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Descriptive norms provide social information on others' typical behaviors and have been shown to lead to prescriptive outcomes by “nudging” individuals towards norm compliance in numerous settings. This paper examines whether descriptive norms lead to prescriptive outcomes in the gender...
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Experiments are used to examine the effects of social comparisons in ultimatum bargaining. We inform responders about the average offer before they decide whether to accept or reject their specific offer. This significantly increases offers and offer-specific rejection probabilities. For...
Persistent link: https://www.econbiz.de/10014068439
This paper experimentally examines the effect of social comparisons in ultimatum bargaining. While previous experiments and the theoretical models on fairness focus on the two bargaining counterparts, we address a new reference group - others in like circumstances. We inform responders on how...
Persistent link: https://www.econbiz.de/10014107877