, we find that (mutual) trust is as good as incentivecontracts in inducing costly actions by employees. Moreover, we …

Persistent link: https://www.econbiz.de/10005867038