Showing 1 - 10 of 62
adopted, and use of punishment opportunities. Students cooperate more than workers, and cooperation increases in both subject … pools when a personal punishment option is available. Students are less likely than workers to adopt strategies of … workers to sanction uncooperative behavior with decentralized punishment and also personal punishment when available. …
Persistent link: https://www.econbiz.de/10011734178
Social norms of cooperation are studied under several forms of communication. In an experiment, strangers could make public statements before playing a prisoner's dilemma. The interaction was repeated indefinitely, which generated multiple equilibria. Communication could be used as a tool to...
Persistent link: https://www.econbiz.de/10011651645
In this paper we treat instructions as an experimental variable. Using a public good game, we study how the instructions' format affects the participants' understanding of the experiment, their speed of play and their experimental behavior. We show that longer instructions do not significantly...
Persistent link: https://www.econbiz.de/10011651686
adopted, and use of punishment opportunities. Students cooperate more than workers, and cooperation increases in both subject … pools when a personal punishment option is available. Students are less likely than workers to adopt strategies of … workers to sanction uncooperative behavior with decentralized punishment and also personal punishment when available. …
Persistent link: https://www.econbiz.de/10011651720
Socio-economic performance differs not only across countries but within countries too and can persist even after religion, language, and formal institutions are long shared. One interpretation of these disparities is that successful regions are characterized by higher levels of trust, and, more...
Persistent link: https://www.econbiz.de/10011651774
Impersonal exchange is the hallmark of an advanced society and money is one key institution that supports it. Economic theory regards money as a crude arrangement for monitoring counterparts' past conduct. If so, then a public record of past actions—or memory—should supersede the function...
Persistent link: https://www.econbiz.de/10011651921
This study reveals the existence of a causal link between the availability of money and an expanded scale of interaction. We constructed an experiment where participants chose the group size, either a low-value partnership or a high-value group of strangers, and then faced an intertemporal...
Persistent link: https://www.econbiz.de/10011651936
In an online experiment, we exploit the existing disparities in socio-economic status within an Italian city, to study how these differences correlate with preferences in strategic and non-strategic situations. Our findings indicate that participants living in an area characterized by a high...
Persistent link: https://www.econbiz.de/10011931723
Impersonal exchange is the hallmark of an advanced society. One key institution for impersonal exchange is money, which economic theory considers just a primitive arrangement for monitoring past conduct in society. If so, then a public record of past actions - or memory - supersedes the function...
Persistent link: https://www.econbiz.de/10010427219
In this paper we treat instructions as an experimental variable. Using a public good game, we study how the instructions' format affects the participants' understanding of the experiment, their speed of play and their experimental behavior. We show that longer instructions do not significantly...
Persistent link: https://www.econbiz.de/10010281615