This paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is … is played; Certain Punishment in which the prisoner’s dilemma game is followed by a punishment stage allowing subjects to … decrease the other player’s payoff by 2 Euros; and Uncertain Punishment in which subjects could decrease the other player …

modelled as a simultaneous, symmetric prisoner’s dilemma. This experiment manipulates the payoff in case both players defect …

This paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is … is played; Certain Punishment in which the prisoner’s dilemma game is followed by a punishment stage allowing subjects to … decrease the other player’s payoff by 2 Euros; and Uncertain Punishment in which subjects could decrease the other player …

This paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is … uncertain than when it is certain. We compare subjects' behavior in two treatments: Certain Punishment in which the prisoner …'s dilemma game is followed by a punishment stage allowing subjects to decrease the other player's payoff by 2 Euros; and …

by a draw from an Ellsberg urn. In a within-subject experiment, subjects make decisions in three different bargaining …

We study how punishment influences conditional cooperation. We ask two questions: 1) how does conditional cooperation … cooperation with punishment which leads to a decrease in conditional cooperation. The power to punish means more responsibility …

processes we do not find that those subjects showing ambiguity aversion in an urn experiment based on Halevy (2007 …

We report a portfolio-choice experiment that enables us to estimate parametric models of ambiguity aversion at the …