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position vis-á-vis others. Taking a bet can improve oneś position relative to others or threaten it. We present an experiment …
Persistent link: https://www.econbiz.de/10009784058
We study a two-stage choice problem, where alternatives are allocations between the decision maker (DM) and a passive recipient. The recipient observes choice behavior in stage two, while stage one choice is unobserved. Choosing selfishly in stage two, in the face of a fairer available...
Persistent link: https://www.econbiz.de/10014213898
We study a decision maker (DM) who has preferences over sets of payoff-allocations between herself and a passive recipient, which represent second-stage choice problems. The recipient is only aware of second-stage choice of an allocation. Not choosing the normatively best allocation in the...
Persistent link: https://www.econbiz.de/10014189519
Persistent link: https://www.econbiz.de/10012798035
In the real world many social and economic decisions have to be made with imperfect information and uncertainty. In the past two decades, economists and mathematicians have devoted a great deal of time and effort into the study of ambiguity and much progress has been made in modeling ambiguity....
Persistent link: https://www.econbiz.de/10013118032
about its drivers at the individual level. We conducted an experiment on a sample of more than 1800 first-year undergraduate …
Persistent link: https://www.econbiz.de/10012697782
Engelmann and Strobel (AER 2004) question the relevance of inequity aversion in simple dictator game experiments claiming that a combination of a preference for efficiency and a Rawlsian motive for helping the least well-off is more important than inequity aversion. We show that these results...
Persistent link: https://www.econbiz.de/10010440438
justice", a theory of norm compliance unfortunately overlooked by economists and which should be reconsidered after the …
Persistent link: https://www.econbiz.de/10014216410
An important element for the public support of policies is their perceived justice. At the same time most policy … choices have uncertain outcomes. We report the results of a first experiment investigating just allocations of resources when … their own risk preferences. The observed allocations are consistent with four different views of justice under uncertainty. …
Persistent link: https://www.econbiz.de/10009766681
In this study, we present a behavioral definition of betrayal aversion with sources of uncertainty and develop a framework for various trust games, including context dependence, communication, and pressure. In our framework, attitudes toward betrayal aversion depend on the perception of...
Persistent link: https://www.econbiz.de/10013313176