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Co-evolution of preferences and information in simple games of trust
Güth, Werner; Kliemt, Hartmut; Peleg, Bezalel - 1998
In standard rational choice modelling decisions are made according to given information and preferences. In the model presented here the 'information technology' of individual decision makers as well as their preferences evolve in a dynamic process. In this process decisions are made rationally...
Persistent link: https://www.econbiz.de/10009578580
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Incentive magnitude effects in experimental games : bigger is not necessarily better
Pulford, Briony D.; Colman, Andrew M.; Loomes, Graham - In: Games 9 (2018) 1/4, pp. 1-10
In experimental games, task-related incentives are payments to experimental subjects that vary according to their …-form games under task-related incentives of conventional magnitude and compared them with choices and reasons in the same games … under incentives five times as large. Both strategy choices and self-reported reasons for choices were almost …
Persistent link: https://www.econbiz.de/10011848336
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What can the Big Five Personality Factors contribute to explain Small-Scale Economic Behavior?
Muller, Julia; Schwieren, Christiane - Tinbergen Instituut - 2012
favor and against this assumption and test in our own experiment, whether and which personality factors are useful in …
Persistent link: https://www.econbiz.de/10011256055
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What can the Big Five Personality Factors contribute to explain Small-Scale Economic Behavior?
Muller, Julia; Schwieren, Christiane - 2012
favor and against this assumption and test in our own experiment, whether and which personality factors are useful in …
Persistent link: https://www.econbiz.de/10010326411
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What can the big five personality factors contributr to explain small-scale economic behavior?
Müller, Julia; Schwieren, Christiane - 2012
Persistent link: https://www.econbiz.de/10009722686
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How social preferences shape incentives in (experimental) markets for credence goods
Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - 2015 - This Version: February 2015
Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus-maximizing quality. While standard theory predicts that equal mark-up prices solve the credence goods problem if customers can verify the quality received, experimental evidence...
Persistent link: https://www.econbiz.de/10010479932
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Testing game theory without the social preference confound
Krawczyk, Michał; Lec, Fabrice Le - Wydział Nauk Ekonomicznych, Uniwersytet Warszawski - 2012
being a test of validity of the method, our experiment helps answer the question of how useful social preferences could be …
Persistent link: https://www.econbiz.de/10010540127
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Trust in the Shadow of the Courts
Brennan, G.; Güth, W.; Kliemt, H. - Tilburg University, Center for Economic Research - 1997
If contract enforcers must be randomly selected from the same population and thus are as opportunistic as ordinary traders could a system of adjudication nevertheless increase the degree to which contractual obligations on large anonymous markets are fulfilled? Adopting an indirect evolutionary...
Persistent link: https://www.econbiz.de/10011091713
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The trust game behind the veil of ignorance : a note on gender differences
Výrašteková, Jana; Onderstal, Sander - 2010
We analyze gender differences in the trust game in a behind the veil of ignorance design. This method yields strategies that are consistent with actions observed in the classical trust game experiments. We observe that, on average, men and women do not differ in trust, and that women are...
Persistent link: https://www.econbiz.de/10011380925
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Intention-based reciprocity and the hidden costs of control
Siemens, Ferdinand von - 2011
Empirical research suggests that - rather than improving incentives - exerting control can reduce workers' performance …
Persistent link: https://www.econbiz.de/10010277418