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inequalities can arise in the time as well as in the social dimension. The results of our experiment show that for equal monetary … payoffs, decisions regarding waiting time show similar patterns as decisions regarding monetary payoffs in the standard games …. Moreover, decisions regarding waiting time depend on inequalities in monetary payoffs in a systematic way, with this dependence …
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We study strategic interaction in an experimental social-preferences vacuum chamber. We mute social preferences by letting participants knowingly interact with computers. Our new design allows for indirect strategic interaction: there are several waves in which computer players inherit the...
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This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes. In equilibrium fairness matters because of market...
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We propose a theoretical model that embeds social identity concerns, as in Akerlof and Kranton (2000), with inequity averse preferences, as in Fehr and Schmidt (1999). We conduct an artefactual ultimatum game experiment with registered members of British political parties, for whom political...
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of social cognition, namely a person’s Theory of Mind (ToM), to examine differences in decision-making in standard non …
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