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Persistent link: https://www.econbiz.de/10012285771
In this paper we provide evidence that trust and reciprocity, the two key elements of social capital, are affected by … trusting and reciprocal behaviour and we show significant cross-country differences between the levels of trust and reciprocity … trusting or reciprocal behaviour, while gender does not affect any of them. We report that reciprocity is affected by the same …
Persistent link: https://www.econbiz.de/10009351200
trust and reciprocity in a population where agents play both roles (trustor and trustee). Our experiment consists on three … a direct reputation for both roles. We find that trustees’ direct reputation has a positive effect on reciprocity, but … reputation in both roles. We show that the increase in trust is mainly linked to the formation of mutual trust–reciprocity …
Persistent link: https://www.econbiz.de/10010577290
Several heuristics have been developed by economists and psychologists in order to explain economic behaviour on financial markets. They stress the cognitive bias that affect individual judgments and that partially could explain anomalies observed on financial markets. The aim of our experiment...
Persistent link: https://www.econbiz.de/10005002376
This experiment investigates decisions made by prospective economists and physicians in an allocation problem which can be framed either medically or neutrally. The potential recipients differ with respect to their minimum needs as well as to how much they benefit from a treatment. We classify...
Persistent link: https://www.econbiz.de/10009531668
psychological game-theoretic framework we derive two mutually compatible hypotheses about guilt aversion and reciprocity under which …
Persistent link: https://www.econbiz.de/10011049777
Industrial organization is mainly concerned with the behavior of large firms, especially when it comes to oligopoly theory. Experimental industrial organization, therefore, faces a problem: How can firms be brought into the laboratory? The main approach relies on framing: Call individuals...
Persistent link: https://www.econbiz.de/10010312013
This experiment investigates decisions made by prospective economists and physicians in an allocation problem which can be framed either medically or neutrally. The potential recipients differ with respect to their minimum needs as well as to how much they benefit from a treatment. We classify...
Persistent link: https://www.econbiz.de/10010317169
Industrial organization is mainly concerned with the behavior of large firms, especially when it comes to oligopoly theory. Experimental industrial organization, therefore, faces a problem: How can firms be brought into the laboratory? The main approach relies on framing: Call individuals...
Persistent link: https://www.econbiz.de/10010954757
We find that differences in the ability to devote cognitive resources to a strategic interaction imply differences in strategic behavior. In our experiment, we manipulated the availability of cognitive resources by applying a differential cognitive load. In cognitive load experiments, subjects...
Persistent link: https://www.econbiz.de/10011261625