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, people may behave as if they would perform a non-strategic decision making task when in fact they are playing a proper game …
Persistent link: https://www.econbiz.de/10011993280
-eyes principle, a common practice in the finance industry, we investigate decision-making both individually and in pairs. We find …
Persistent link: https://www.econbiz.de/10014507161
We perform an experimental investigation using a dictator game in which individuals must make a moral decision - to … about the reasons for their decision shows that, at least in this case, moral motivations carry a heavy weight in the … decision: the majority of dictators give the money for reasons of a consequentialist nature. Based on the results presented …
Persistent link: https://www.econbiz.de/10014223441
can identify which hormones and brain regions participate in decision-making, to what degree and in what direction. Can a … I present the results of my laboratory experiment where I examine why people are generous in one-shot economic games … amount of money sent but only in a reciprocal context. The third chapter presents an experiment on punishment. I hypothesized …
Persistent link: https://www.econbiz.de/10014225550
This paper experimentally investigates the difficulty subjects have in recognizing dominant strategies. We find, for example, that subjects playing the prisoner's dilemma game defect significantly more when they are asked to guess the move of their counterpart than when they are not so asked. We...
Persistent link: https://www.econbiz.de/10014152162
In this paper, two models of two-person normal-form game play behavior are presented and estimated, using three experimental data sets. The models are variants of the Quantal Response Equilibrium model defined by McKelvey and Palfrey (1995, "Games and Economic Behavior"), and allow a player to...
Persistent link: https://www.econbiz.de/10014127538
We studied the hypothesis that social value orientations are expressed automatically in behavior, as would be suggested by the social intuitionist model. We compared automatic and more deliberated decisions in the dictator game and confirmed that social values determine behavior when responses...
Persistent link: https://www.econbiz.de/10014051709
We examine the strategic sophistication of adolescents, aged 10 to 17 years, in experimental normal-form games. Besides making choices, subjects have to state their first- and second-order beliefs. We find that choices are more often a best reply to beliefs if any player has a dominant strategy...
Persistent link: https://www.econbiz.de/10013141220
Persistent link: https://www.econbiz.de/10008658331
In an information cascade experiment participants are confronted with artificial predecessors predicting in line with …
Persistent link: https://www.econbiz.de/10010343945