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shifts induced by these environmental changes: when punishment was not available to investors, we observe significantly lower … levels of investor trust and trustee reciprocity, while there is a significant increase in both behaviors when punishment was … adjustment of decision strategies in the presence of punishment. These results demonstrate that anti-social personality …
Persistent link: https://www.econbiz.de/10011794369
shifts induced by these environmental changes: when punishment was not available to investors, we observe significantly lower … levels of investor trust and trustee reciprocity, while there is a significant increase in both behaviors when punishment was … adjustment of decision strategies in the presence of punishment. These results demonstrate that anti-social personality …
Persistent link: https://www.econbiz.de/10011819525
Experimental behavioral scientists have found consistent deviations from the predictions of the canonical model of self-interest in over a hundred experiments from around the world. Prior research cannot determine whether this uniformity results from universal patterns of behavior, or from the...
Persistent link: https://www.econbiz.de/10005790831
In this paper we reply to Binmore and Shaked's criticism of the Fehr-Schmidt model of inequity aversion. We put the theory and their arguments into perspective and show that their criticism is not substantiated. Finally, we briefly comment on the main challenges for future research on social...
Persistent link: https://www.econbiz.de/10010333922
The formation of human capital is important for a society's welfare and economic success. Recent literature shows that child health can provide an important explanation for disparities in children's human capital development across different socio-economic groups. While this literature focuses...
Persistent link: https://www.econbiz.de/10011601023
We experimentally investigate behavior and beliefs in a sequential prisoner’s dilemma. Each subject had to choose an action as first-mover and a conditional action as second-mover. All subjects also had to state their beliefs about others’ second-mover choices. We find that subjects’...
Persistent link: https://www.econbiz.de/10011615913
The most fundamental solution concepts in Game Theory Nash equilibrium, backward induction, and iterated elimination of dominated strategies are based on the assumption that people are capable of predicting others' actions. These concepts require people to be able to view the game from the other...
Persistent link: https://www.econbiz.de/10010267443
punishment of free riders in SD games is not irrational, but better understood as rational behavior of people with corresponding …
Persistent link: https://www.econbiz.de/10010267444
The formation of human capital is important for a society's welfare and economic success. Recent literature shows that child health can provide an important explanation for disparities in children's human capital development across different socio-economic groups. While this literature focuses...
Persistent link: https://www.econbiz.de/10010278554
The empirical evidence on the existence of social preferences - or lack thereof - is predominantly based on student samples. Yet, knowledge about whether these findings can be extended to the general population is still scarce. In this paper, we compare the distribution of social preferences in...
Persistent link: https://www.econbiz.de/10014534048