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Is Satisficing Absorbable?An Experimental Study

Güth, Werner; Levati, M. Vittoria; Ploner, Matteo - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

We experimentally investigate whether the satisficing approach isabsorbable, i.e., whether it still applies after participants become awareof it. In a setting where an investor decides between a riskless bondand either one or two risky assets, we familiarize participants with thesatisficing...

Persistent link: https://www.econbiz.de/10005866714

Age and the development of trust and reciprocity

Sutter, Matthias; Kocher, Martin G. - 2003

We examine the degree of trust and reciprocity in an experimental trust game with 662 participants from six different …

Persistent link: https://www.econbiz.de/10005845176

Age and the development of trust and reciprocity

Sutter, Matthias; Kocher, Martin G. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

We examine the degree of trust and reciprocity in an experimental trust game with 662 participants from six different … age groups, ranging from 8 year old primary school children to retired persons in their late sixties. Although both trust … research has devoted surprisingly little attention to their development with age. Our results provide clear evidence that trust …

Persistent link: https://www.econbiz.de/10005866861

Monitoring and Pay:An Experiment on Employee Performance under Endogenous Supervisiona

Dittrich, Dennis A. V.; Kocher, Martin G. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

We present an experimental test of a shirking model where monitoring intensityis endogenous and effort a continuous variable. Wage level, monitoring intensityand consequently the desired enforceable effort level are jointly determined bythe maximization problem of the firm. As a result,...

Persistent link: https://www.econbiz.de/10005866658

The Decision Maker Matters: Individual versus Group Behaviour in Experimental Beauty-Contest Games

Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

Economics has devoted little attention so far as to whether the type of decision maker matters for economic decisions. However, many important decisions like those on monetary policy or a company’s business strategy are made by (small) groups rather than an individual. We compare behaviour of...

Persistent link: https://www.econbiz.de/10005866848

Time is money –Time pressure, incentives, and the quality of decision-making

Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

Many decisions in economics and finance have to be made under severe time pressure. Furthermore, payoffs frequently depend on the speed of decision-making, like, for instance, when buying and selling stocks. In this paper, we examine the influence of time pressure and time-dependent incentive...

Persistent link: https://www.econbiz.de/10005866854

Friedman, Harsanyi, Rawls, Boulding - Or Somebody Else?An Experimental Investigation of Distributive Justice

Traub, Stefan; Seidl, Christian; Schmidt, Ulrich; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

This paper investigates distributive justice using a fourfold experimental design:The ignorance and the risk scenarios are combined with the self-concernand the umpire modes. We study behavioral switches between self-concernand umpire mode and investigate the goodness of ten standards of...

Persistent link: https://www.econbiz.de/10005866910

Tax Morale and (De-)Centralization- An Experimental Study

Güth, Werner; Levati, M. Vittoria; Sausgruber, Rupert - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

We consider a society composed of two regions. Each of them pro-vides a public good whose benefits reach beyond local boundaries.In case of decentralization, taxes collected by members of a regionare spent only on that region's public good. In case of centralization, tax receipts from the two...

Persistent link: https://www.econbiz.de/10005866975

Individual versus group behavior and the role of the decision making procedure in gift-exchange experiments

Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002

We test for behavioral differences between groups and individuals in gift-exchange experiments. Related studies establish group behavior as typically closer to the game-theoretic equilibrium. We show that this result my depend crucially on the decision making procedure within groups. A novel...

Persistent link: https://www.econbiz.de/10005867021

Vertrauen als Führungsqualität

Kahle, Egbert - Universität <Lüneburg> / Lehrstuhl Entscheidung und … - 2000

Meine Betrachtung des Führungsproblems geht vom Handeln in den verschiedenen Problemfeldern der Pflege und Betreuung, der Ökonomie und der innerorganisatorischen Beziehungen aus: Der Mensch handelt; zur Vorbereitung des Handelns trifft er Entscheidungen - allein oder in Gemeinschaft mit...

Persistent link: https://www.econbiz.de/10005848176