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Co-evolution of preferences and information in simple games of trust

Güth, Werner; Kliemt, Hartmut; Peleg, Bezalel - 1998

In standard rational choice modelling decisions are made according to given information and preferences. In the model presented here the 'information technology' of individual decision makers as well as their preferences evolve in a dynamic process. In this process decisions are made rationally...

Persistent link: https://www.econbiz.de/10009578580

Incentive magnitude effects in experimental games : bigger is not necessarily better

Pulford, Briony D.; Colman, Andrew M.; Loomes, Graham - In: Games 9 (2018) 1/4, pp. 1-10

In experimental games, task-related incentives are payments to experimental subjects that vary according to their …-form games under task-related incentives of conventional magnitude and compared them with choices and reasons in the same games … under incentives five times as large. Both strategy choices and self-reported reasons for choices were almost …

Persistent link: https://www.econbiz.de/10011848336

What can the big five personality factors contributr to explain small-scale economic behavior?

Müller, Julia; Schwieren, Christiane - 2012

Persistent link: https://www.econbiz.de/10009722686

How social preferences shape incentives in (experimental) markets for credence goods

Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - 2015 - This Version: February 2015

Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus-maximizing quality. While standard theory predicts that equal mark-up prices solve the credence goods problem if customers can verify the quality received, experimental evidence...

Persistent link: https://www.econbiz.de/10010479932

The trust game behind the veil of ignorance : a note on gender differences

Výrašteková, Jana; Onderstal, Sander - 2010

We analyze gender differences in the trust game in a behind the veil of ignorance design. This method yields strategies that are consistent with actions observed in the classical trust game experiments. We observe that, on average, men and women do not differ in trust, and that women are...

Persistent link: https://www.econbiz.de/10011380925

Intention-based reciprocity and the hidden costs of control

Siemens, Ferdinand von - 2011

Empirical research suggests that - rather than improving incentives - exerting control can reduce workers' performance …

Persistent link: https://www.econbiz.de/10009272298

Intention-based reciprocity and the hidden costs of control

Siemens, Ferdinand von - 2011

Persistent link: https://www.econbiz.de/10010191088

Reciprocity under moral wiggle room : is it a preference or a constraint?

Regner, Tobias - 2016

We analyze reciprocal behavior when moral wiggle room exists. Dana et al. (2007) show that giving in a dictator game is only partly due to distributional preferences as the giving rate drops when situational excuses for selfish behavior are provided. Our binary trust game closely follows their...

Persistent link: https://www.econbiz.de/10011576929

Minimally acceptable altruism and the ultimatum game

Rotemberg, Julio (contributor) - 2006 - This version: May 23, 2006

I suppose that people react with anger when others show themselves not to be minimally altruistic. With heterogeneous agents, this can account for the experimental results of ultimatum and dictator games. Moreover, it can account for the surprisingly large fraction of individuals who offer an...

Persistent link: https://www.econbiz.de/10003347278

Mechanisms for efficient voting with private information about preferences

Engelmann, Dirk; Grimm, Veronika - 2008

We experimentally study behavior in a simple voting game where players have private information about their preferences. With random matching, subjects overwhelmingly follow the dominant strategy to exaggerate their preferences, which leads to inefficiency. We analyze an exogenous linking...

Persistent link: https://www.econbiz.de/10003894591

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