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We test an implication that is common to all prominent theories of outcome-based other-regarding preferences: the ordinal preference ranking of an agent over a finite number of alternatives lying on any straight line in the space of material payoffs to oneself and some other agent must be...
Persistent link: https://www.econbiz.de/10012895003
We assess the empirical validity of the overall theoretical framework of other-regarding preferences by focusing on those preference axioms that are common to all the prominent theories of outcome-based other-regarding preferences. This common set of preference axioms leads to a testable...
Persistent link: https://www.econbiz.de/10009306937
Departures from self-interest in economic experiments have recently inspired models of ?social preferences?. We design a range of simple experimental games that test these theories more directly than existing experiments. Our experiments show that subjects are more concerned with increasing...
Persistent link: https://www.econbiz.de/10014159132
? To answer this question, we conducted a two-stage 2x2 experiment. In the first stage, we used a Deception Game to measure …
Persistent link: https://www.econbiz.de/10014135119
centralized networks. All predictions are confirmed in an experiment. …
Persistent link: https://www.econbiz.de/10013341638
We develop a model of social preferences for network games and study its predictions in a local public goods game with multiple equilibria. The key feature of our model is that players' social preferences are heterogeneous. This gives room for disagreement between players about the “right”...
Persistent link: https://www.econbiz.de/10012851631
Participants in experimental games typically can only choose actions, without making comments about other participants' future actions. In sequential two-person games, we allow first movers to express a preference between responder choices. We find that responder behavior differs substantially...
Persistent link: https://www.econbiz.de/10014093709
other commonly studied situations that allow for (dis)honesty. The measure enables the classification of individual …
Persistent link: https://www.econbiz.de/10015144332
In bargaining theory a usual assumption is either that of von Neumann-Morgenstern utility functions or that of … continuous preferences. Recently we considered in Glycopantis a bargaining model which breaks away from this traditional … treatment by employing lexicographic preferences of a antagonistic type. In the present note we consider a bargaining model with …
Persistent link: https://www.econbiz.de/10012861824
How do people trade off efficiency against equality concerns? To study this question, we conducted a modified mini ultimatum game (N=120) in which proposers were asked to choose between offering 8:2 and y:y, y∈{5, 4.5, 4,.., 0.5}; all offers in Euro. According to the data, 58 of 60 proposers...
Persistent link: https://www.econbiz.de/10013084331