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We examine experimentally the impact of communication on trust and cooperation. Our design admits observation of … influence motivation and behavior by influencing beliefs about beliefs. Promises may enhance trustworthy behavior, which is what …
Persistent link: https://www.econbiz.de/10014089179
We study experimentally a two-stage compensation mechanism for promoting cooperation in prisoner's dilemma games. In … asymmetric prisoner's dilemma games we consider, all payment pairs consistent with mutual cooperation in subgame …-perfect equilibrium transform these prisoner's dilemma games into coordination games, with both mutual cooperation and mutual defection as …
Persistent link: https://www.econbiz.de/10014057940
We test whether promises per se are effective in enhancing cooperative behavior in a form of a trust game. In Charness & Dufwenberg (2006) we found considerable effectiveness for free-form personalized pre-play statements-of-intent ("promises"), in support of a theory of belief-dependent guilt...
Persistent link: https://www.econbiz.de/10014219230
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
The standard procedure in experimental economics maintains anonymity among participants. Yet, many field interactions are conducted with neither complete anonymity nor complete familiarity. How will people respond to varying degrees of anonymity and social distance? We consider the effect of one...
Persistent link: https://www.econbiz.de/10014034431
Trust is an essential component of good social outcomes and effective economic performance. This is particularly true in environments such as the Prisoner's Dilemma or standard public-goods games, where the equilibrium in a one-shot case involves strictly uncooperative behavior. Evolutionary...
Persistent link: https://www.econbiz.de/10013146695
The notions of one's social identity and group membership have recently become topics for economic theory and experiments, and recent research has shown the importance of identity in a wide array of economic environments. But predictions are unclear when there is some trade-off between one's...
Persistent link: https://www.econbiz.de/10011049776
competing. Third, seniors are typically more cooperative than juniors in a team-production game. Cooperation is highest in …
Persistent link: https://www.econbiz.de/10013317230
There is economic pressure towards the postponement of the retirement age, but employers are still reluctant to employ older workers. We investigate the comparative behavior of juniors and seniors in experiments conducted both onsite with the employees of two large firms and in a conventional...
Persistent link: https://www.econbiz.de/10014197893
market. The direction of market imbalance could influence subjects' motivation, as second movers, workers, might react …
Persistent link: https://www.econbiz.de/10005772248