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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
economic contexts. Recent models of non-pecuniary motives can be classified as either altruism- based, equity-based, or …
Persistent link: https://www.econbiz.de/10014193833
The gift-exchange game is a form of sequential prisoner's dilemma, developed by Fehr, Kirchsteiger, and Riedl (1993), and popularized in a series of papers by Ernst Fehr and co-authors. While the European studies typically feature a high degree of gift exchange, the few U.S. studies provide some...
Persistent link: https://www.econbiz.de/10014122584
(highlighted in contract theory) of hidden action. What is the form and content of the communication? Which model of decision … captured using psychological game theory. In particular, agents are influenced by guilt aversion, which suggests a theory of …
Persistent link: https://www.econbiz.de/10005645507
Departures from self-interest in economic experiments have recently inspired models of ?social preferences?. We design a range of simple experimental games that test these theories more directly than existing experiments. Our experiments show that subjects are more concerned with increasing...
Persistent link: https://www.econbiz.de/10014159132
support of a theory of belief-dependent guilt aversion. However, we were not able to reject an alternative explanation based …
Persistent link: https://www.econbiz.de/10014219230
avoid guilt, as can be modeled using psychological game theory. When players exhibit such guilt aversion, communication may …
Persistent link: https://www.econbiz.de/10014089179
We review the vast literature on social preferences by assessing what is known about their fundamental properties, their distribution in the broader population, and their consequences for important economic and political behaviors. We provide, in particular, an overview of the empirically...
Persistent link: https://www.econbiz.de/10014286648
economic contexts. Recent models of non-pecuniary motives can be classified as either altruism- based, equity-based, or …
Persistent link: https://www.econbiz.de/10005707975
Persistent link: https://www.econbiz.de/10002103522