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Guilt from promise-breaking and trust in markets for expert services: Theory and experiment
Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - 2010
We examine the influence of guilt and trust on the performance of credence goods markets. An expert can make a promise to a consumer first, whereupon the consumer can express her trust by paying an interaction price before the expert's provision and charging decisions. We argue that the expert's...
Persistent link: https://www.econbiz.de/10010269892
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Guilt from Promise-Breaking and Trust in Markets for Expert Services - Theory and Experiment
Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - 2010
We examine the influence of guilt and trust on the performance of credence goods markets. An expert can make a promise to a consumer first, whereupon the consumer can express her trust by paying an interaction price before the expert's provision and charging decisions. We argue that the expert's...
Persistent link: https://www.econbiz.de/10010294816
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Guilt from Promise-Breaking and Trust in Markets for Expert Services: Theory and Experiment
Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - Institute for the Study of Labor (IZA) - 2010
We examine the influence of guilt and trust on the performance of credence goods markets. An expert can make a promise to a consumer first, whereupon the consumer can express her trust by paying an interaction price before the expert’s provision and charging decisions. We argue that the...
Persistent link: https://www.econbiz.de/10008529143
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Guilt from Promise-Breaking and Trust in Markets for Expert Services – Theory and Experiment
Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - Nationalekonomiska institutionen, Handelshögskolan - 2010
We examine the influence of guilt and trust on the performance of credence goods markets. An expert can make a promise to a consumer first, whereupon the consumer can express her trust by paying an interaction price before the expert's provision and charging decisions. We argue that the expert's...
Persistent link: https://www.econbiz.de/10008562419
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Guilt from Promise-Breaking and Trust in Markets for Expert Services - Theory and Experiment
Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - Institut für Finanzwissenschaft, Fakultät für … - 2010
We examine the influence of guilt and trust on the performance of credence goods markets. An expert can make a promise to a consumer first, whereupon the consumer can express her trust by paying an interaction price before the expert's provision and charging decisions. We argue that the expert's...
Persistent link: https://www.econbiz.de/10008599219
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The roots of cooperation
Bašić, Zvonimir; Bindra, Parampreet Christopher; … - 2021
prevalent at a very young age. However, direct and indirect reciprocity treatments do not increase overall cooperation rates, as …Understanding the roots of human cooperation among strangers is of great importance for solving pressing social … dilemmas and maintening public goods in human societies. We study the development of cooperation in 929 young children, aged 3 …
Persistent link: https://www.econbiz.de/10012550258
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The roots of cooperation
Bašić, Zvonimir; Bindra, Parampreet Christopher; … - 2021
reciprocity, and third-party punishment – emerges earliest as a means to increase cooperation in a repeated prisoner's dilemma … reciprocate others' behavior, yet direct and indirect reciprocity do not increase overall cooperation rates. We also examine the …We study the development of cooperation in 929 young children, aged 3 to 6. In a unified experimental framework, we …
Persistent link: https://www.econbiz.de/10012668493
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The roots of cooperation
Bašić, Zvonimir; Bindra, Parampreet Christopher; … - 2021 - This version: 10 June 2021
prevalent at a very young age. However, direct and indirect reciprocity treatments do not increase overall cooperation rates, as …Understanding the roots of human cooperation among strangers is of great importance for solving pressing social … dilemmas and maintening public goods in human societies. We study the development of cooperation in 929 young children, aged 3 …
Persistent link: https://www.econbiz.de/10012547006
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Is more information always better? Experimental financial markets with asymmetric information
Huber, Jürgen; Kirchler, Michael; Sutter, Matthias - Universität <Innsbruck> / Sozial- und …; … - 2004
We study the value of information in financial markets by asking whether having more information always leads to higher returns. We address this question in an experiment where single traders have different information levels about an asset’s intrinsic value. In our treatments we vary the...
Persistent link: https://www.econbiz.de/10005866871
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Reputation vs Selection Effects in Markets With Informational Asymmetries
Alysandratos, Theodore; Georganas, Sotiris; Sutter, Matthias - 2022
In markets with asymmetric information between sellers and buyers, feedback mechanisms are important to increase market efficiency and reduce the informational disadvantage of buyers. Feedback mechanisms might work because of self-selection of more trustworthy sellers into markets with such...
Persistent link: https://www.econbiz.de/10013470446