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classroom experiment that serves as an empiricial test of Adam Smith's invisible- hand hypothesis. It demonstrates that … competition acts as a discovery procedure. The experiment is of high didactical value, since the students gain insights into …
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This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
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The present book adds to the broad field of investigations concerning what affects and determines human cooperation. It provides new insights into internal and external factors that influence such decisions. Rather than presenting a closed and universal examination, this book should be seen as...
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choices from a laboratory experiment. The equilibrium predicts that the large battlefield receives more than a proportional …
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