Showing 1 - 10 of 438
Departures from pure self interest in economic experiments have recently inspired models of "social preferences". We … conduct experiments on simple two-person and three-person games with binary choices that test these theories more directly … than the array of games conventionally considered. Our experiments show strong support for the prevalence of "quasi …
Persistent link: https://www.econbiz.de/10005772580
We examine, experimentally and theoretically, how communication within a partnership may mitigate the problem (highlighted in contract theory) of hidden action. What is the form and content of the communication? Which model of decision-making can capture the impact of communication? We consider...
Persistent link: https://www.econbiz.de/10005645507
Evidence suggests that whether or not people dislike lying is situation-dependent. We argue that the theory of simple guilt can accommodate this well.
Persistent link: https://www.econbiz.de/10010702934
This survey explores the contributions of behavioral economics, laboratory experiments, and field experiments to our …, altruism, inequality aversion, and guilt aversion) from pledges of trust and from reciprocal behavior provides a foundation for … of theory and experiments that have identified trust and reciprocity in economics and human behavior. …
Persistent link: https://www.econbiz.de/10010960086
We study experimentally how the ability to communicate affects the frequency and effectiveness of flexible and inflexible contracts in a bilateral trade context where sellers can adjust trade quality after observing a post-contractual cost shock and a discretionary buyer transfer. In the absence...
Persistent link: https://www.econbiz.de/10010851445
We study experimentally how the ability to communicate affects the frequency and effectiveness of flexible and inflexible contracts in a bilateral trade context where sellers can adjust trade quality after observing a post-contractual cost shock and a discretionary buyer transfer. In the absence...
Persistent link: https://www.econbiz.de/10010554806
Some current utility models presume that people are concerned with their relative standing in a reference group. If this is true, do certain types care more about this than others? Using simple binary decisions and self-reported happiness, we investigate both the prevalence of ``difference...
Persistent link: https://www.econbiz.de/10005707960
with inequality, in contrast with existing models of both risk sharing and social preferences. …
Persistent link: https://www.econbiz.de/10005090917
We examine factors that may contribute to 'overconfidence' in relative ability on an intelligence test. We test experimentally for evidence of self-esteem concerns and instrumental strategic concerns. Errors in Bayesian updating are rare when the information does not involve own relative...
Persistent link: https://www.econbiz.de/10011255502
In this paper, we describe a series of laboratory experiments that implement specific examples of a more general …
Persistent link: https://www.econbiz.de/10010761741