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Social dilemmas are among the most puzzling issues in the biological and social sciences. Extensive theoretical efforts have been made in various realms such as economics, biology, mathematics, and even physics to figure out solution mechanisms to the dilemma in recent decades. Although...
Persistent link: https://www.econbiz.de/10012227756
The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower surplus. Bidders with spiteful preferences...
Persistent link: https://www.econbiz.de/10010369395
This paper examines the idea that adherence to social rules is in part driven by moral emotions and the ability to … recognize the emotions of others. Moral emotions like shame and guilt produce negative feelings when social rules are … transgressed. The ability to recognize and understand the emotions of others is known as affective theory of mind (ToM). ToM is …
Persistent link: https://www.econbiz.de/10013200034
This paper uses the framework of stochastic games to propose a model of emotions in repeated interactions. An emotional … player has a positive (negative) concern for other players' material payoffs. This paper shows how emotions can both … infinitely repeated games with two emotional players less patience is required to sustain cooperation. However, emotions can also …
Persistent link: https://www.econbiz.de/10013200043
This study uses data from the Panel Study of Income Dynamics to examine whether self-regulation, proxied by regularly dining together with family, is associated with better financial preparedness and greater wealth accumulation across time among households. Findings reveal that individuals who...
Persistent link: https://www.econbiz.de/10011440349
the principal when deciding on a reciprocating action. We employ a controlled experiment to investigate how intentions and …
Persistent link: https://www.econbiz.de/10013270323
können und wo von deren Nutzung abgesehen werden sollte. In einem Online durchgeführten Experiment habenwir soziales Feedback … Arbeitsproduktivität motiviert. In dem Experiment mussten Versuchspersonen die Rolle einer Lehrerin oder eines Lehrers einnehmen und … online experiment. It is assumed, that social feedback can motivate subjects to be more productive. In the experiment …
Persistent link: https://www.econbiz.de/10012120513
work in the anthropology of ethics shows that economic behavior is not reducible to either individual psychology or …
Persistent link: https://www.econbiz.de/10012140514
In Fairness versus Welfare (2003), Louis Kaplow and Steven Shavell provide a manifesto for normative law and economics. Therein, they spell out the foundations for contemporary law and economics based on a Paretian consequentialist welfarism and a preferentialist account of welfare. We argue in...
Persistent link: https://www.econbiz.de/10014523522
In this article I argue that the study of contextual issues in economics has been limited in its scope because economists have mostly conceived of the environment as a constraint on individual action. I identify and discuss three conventions that pull economists into such conceptualization of...
Persistent link: https://www.econbiz.de/10014523894