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The Impact of Naïve Advice and Observational Learning in Beauty-contest Games
Kocher, Martin G.; Sutter, Matthias; Wakolbinger, Florian - 2007
We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naïve advice outperform uninformed subjects permanently, whereas...
Persistent link: https://www.econbiz.de/10010325406
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Other-Regarding Preferences and Leadership Styles
Kocher, Martin G. - 2009
We use a laboratory experiment to examine whether and to what extent other-regarding preferences of team leaders influence their leadership style in choice under risk. We find that leaders who prefer efficiency or report high levels of selfishness are more likely to exercise an autocratic...
Persistent link: https://www.econbiz.de/10012764226
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The Impact of Naïve Advice and Observational Learning in Beauty-contest Games
Kocher, Martin G.; Sutter, Matthias; Wakolbinger, Florian - Tinbergen Instituut - 2007
We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naïve advice outperform uninformed subjects permanently, whereas...
Persistent link: https://www.econbiz.de/10011255507
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The Impact of Naïve Advice and Observational Learning in Beauty-contest Games
Kocher, Martin G.; Sutter, Matthias; Wakolbinger, Florian - Tinbergen Institute - 2007
We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naïve advice outperform uninformed subjects permanently, whereas...
Persistent link: https://www.econbiz.de/10005144513
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Choosing the carrot or the stick? Endogenous institutional choice in social dilemma situations
Sutter, Matthias; Haigner, Stefan; Kocher, Martin G. - 2008
find a large and positive effect of endogenous institutional choice on the level of cooperation in comparison to … exogenously implemented institutions. This suggests that participation rights enhance cooperation in groups. With endogenous … levels of cooperation. Our results are evaluated against the predictions of social preference models. …
Persistent link: https://www.econbiz.de/10010293404
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How Trust in Social Dilemmas Evolves with Age
Kocher, Martin G. - 2015
While trust and trustworthiness provide a fundamental foundation for human relationships, little is known about how trusting and trustworthy behavior in social dilemmas is related to age and aging. A few papers use data from surveys such as the World Values Survey to address a potential...
Persistent link: https://www.econbiz.de/10013018274
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Age and the Development of Trust and Reciprocity
Sutter, Matthias; Kocher, Martin G. - 2004
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 and reciprocity have been identified as fundamental...
Persistent link: https://www.econbiz.de/10014074105
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Other-regarding preferences and leadership styles
Kocher, Martin G.; Pogrebna, Ganna; Sutter, Matthias - 2009
We use a laboratory experiment to examine whether and to what extent other-regarding preferences of team leaders influence their leadership style in choice under risk. We find that leaders who prefer efficiency or report high levels of selfishness are more likely to exercise an autocratic...
Persistent link: https://www.econbiz.de/10010269301
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Strong, bold, and kind: Self-control and cooperation in social dilemmas
Kocher, Martin G.; Martinsson, Peter; Myrseth, Kristian … - 2013
We develop a model that relates self-control and conflict identification to cooperation patterns in social dilemmas. As … of cooperation. This means that there is evidence for an impulse to be selfish and that cooperative behavior requires …
Persistent link: https://www.econbiz.de/10010352109
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Strong, Bold, and Kind: Self-Control and Cooperation in Social Dilemmas
Kocher, Martin G.; Martinsson, Peter; Myrseth, Kristian … - 2012
We develop a model relating self-control, risk preferences and conflict identification to cooperation patterns in … cooperation, and the association is weaker for more risk-averse individuals. Free riders differ from other contributor types only …
Persistent link: https://www.econbiz.de/10010427625