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We show that once interfamily exchanges are considered, Becker's rotten kids mechanism has some remarkable implications that have gone hitherto unnoticed. Specifically, we establish that Cornes and Silva's (1999) result of efficiency in the contribution game amongst siblings extends to a setting...
Persistent link: https://www.econbiz.de/10010252137
We show that once interfamily exchanges are considered, Becker's rotten kids mechanism has some remarkable implications that have gone hitherto unnoticed. Specifically, we establish that Cornes and Silva's (1999) result of efficiency in the contribution game amongst siblings extends to a setting...
Persistent link: https://www.econbiz.de/10010252667
We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …
Persistent link: https://www.econbiz.de/10010364769
-savings problem with exogenous income risk. This gives rise to altruistic transfers and strategic behavior in the consumption … poorer agent also faces incentives to engage in excessive risk-taking because losses from a gamble are absorbed by both while …
Persistent link: https://www.econbiz.de/10011757337
experiments. Contrary to the traditional view of expected utility theory, the choices can be explained in large part by previous … outcomes experienced during the game. Risk aversion decreases after earlier expectations have been shattered by unfavorable … outcomes or surpassed by favorable outcomes. Our results point to reference-dependent choice theories such as prospect theory …
Persistent link: https://www.econbiz.de/10011348343
We test the proposition that individuals may experience a self-control conflict between short-term temptation to be selfish and better judgment to act pro-socially. Using a dictator game and a public goods game, we manipulated the likelihood that individuals identified self-control conflict, and...
Persistent link: https://www.econbiz.de/10008699659
Persistent link: https://www.econbiz.de/10014637195
central in informing behavior in one-shot games. -- Altruism ; Inequality, Empathy ; Theory of Mind ; Behavioral Economics … corresponding psychological mechanisms that inform these preferences in laboratory games? Empathy and Theory of Mind (ToM) are …
Persistent link: https://www.econbiz.de/10003980496
between the two protocols but rejects full rationality as a satisfactory explanatory theory. Our findings indicate that …
Persistent link: https://www.econbiz.de/10012901701
We use a range of dictator game experiments to investigate whether people avoid information altruistically. After learning about a product with positive externalities, a consumer may avoid learning the cost of the product so that she does not hesitate to act altruistically. We find that although...
Persistent link: https://www.econbiz.de/10011980324