In an experimental study, we compare individual willingness to cooperate in a public good game after an initial team contest phase. While players in the treatment setup make a conscious decision on how much to invest in the contest, this decision is exogenously imposed on players in the control...

We use experimental methods to investigate whether pledges of commitment can improve cooperation in endogenously-formed partnerships facing a social dilemma. Treatments vary in terms of the individual's: (1) opportunity to commit to their partner; (2) the cost of dissolving committed...

Among the most important and robust violations of rationality are the attraction and the compromise effects. The compromise effect refers to the tendency of individuals to choose an intermediate option in a choice set, while the attraction effect refers to the tendency to choose an option that...

We study two-stage choice procedures in which the decision maker first preselects the alternatives whose values according to a criterion pass a menu-dependent threshold, and then maximizes a second criterion to narrow the selection further. This framework overlaps with several existing models...

Based on the assumption that social distance and time are dimensions of psychological distance important for altruistic choices it was predicted that enhancement of altruism due to delaying rewards when choosing between a reward for oneself and for another person would be more pronounced the...

The purpose of the study was to verify a hypothesis, inspired by the handicap principle, of a positive relationship between subjective value of a hypothetical monetary reward shared with others and the level of fluid intelligence. Manipulation involved the amount of reward to be shared (small...

The purpose of the present study was to test the prediction that when two rewards, a smaller but “socially closer” one and a larger but “socially more distant” one, are moved away from the subject by the same social distance, subjective value of the socially more distant reward will...

Interaction, the act of mutual influence, is an essential part of daily life and economic decisions. This paper presents an individual decision procedure for interacting individuals. According to our model, individuals seek influence from each other for those issues that they cannot solve on...

The purpose of this article is to analyze the relationship between the discipline of Behavioural Economics and the Neoclassical School. On the basis of the available literature, the paper aims to investigate if the two branches are totally opposite, or if the behavioural theories only extend and...

Besides the numerous effects that the financial crisis of 2007 has produced over the entire global economy, its onset has reopened fundamental discussions on the methodology of the economic science. One of the main controversies in the literature revolves around the nature of the neoclassical...