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Social preferences: Some simple tests and a new model
Charness, Gary; Rabin, Matthew - Department of Economics and Business, Universitat … - 1999
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...
Persistent link: https://www.econbiz.de/10005772580
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Promises & Partnership
Charness, Gary; Dufwenberg, Martin - Nationalekonomiska institutionen, Stockholms Universitet - 2003
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
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Responsibility-allevation and effort provision in a gift-exchange experiment
Charness, Gary - Department of Economics and Business, Universitat … - 1998
is responsible for an outcome. The responsibility-alleviation effect states that a shift of responsibility to an external … party, indicating that even a slight shift in perceived responsibility for the final payoffs can change behavior …. Responsibility-alleviation is a factor in economic environments featuring substantial personal interaction. …
Persistent link: https://www.econbiz.de/10005772491
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Relative payoffs and happiness: An experimental study
Charness, Gary; Grosskopf, Brit - Department of Economics and Business, Universitat … - 1999
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
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Learning Your Own Risk Preferences
Charness, Gary; Chemaya, Nir; Trujano-Ochoa, Dario - 2022
Do people know their own risk preferences, or do risk choices change with experience and observation? We provide a clean and straightforward test in the laboratory. People make an initial decision concerning a lottery choice and then experience 24 practice periods in which they roll the dice,...
Persistent link: https://www.econbiz.de/10013404466
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Repeated Experience and Consistent Risk Preferences
Charness, Gary; Chemaya, Nir - 2023
Economists have developed various methods to elicit risk preferences, which can help forecast decision-making in risky scenarios. However, risk elicitation can be complex, and there remain unresolved challenges. Our research demonstrates that repeated exposure to risk elicitation tasks, such as...
Persistent link: https://www.econbiz.de/10014350808
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Competitive preferences and status as an incentive: Experimental evidence
Charness, Gary; Masclet, David; Villeval, Marie-Claire - 2010
In this paper, we investigate individuals' investment in status in an environment where no monetary return can possibly be derived from reaching a better relative position. We use a real-effort experiment in which we permit individuals to learn and potentially improve their status (rank). We...
Persistent link: https://www.econbiz.de/10010277030
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Competitive preferences and status as an incentive : experimental evidence
Charness, Gary; Masclet, David; Villeval, Marie-Claire - 2010
In this paper, we investigate individuals' investment in status in an environment where no monetary return can possibly be derived from reaching a better relative position. We use a real-effort experiment in which we permit individuals to learn and potentially improve their status (rank). We...
Persistent link: https://www.econbiz.de/10003985726
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An Investment Game with Third-Party Intervention
Charness, Gary - 2007
This paper explores the effect of the possibility of third-party intervention on behavior in a variant of the Berg, Dickhaut, and McCabe (1995) quot;Investment Gamequot;. A third-party's material payoff is not affected by the decisions made by the other participants, but this person may choose...
Persistent link: https://www.econbiz.de/10012731234
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Let's Talk: How Communication Affects Contract Design
Brandts, Jordi; Charness, Gary; Ellman, Matthew - Barcelona Graduate School of Economics (Barcelona GSE) - 2012
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