Showing 31 - 40 of 93
systematically examine the determinants of informal sanctions by a large number of experiments. Our findings show that the violation … future material benefits. While non-strategic sanctions are of major importance in our experiments, strategic sanctions seem …
Persistent link: https://www.econbiz.de/10005627991
This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
Persistent link: https://www.econbiz.de/10005627997
Typically, laboratory experiments suffer from homogeneous subject pools and self-selection biases. The usefulness of … method integrating interactive experiments and representative surveys thereby overcoming crucial weaknesses of both … approaches. One of the major advantages of our approach is that it allows for the integration of experiments, which require …
Persistent link: https://www.econbiz.de/10005761956
Typically, laboratory experiments suffer from homogeneous subject pools and selfselection biases. The usefulness of … method integrating interactive experiments and representative surveys thereby overcoming crucial weaknesses of both … approaches. One of the major advantages of our approach is that it allows for the integration of experiments, which require …
Persistent link: https://www.econbiz.de/10008526892
This paper investigates the driving forces behind informal sanctions in cooperation games and the extent to which theories of fairness and reciprocity capture these forces. We find that cooperators’ punishment is almost exclusively targeted towards the defectors but the latter also impose a...
Persistent link: https://www.econbiz.de/10005703785
We study indirect reciprocity and strategic reputation building in an experimental helping game. At any time only half of the subjects can build a reputation. This allows us to study both pure indirect reciprocity that is not contaminated by strategic reputation building and the impact of...
Persistent link: https://www.econbiz.de/10005178144
We investigate the effect of monetary policy on stock market bubbles and trading behavior in experimental asset markets. We introduce the possibility of investing in interest bearing bonds to the widely used laboratory asset market design of Smith et al. (1988). Treatment groups face a variable...
Persistent link: https://www.econbiz.de/10010682460
We present experimental evidence on the existence of lies which are disadvantageous to the person lying in individual decision problems. Potential reasons for this behavior are preferences for manipulating others’ perceptions or preserving a positive self-perception. If the utility gained from...
Persistent link: https://www.econbiz.de/10010608205
This paper investigates the driving forces behind informal sanctions in cooperation games and the extent to which theories of fairness and reciprocity capture these forces. We find that cooperators' punishment is almost exclusively targeted towards the defectors but the latter also impose a...
Persistent link: https://www.econbiz.de/10003031484
systematically examine the determinants of informal sanctions by a large number of experiments. Our findings show that the violation … future material benefits. While non-strategic sanctions are of major importance in our experiments, strategic sanctions seem …
Persistent link: https://www.econbiz.de/10014123017