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The Economics of Fairness, Reciprocity and Altruism – Experimental Evidence and New Theories
Fehr, Ernst; Schmidt, Klaus M. - Volkswirtschaftliche Fakultät, … - 2005
Chapter written for the Handbook of Reciprocity, Gift-Giving and Altruism …
Persistent link: https://www.econbiz.de/10005785902
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The Economics of Fairness, Reciprocity and Altruism – Experimental Evidence and New Theories
Fehr, Ernst; Schmidt, Klaus M. - Volkswirtschaftliche Fakultät, … - 2005
This paper surveys recent experimental and field evidence on the impact of concerns for fairness, reciprocity and …
Persistent link: https://www.econbiz.de/10005649793
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Cooperation in and out of the lab: a comment on Binmore’s paper
Guala, Francesco - In: Mind and Society: Cognitive Studies in Economics and … 9 (2010) 2, pp. 159-169
The disagreement between Binmore and the “behaviouralists” concerns mainly the kind of reciprocity mechanisms that … sustain cooperation in and out of the experimental laboratory. Although Binmore’s scepticism concerning Strong Reciprocity is … justified, his case for Weak Reciprocity and the long-run convergence to Nash equilibria is unsupported by laboratory evidence …
Persistent link: https://www.econbiz.de/10008775968
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Theories of Fairness and Reciprocity - Evidence and Economic Applications
Fehr, Ernst; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2001
reciprocity. Moreover, several theoretical Papers have been written showing that the observed phenomena can be explained in a …
Persistent link: https://www.econbiz.de/10005656392
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The Behavioural Economics of Climate Change
Brekke, Kjell Arne; Johansson-Stenman, Olof - Nationalekonomiska institutionen, Handelshögskolan - 2008
This paper attempts to bring some central insights from behavioural economics into the economics of climate change. In particular, it discusses (i) implications of prospect theory, the equity premium puzzle and time inconsistent preferences in the choice of discount rate used in climate change...
Persistent link: https://www.econbiz.de/10005651635
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Split or Steal? Cooperative Behavior When the Stakes Are Large
Assem, Martijn J. van den; Dolder, Dennie van; Thaler, … - In: Management Science 58 (2012) 1, pp. 2-20
We examine cooperative behavior when large sums of money are at stake, using data from the television game show <i>Golden Balls</i>. At the end of each episode, contestants play a variant on the classic prisoner's dilemma for large and widely ranging stakes averaging over $20,000. Cooperation is...
Persistent link: https://www.econbiz.de/10010990533
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You Owe Me
Malmendier, Ulrike M.; Schmidt, Klaus - CESifo - 2012
In many cultures and industries gifts are given in order to influence the recipient, often at the expense of a third party. Examples include business gifts of firms and lobbyists. In a series of experiments, we show that, even without incentive or informational effects, small gifts strongly...
Persistent link: https://www.econbiz.de/10010877662
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Models of Caring, or Acting as if One Cared, About the Welfare of Others
Rotemberg, Julio J. - In: Annual Review of Economics 6 (2014) 1, pp. 129-154
effect on utility. The third class of models includes those of reciprocity in which people’s altruism depends on whether …
Persistent link: https://www.econbiz.de/10010886208
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Social preferences? Google Answers!
Regner, Tobias - In: Games and Economic Behavior 85 (2014) C, pp. 188-209
We analyse pricing, effort and tipping decisions at the online service ‘Google Answers’. Users set a price for the answer to their question ex ante, and they can additionally tip the researcher who provided the answer ex post.
Persistent link: https://www.econbiz.de/10010906698
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You Owe Me
Malmendier, Ulrike; Schmidt, Klaus M. - Volkswirtschaftliche Fakultät, … - 2012
In many cultures and industries gifts are given in order to influence the recipient, often at the expense of a third party. Examples include business gifts of firms and lobbyists. In a series of experiments, we show that, even without incentive or informational effects, small gifts strongly...
Persistent link: https://www.econbiz.de/10011210883