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Abstract: We report results from three well-known experimental paradigms, where we use time, rather than money, as the … choices affect the time at which they are permitted to leave the laboratory, with decisions typically associated with greater … split of the waiting time. In the trust game, there is substantial trust and reciprocity. Overall, social preferences are …
Persistent link: https://www.econbiz.de/10011090374
which the proposer's decision variable is the offer deadline, while the responder faces a standard finite-horizon search … problem. We show that the responder's strategy is characterized by a shortest acceptable deadline: at the time of deadline, he …
Persistent link: https://www.econbiz.de/10009191958
Experimental behavioral scientists have found consistent deviations from the predictions of the canonical model of self-interest in over a hundred experiments from around the world. Prior research cannot determine whether this uniformity results from universal patterns of behavior, or from the...
Persistent link: https://www.econbiz.de/10005790831
Utilizing the well-known Ultimatum Game, this note presents the following phenomenon. If we start with simple stimulus-response agents, learning through naive reinforcement, and then grant them some introspective capabilities, we get outcomes that are not closer but farther away from the fully...
Persistent link: https://www.econbiz.de/10005827502
The results of Ultimatum Game experiments are often quoted as evidence for the role of fairness in bargaining or in economic behaviour more generally. This paper argues that the observed fairness levels are contingent on the traditional experimental design where players are newly matched each...
Persistent link: https://www.econbiz.de/10005408237
neglect the effect of time delays that are common in real-world interactions. This research investigates the effect of time … delays on reciprocity in the investment and ultimatum games. We manipulate the time delay after second movers have been … time delay in the ultimatum game. We find delays correlated to increased reported feelings of satisfaction and decreased …
Persistent link: https://www.econbiz.de/10010747598
Using a dynamic real options approach we show that managerial flexibility is strengthening the first-mover advantage in bargaining M&As by undermining the bargaining power of the second mover.
Persistent link: https://www.econbiz.de/10010574911
Using a dynamic real options approach we show that in a sequential bargaining framework managerial flexibility is strengthening the first-mover advantage by undermining the bargaining power of the second mover. Furthermore we compare the results of the sequential framework with the results of...
Persistent link: https://www.econbiz.de/10008914250
The shadow of “the tragedy of the commons” with its popularized assumption of selfish individual behavior concerns policy-makers, and consequently the cooperative capability of local communities in common resource management is usually underrated. Nevertheless, here we propose a hypothesis,...
Persistent link: https://www.econbiz.de/10011043743
Population Survey and the American Time Use Survey. We examine the cyclical behavior of aggregate job search effort using time …
Persistent link: https://www.econbiz.de/10010890133