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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...
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. Empirical evidence, however, is sparse. Using data from an experiment with 359 law and business administration students, we … behave reciprocally, but the degree of reciprocity is higher for lawyers. Surprisingly, it is not university education that …
Persistent link: https://www.econbiz.de/10011299882
We test 494 households participating in the German Socio Economic Panel SOEP to examine risk taking by one household member that affects a second household member. Choices cannot be explained by (short term) strategic behavior. Respect for the risk preference of the counterpart is at best...
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Agents with reciprocal preferences prefer to be matched to a partner who also likes to collaborate with them. In this paper, we introduce and formalize reciprocal preferences, apply them to matching markets, and analyze the implications for mechanism design. Formally, the preferences of an agent...
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This paper studies the evolution of both characteristics of reciprocity - the willingness to reward friendly behavior …
Persistent link: https://www.econbiz.de/10010440934
In this study, we estimate unadjusted and adjusted gender gap in time preference, risk attitudes, altruism, trust, trustworthiness, cooperation and competitiveness using data on 1088 high-school students from 53 classes. These data, collected by running incentivized experiments in Hungarian...
Persistent link: https://www.econbiz.de/10012440271