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Cheap talk and secret intentions in a public goods experiment
Güth, Werner; Levati, Maria Vittoria; Weiland, Torsten - 2007
In a public goods experiment, subjects can vary over a period of stochastic length two contribution levels: one is publicly observable (their cheap talk stated intention), while the other is not seen by the others (their secret intention). When the period suddenly stops, participants are...
Persistent link: https://www.econbiz.de/10010275033
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Cheap Talk and Secret Intentions in a Public Goods Experiment
Güth, Werner - 2009
In a public goods experiment, subjects can vary over a period of stochastic length two contribution levels: one is publicly observable (their cheap talk stated intention), while the other is not seen by the others (their secret intention). When the period suddenly stops, participants are...
Persistent link: https://www.econbiz.de/10012721096
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Modeling a satisficing judge
Engel, Christoph; Güth, Werner - 2015
Judges and juries frequently must decide, knowing that they do not know everything that would be relevant for deciding the case. The law uses two related institutions for enabling courts to nonetheless decide the case: the standard of proof, and the burden of proof. In this paper, we contrast a...
Persistent link: https://www.econbiz.de/10011419382
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Modeling a satisficing judge
Engel, Christoph; Güth, Werner - 2015
Judges and juries frequently must decide, knowing that they do not know everything that would be relevant for deciding the case. The law uses two related institutions for enabling courts to nonetheless decide the case: the standard of proof, and the burden of proof. In this paper, we contrast a...
Persistent link: https://www.econbiz.de/10011349372
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Modeling a Satisficing Judge
Engel, Christoph - 2015
Judges and juries frequently must decide, knowing that they do not know everything that would be relevant for deciding the case. The law uses two related institutions for enabling courts to nonetheless decide the case: the standard of proof, and the burden of proof. In this paper, we contrast a...
Persistent link: https://www.econbiz.de/10013014221
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Behavioral Patterns and Reduction of Sub-Optimality : An Experimental Choice Analysis
Di Cagno, Daniela - 2017
in (not) granting probability information and in (not) eliciting aspirations. Since in our setting neither other …
Persistent link: https://www.econbiz.de/10012945510
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Overconfidence in investment decisions : an experimental approach
Dittrich, Dennis; Güth, Werner; Maciejovsky, Boris - 2001
We experimentally test overconfidence in investment decisions by offering participants the possibility to substitute their own for alternative investment choices. Overall, 149 subjects participated in two experiments, one with just one risky asset, the other with two risky assets. Overconfidence...
Persistent link: https://www.econbiz.de/10011408444
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Effective equity experiences from an ultimatum experiment
Güth, Werner; Kovács, Judit - Max-Planck-Institut für Ökonomik <Jena> - Abteilung …
,questions whether norm deviations can be detected and thus punished. By investing in information acquisition, aresponder in an ultimatum … can be rather high (‘high payoff mode’) orlow (‘low payoff mode’). The responder can buy information about the proposer … buy reward information (30 out of 55). Buyingreward information on average did not help the responder nor did it improve …
Persistent link: https://www.econbiz.de/10005866948
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From teleology to evolution
Berninghaus, Siegfried; Güth, Werner; Kliemt, Hartmut - In: Journal of Evolutionary Economics 13 (2003) 4, pp. 385-410
This paper focuses on the uneasy alliance of rational choice and evolutionary explanations in modern economics. While direct evolutionary explanations rule out "purposeful" rational choice by assuming "zero-intelligence" and pure rational choice explanations leave no room for "selective"...
Persistent link: https://www.econbiz.de/10005396148
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Path dependence without denying deliberation— a continuous transition model connecting teleology and evolution
Güth, Werner; Stadler, Manfred - In: Journal of Evolutionary Economics 17 (2007) 1, pp. 45-52
Persistent link: https://www.econbiz.de/10005622471