Kawagoe, Toshiji; Narita, Yusuke - In: Journal of Economic Behavior & Organization 102 (2014) C, pp. 1-9
In this paper, we experimentally investigate the guilt aversion hypothesis by using a trust game with pre-play communication. For this purpose, we first develop a new version of guilt aversion called personal guilt aversion. It is shown that the new version is consistent with extant experimental...