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We perform an experimental investigation using a dictator game in which individuals must make a moral decision - to give or not to give an amount of money to poor people in the Third World. A questionnaire in which the subjects are asked about the reasons for their decision shows that, at least...
Persistent link: https://www.econbiz.de/10014223441
Previous research on public-good games revealed greater contributions by fast decision-makers than by slow decision-makers. Interpreting greater contributions as generosity, this has been seen as evidence of generosity being intuitive. We caution that fast decisions are more prone to error, and...
Persistent link: https://www.econbiz.de/10012925616
Response times are a simple low-cost indicator of the process of reasoning in strategic games. In this paper, we leverage the dynamic nature of response-time data from repeated strategic interactions to measure the strategic complexity of a situation by how long people think on average when they...
Persistent link: https://www.econbiz.de/10013191643
Response times are a simple low-cost indicator of the process of reasoning in strategic games (Rubinstein, 2007; Rubinstein, 2016). We leverage the dynamic nature of response-time data from repeated strategic interactions to measure the strategic complexity of a situation by how long people think on...
Persistent link: https://www.econbiz.de/10011607565
We study how response time in a laboratory experiment on bank runs affects withdrawal decisions. In our setup, the bank …
Persistent link: https://www.econbiz.de/10012011103
This paper studies the effects of two different frames on decisions in a dictator game. Before making their allocation decision, dictators read a short text. Depending on the treatment, the text either emphasizes their decision power and freedom of choice or it stresses their responsibility for...
Persistent link: https://www.econbiz.de/10011849527
Persistent link: https://www.econbiz.de/10003887190
We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games … only 40% for individuals. -- Strategic sophistication ; beliefs ; experiment ; team decision making ; individual decision …
Persistent link: https://www.econbiz.de/10003938152
Economists have been theorizing that other-regarding preferences influence decision making. Yet, what are the corresponding psychological mechanisms that inform these preferences in laboratory games? Empathy and Theory of Mind (ToM) are dispositions considered to be essential in social...
Persistent link: https://www.econbiz.de/10003980496
math grades are more strategic. -- Strategic thinking ; beliefs ; experiment ; age ; adolescents …
Persistent link: https://www.econbiz.de/10003987136