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The idea of political community is appealing on a gut-level. Hayek suggested that certain genes and instincts still dispose us toward the ethos and mentality of the hunter-gatherer band, and that modern forms of political collectivism have, in part, been atavistic reassertions of such...
Persistent link: https://www.econbiz.de/10008914263
We present evidence from a laboratory experiment showing that individuals who believe they were treated unfairly in an interaction with another person are more likely to cheat in a subsequent unrelated game. Specifically, subjects first participated in a dictator game. They then flipped a coin...
Persistent link: https://www.econbiz.de/10008914264
We present results from laboratory experimental elections in which voter information is endogenously provided by candidates and voting is voluntary. We also compare advertisements that are costless to voters with those that reduce voter payoffs. We fi?nd that informative advertisements increase...
Persistent link: https://www.econbiz.de/10005627689
A long literature in psychology, as well as a more recent theory literature in economics, suggests that prolonged exposure to a tempting stimulus can eventually lead people to "succumb" to that temptation. Here we develop a model for decision under temptation, and test its predictions using data...
Persistent link: https://www.econbiz.de/10005627692
The auction design literature makes clear that theoretically equivalent mechanisms can perform very differently in practice. Though of equal importance, much less is known about the empirical performance of theoretically equivalent mechanisms for belief elicitation. This is especially...
Persistent link: https://www.econbiz.de/10008456815
Auctions, normally considered as devices facilitating trade, also provide a way to probe mechanisms governing one's valuation of some good or action. One of the most intriguing phenomena in auction behavior is the winner's curse - the strong tendency of participants to bid more than rational...
Persistent link: https://www.econbiz.de/10014212369
Auctions, normally considered as devices facilitating trade, also provide a way to probe mechanisms governing one's valuation of some good or action. One of the most intriguing phenomena in auction behavior is the winner's curse --- the strong tendency of participants to bid more than rational...
Persistent link: https://www.econbiz.de/10005773106
Development of human societies requires cooperation among unrelated individuals and obedience to social norms. Although punishment is widely agreed to be potentially useful in fostering cooperation, many recent results in psychology and economics highlight punishments' failures in this regard....
Persistent link: https://www.econbiz.de/10003278956
Persistent link: https://www.econbiz.de/10003810626
Persistent link: https://www.econbiz.de/10003866826