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Psychological game theory can provide a rational choice explanation of framing effects; frames influence beliefs, and beliefs influence motivations. We explain this point theoretically, and explore its empirical relevance experimentally. In a 2×2-factorial framing design of one-shot public good...
Persistent link: https://www.econbiz.de/10003385854
motivated by trust in positive reciprocity or fear of negative reciprocity, in addition to unconditional other …
Persistent link: https://www.econbiz.de/10012730360
, the ultimatum game and the trust game. All subjects in a session earn the same participation fee, but their choices affect … waiting time. In the trust game, there is substantial trust and reciprocity. Overall, social preferences are evident in time … allocation decisions. Received laboratory results from dictator, ultimatum, and trust games are robust to the change in reward …
Persistent link: https://www.econbiz.de/10014166253
We let subjects interact with anonymous partners in trust (investment) games with and without one of two kinds of pre …
Persistent link: https://www.econbiz.de/10014224260
How malleable are peopleś fairness ideals? Although fairness is an oft-invoked concept in allocation situations, it is still unclear whether and to what extent peopleś allocations reflect their fairness ideals. We investigate in a laboratory experiment whether peopleś fairness ideals vary...
Persistent link: https://www.econbiz.de/10011279775
The conflict between pro-self and pro-social behaviour is at the core of many key problems of our time, as, for example, the reduction of air pollution and the redistribution of scarce resources. For the well-being of our societies, it is thus crucial to find mechanisms to promote pro-social...
Persistent link: https://www.econbiz.de/10012900728
This paper investigates the importance of concerns about intentions and outcomes in a sequential prisoner’s dilemma game with nature. In the game, there is a chance that the first mover’s choice is reversed. This allows the separation of intended actions from the resulting outcomes....
Persistent link: https://www.econbiz.de/10014034763
Economic growth is propelled in part by the accumulation of different kinds of capital, including social capital in its several guises. This paper considers the interplay between financial crises and various aspects of social capital which, if it is allowed to depreciate, can undermine economic...
Persistent link: https://www.econbiz.de/10011288794
altruism, trust, trustworthiness, and cooperation. For non-social experiences, we find no effect on subsequent behavior in any …
Persistent link: https://www.econbiz.de/10012520860
We experimentally test the efficacy of indenture as a self-enforced contract device. In an indenture game, the principal signals the intention of payment-on-delivery, by tearing a banknote and giving the agent half of it as "prepayment"; the agent receives the completing half after delivering...
Persistent link: https://www.econbiz.de/10003793109