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Experimentally observed deviations of behavior from game theoretic predictions suggest that fairness does influence … decision making. Fairness in the sense of equality has become an essential element of economic models aiming at explaining … only fairness norm to be taken into account. More equity norms than equality exist, including inequality of payoffs. Since …
Persistent link: https://www.econbiz.de/10011538681
; (3) perceptions of fairness are prone to the so-called self-serving bias. (4) expectations are often not consistent with …
Persistent link: https://www.econbiz.de/10011539904
Using a unique experimental data set, we investigate how asymmetric legal rights shape bargainers’ aspiration levels through moral entitlements derived from equity norms and number prominence. Aspiration formation is typically hard to observe in real life. Our study involves 15 negotiations...
Persistent link: https://www.econbiz.de/10011771180
We present a field experiment to assess the effect of own and peer wage variations on actual work effort of employees with hourly wages. Work effort neither reacts to an increase of the own wage, nor to a positive or negative peer comparison. This result seems at odds with numerous laboratory...
Persistent link: https://www.econbiz.de/10010365848
We present a field experiment to assess the effect of own and peer wage variations on actual work effort of employees with hourly wages. Work effort neither reacts to an increase of the own wage, nor to a positive or negative peer comparison. This result seems at odds with numerous laboratory...
Persistent link: https://www.econbiz.de/10010343961
This paper presents a new perspective on the nature of fairness in bargaining by using verbal data from spontaneous … providing new insights. The nature of fairness can be viewed as consisting of different facets or components. The ones we study … are allocation aspects, power asymmetry, cultural background, the interplay between fairness and mentalizing, frequency of …
Persistent link: https://www.econbiz.de/10010270765
Experimentally observed deviations of behavior from game theoretic predictions suggest that fairness does influence … decision making. Fairness in the sense of equality has become an essential element of economic models aiming at explaining … only fairness norm to be taken into account. More equity norms than equality exist, including inequality of payoffs. Since …
Persistent link: https://www.econbiz.de/10010317630
agents; (3) perceptions of fairness are prone to the so-called self-serving bias. (4) expectations are often not consistent …
Persistent link: https://www.econbiz.de/10010317680
justified by fairness considerations. 2. Payoffs in sessions with low alternatives for strong groups do not differ significantly …
Persistent link: https://www.econbiz.de/10004968306
agents; (3) perceptions of fairness are prone to the so-called self-serving bias. (4) expectations are often not consistent …
Persistent link: https://www.econbiz.de/10004968336