Dürsch, Peter; Servátka, Maroš - Alfred-Weber-Institut für Sozial- und … - 2009
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...