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Social preferences have been shown to be an important determinant of economic decision making for many adults. We present a large-scale experiment with 883 children and adolescents, aged eight to seventeen years. Participants make decisions in eight simple, one-shot allocation tasks, allowing us...
Persistent link: https://www.econbiz.de/10003978546
Social preferences have been shown to be an important determinant of economic decision making for many adults. We present a large-scale experiment with 883 children and adolescents, aged eight to seventeen years. Participants make decisions in eight simple, one-shot allocation tasks, allowing us...
Persistent link: https://www.econbiz.de/10009736607
Social preferences have been shown to be an important determinant of economic decision making for many adults. We present a large-scale experiment with 883 children and adolescents, aged eight to seventeen years. Participants make decisions in eight simple, one-shot allocation tasks, allowing us...
Persistent link: https://www.econbiz.de/10013141434
The opportunity to voice one's opinion about a decision is a fundamental aspect of procedural fairness and applies to a …
Persistent link: https://www.econbiz.de/10009771811
negatively to redistribution decisions that do not fit any fairness ideals. Our results suggest that even in the realm of moral … decisions are mainly driven by own material interests and fairness ideals. For the latter, players display remarkable …
Persistent link: https://www.econbiz.de/10014495065
This study attempts to combine two traditional fields in microeconomics: individual decision making under risk and decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment in which participants make a series of choices between...
Persistent link: https://www.econbiz.de/10011379362
We study experimentally whether and to what extent impartial decision makers are influenced by stakeholders’ fairness … opinions in an allocation decision. The setting allows for different focal fairness rules to be considered. We compare … the driving force behind this result: impartial decision makers deviate from their initial fairness judgment and follow …
Persistent link: https://www.econbiz.de/10014147415
This paper uses laboratory mechanism design in an investment environment to examine the impact of empowering investors with the right to veto the investee's profit distribution decision on the level of trust and trustworthiness. One of the key findings is that the empowerment of investors...
Persistent link: https://www.econbiz.de/10013146974
Recent studies suggest that cooperative decision-making in one-shot interactions is a history-dependent dynamic process: promoting intuition versus deliberation has typically a positive effect on cooperation (dynamism) among people living in a cooperative setting and with no previous experience...
Persistent link: https://www.econbiz.de/10013028985
In this paper we propose a version of a game-theoretic problem known as the Newcomb's Paradox. The version offers possibilities for an experimental investigation. Such experiments would make use of future generation of 'lie detectors' based directly on human brain activity, like fMRI and EEG. We...
Persistent link: https://www.econbiz.de/10012731534