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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 … experiment shows that average behaviour is more competitive and conflict rates are higher when subjects play against the same …
Persistent link: https://www.econbiz.de/10005408237
We present a three-player game in which a proposer makes a suggestion on how to split $10 with a passive responder. The oer is accepted or rejected depending on the strategy prole of a neutral third-party whose payos are independent from his decisions. If the oer is accepted the split takes...
Persistent link: https://www.econbiz.de/10010937254
neglect of both fairness concerns and decision errors prevents a satisfactory understanding of how competition affects prices … explain these changes satisfactorily. In contrast, a model that combines heterogeneous fairness concerns with decision errors …
Persistent link: https://www.econbiz.de/10005463516
Evolutionary explanations of anger as a commitment device hinge on two key assumptions. The first is that it is …
Persistent link: https://www.econbiz.de/10011160760
) centipede experiment and find that the AQRE model can account for behavior that had previously been explained in terms of …
Persistent link: https://www.econbiz.de/10005711729
This paper makes two points. First, the modeling used in the rational (or Bayesian) learning literature can be generalized to handle the repeated shocks to preferences inherent and implicit in models of quantal response equilibria (QRE). In particular, we note that the Bayesian model and the QRE...
Persistent link: https://www.econbiz.de/10005611707
encourage shirking. In contrast, ownpayoff effects suggest that both fines and bonuses discourage shirking. In an experiment we …
Persistent link: https://www.econbiz.de/10010545647
This paper presents a participation game experiment to study the impact of uncertainty and costly political …
Persistent link: https://www.econbiz.de/10005063656
encourage shirking. In contrast, ownpayoff effects suggest that both fines and bonuses discourage shirking. In an experiment we …
Persistent link: https://www.econbiz.de/10008788678
procedural fairness effects of voice. Our results show strong effects through the value expressive and expectation channel, but … not through either the knowledge channel or procedural fairness. In our view, voice is powerful because people like to …
Persistent link: https://www.econbiz.de/10010988997