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Evidence for positive reciprocity, where subjects give more than dictators with the same endowment, has always been rare. We investigate the significant positive reciprocity in a prior experiment which broke a trust game into a 2-stage dictator game. There, the 2nd dictator knew that the 1st...
Persistent link: https://www.econbiz.de/10014174594
In contrast to guilt based reciprocity, which hypothesizes that reciprocity is an increasing function of the 2nd order expectation of the trustors’ 1st order expectations for reciprocation, we tested for reciprocity that is a decreasing function of the trustees’ 2nd order expectations, i.e.,...
Persistent link: https://www.econbiz.de/10014176603
The mixed strategy Nash equilibrium (MNE) is a well-established concept in theory, but empirical and experimental support has been hampered by the need for a large sample size for across-subject choices and serial correlation for within-subject choices. We overcome these difficulties in testing...
Persistent link: https://www.econbiz.de/10013251100
A controversy has been simmering in law for at least 30 years about whether pro bono work should be mandatory for lawyers, who now donate 1-3% of their time to the poor. This has centered on the unmet legal needs of the poor, the duty of lawyers, and the contrast with US doctors, who are...
Persistent link: https://www.econbiz.de/10010383298
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We extend previous theoretical work on n-players complete information all-pay auction to incorporate heterogeneous risk and loss averse utility functions. We provide sufficient and necessary conditions for the existence of equilibria with a given set of active players with any strictly...
Persistent link: https://www.econbiz.de/10012935967
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We study how group identity, based on university affiliation, impacts competitive behavior. Our experiment employs a simple all-pay auction within and between two university subject pools. Students within the lower-tier university bid more aggressively against each other than students within the...
Persistent link: https://www.econbiz.de/10014133112