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This paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is uncertain than when it is certain. Our design includes three treatments: Baseline in which the one-shot prisoner’s dilemma game is played; Certain Punishment in which the...
Persistent link: https://www.econbiz.de/10011422197
This paper experimentally investigates whether risk-averseindividuals punish less if the outcome of punishment is uncertain thanwhen it is certain. Our design includes three treatments: Baseline inwhich the one-shot prisoner’s dilemma game is played; CertainPunishment in which the prisoner’s...
Persistent link: https://www.econbiz.de/10005868379
This paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is uncertain than when it is certain. Our design includes three treatments: Baseline in which the one-shot prisoner’s dilemma game is played; Certain Punishment in which the...
Persistent link: https://www.econbiz.de/10003863017
Persistent link: https://www.econbiz.de/10003871126
We conduct a prisoner’s dilemma experiment with a punishment/reward stage, where punishments and rewards are risky. This is compared with a risk free treatment. We find that subjects do not change their behavior in the face of risky outcomes. Additionally, we measure risk attitude and the...
Persistent link: https://www.econbiz.de/10003592877
This paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is uncertain than when it is certain. We compare subjects' behavior in two treatments: Certain Punishment in which the prisoner's dilemma game is followed by a punishment stage...
Persistent link: https://www.econbiz.de/10012707107
Does a mere availability of punishment increase cooperation in a one-shot prisoner’s dilemma game? In our experiment we observe that the subjects almost never use punishment. Consistently, the data shows no increase in the cooperation rate as the subjects correctly anticipated that they would...
Persistent link: https://www.econbiz.de/10014196943