Trust is a concept that has attracted significant attention in economic theory and research within the last two decades: it has been applied in a number of contexts and has been investigated both as an explanatory and as a dependent variable. In this paper, we explore the questions of what...

A correlation between second-order beliefs and strategies – in social dilemmas – has been interpreted as evidence of guilt aversion (Charness and Dufwenberg [2006]). Ellingsen et al. [2010] hypothesize that such correlation might rather be due to consensus effects. Here we propose an...

Engelmann and Strobel (AER 2004) claim that a combination of efficiency seeking and minmax preferences dominates inequity aversion in simple dictator games. This result relies on a strong subject pool effect. The participants of their experiments were undergraduate students of economics and...

Engelmann and Strobel (AER 2004) question the relevance of inequity aversion in simple dictator game experiments claiming that a combination of a preference for efficiency and a Rawlsian motive for helping the least well-off is more important than inequity aversion. We show that these results...

Research in social psychology has shown individual variation in the tendency to compare one’s own opinions and abilities with those of other people, raising the question of whether social comparisons are psychological dispositions. To test the empirical validity of this proposition, Gibbons...