absence of group deliberation − affects the choice. The experiment utilizes the Interdependent Security Dilemma paradigm. In …

of fines on punishment and deterrence. Partial effects are effects on potential violators' and punishers' decisions when … punish, which in turn reduces the deterrence effect of high fines. Using a laboratory experiment, we identify these effects … hypotheses derived from the theory. …

problem is multilateral punishment, whereby groups of principals jointly punish cheating agents by giving them bad reputations …. But how does such punishment work when there is uncertainty regarding whether an agent actually cheated or was just the … to employ multilateral punishment. We find that a modest amount of uncertainty increases overall welfare because …

of fines on punishment and deterrence. Partial effects are effects on potential violators' and punishers' decisions when … punish, which in turn reduces the deterrence effect of high fines. Using a laboratory experiment, we identify these effects … hypotheses derived from the theory …

of fines on punishment and deterrence. Partial effects are effects on potential violators' and punishers' decisions when … punish, which in turn reduces the deterrence effect of high fines. Using a laboratory experiment, we identify these effects … hypotheses derived from the theory. …

implementation of profitable building projects. We present a novel laboratory experiment on the feasibility of TDR and simulate the … consumption projects. Overall, we find that TDR are reallocated as suggested by theory, although higher uncertainty has …

long horizons. We present an experiment comparing decision making under certainty, risk, and ambiguity, over a shorter …

estimation approach. The behavioral models used for structural estimation are based on expected utility theory (EUT), prospect … theory (PT) and model parameters. The superiority of the models is also examined. The results of the structural estimations … collective risk preferences, 4) the switching phenomena that occur during Holt and Laury's experiment with lottery pairs can be …

This paper presents the first laboratory study of risk-sharing without commitment. Our experiment captures the main … infinite horizon and suffer random income shocks. Risk-averse individuals have incentives to smooth consumption by making … for the shape of the constrained optimal risk-sharing arrangement. In our experiment, participants are matched in pairs …