We study ultimatum and dictator experiments where the first moverchooses the amount of money to be distributed between the playerswithin a given interval, knowing that her own share is fixed. Thus, thefirst mover is faced with scarcity, but not with the typical trade-off betweenher own and the...

By using a choice experiment, this paper focuses on citizens’ preferences for effort-sharingrules of how carbon abatement should be shared among countries. We find that Swedes do notrank the rule favoring their own country highest. Instead, they prefer the rule where allcountries are allowed...

Preference for control affects investment behavior. Participants of laboratory experiments invest different amount of money in a risky asset when face with two different methods of control which have identical payoff structure and probability distribution, but provide different sense of control....

How does a choice experiment (CE) model derived under standard preference axioms perform for respondents with incomplete preferences?[...]

In this paper, we reexamine Eliaz's results (2002) of fault tolerantimplementation on one hand and we extend theorems 1 and 2 of Doghmi and Ziad (2008a) to bounded rationality environments, on the other. We identify weak versions of thek-no veto power condition, in conjunction with unanimity and...

Most research in economics models agents somehow motivated by out-comes. Here, we model agents motivated by procedures instead, whereprocedures are dened independently of an outcome. To that end, wedesign procedures which yield the same expected outcomes or carry thesame information on other's...

A common feature of the literature on the evolution of preferencesis that evolution favors nonmaterialistic preferences only if preferencetypes are observable at least to some degree. We argue that this resultis due to the assumption that in each state of the evolutionary dynam-ics some Bayesian...

Actual behaviour is inuenced in important ways by moral emotions,for instance guilt or shame (see among others Tangney et al., 2007). Belief-dependant models of social preferences using the framework of psycho-logical games aim to consider such emotions to explain other-regardingbehaviour. Our...

Recent research has cast some doubt on the general validity of outcome-basedmodels of social preferences. We develop a model based on cognitive dissonance thatfocuses on the importance of self-image. An experiment (a dictator game variant)tests the model.First, we nd that subjects whose choices...

Completeness, the most commonly assumed axiom in preference theory,has not received much attention from the experimental literature. Indeed,incomplete preferences model a cognitive phenomenon (an agent's inabilityto compare alternatives), and therefore cannot be directly revealed throughchoice...