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emotions to belief-dependant models in economics. We find that - in addition to the positive effect of second-order beliefs and …
Persistent link: https://www.econbiz.de/10010281628
beliefs and actions into the utility function. We test the robustness of two types of intentions-based models (guilt aversion … and reciprocity). In addition to incentivised elicitation of first- and second-order action beliefs, we assess … intentions-based models. Both second-order beliefs and the weighting factor that depends on a participant's sensitivity to guilt …
Persistent link: https://www.econbiz.de/10010281670
Christmas is when people are expected to act selflessly for the well-being of others, but are people actually more altruistic at this time of the year? Responding to this question poses a challenge because of the confounding factors of charitable tax breaks, reciprocity motives, direct social...
Persistent link: https://www.econbiz.de/10011917035
Consider a situation where person A undertakes acostly action that benefits person B. This behavior seems altruistic. However, if A expects a reward in return from B, then A's action may be motivated by expected rewards rather than by pure altruism. The question we address in this experimental...
Persistent link: https://www.econbiz.de/10010334022
also alters prosocial preferences and beliefs about others’ behavior. Groups play two identical public good games. We vary … also find that institutions of either type enhance prosocial preferences and beliefs about others’ prosocial behavior, even …
Persistent link: https://www.econbiz.de/10011698671
also alters prosocial preferences and beliefs about others' behavior. Groups play two identical public good games. We vary … also find that institutions of either type enhance prosocial preferences and beliefs about others' prosocial behavior, even …
Persistent link: https://www.econbiz.de/10011744493
Substantial evidence suggests the behavioral relevance of social preferences and also the importance of social influence effects ("peer effects"). Yet, little is known about how peer effects and social preferences are related. In a three-person gift-exchange experiment we find causal evidence...
Persistent link: https://www.econbiz.de/10010392415
We introduce intention-based social preferences into a Bayesian mechanism design framework. We first show that, under common knowledge of social preferences, any tension between material efficiency, incentive compatibility, and voluntary participation can be resolved. Hence, famous impossibility...
Persistent link: https://www.econbiz.de/10010316927
Recent research has cast some doubt on the general validity of outcome-based models of social preferences. We develop a model based on cognitive dissonance that focuses on the importance of self-image. An experiment (a dictator game variant) tests the model. First, we find that subjects whose...
Persistent link: https://www.econbiz.de/10010281679
We use experiments to test comparative statics predictions of canonical tournament theory. Both the roles of principal and agent are populated by human subjects, allowing us to test predictions for both incentive responses and optimal tournament design. Consistent with theory, we observed an...
Persistent link: https://www.econbiz.de/10010282234