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trustworthiness in one-shot interactions. In addition, repeated interaction increases trust and reciprocity with or without …
Persistent link: https://www.econbiz.de/10005245041
This paper uses laboratory mechanism design in an investment environment to examine the impact of empowering investors with the right to veto the investee’s profit distribution decision on the level of trust and trustworthiness. One of the key findings is that the empowerment of investors...
Persistent link: https://www.econbiz.de/10008531401
Experimental evidence from modified dictator games and simple choice situations indicates that concern for overall welfare is an important motive in human decision making. Models of inequality averse agents, as suggested by Fehr and Schmidt (1999) or Bolton and Ockenfels (2000), fall short in...
Persistent link: https://www.econbiz.de/10005744290
paper, I consider an evolutionary model of reciprocity. The main findings of this paper are that evolution can support … cohesiveness of the relationships. These findings match stylized facts learned from experimental and field studies of reciprocity. …
Persistent link: https://www.econbiz.de/10005578941
This paper uses a controlled laboratory environment and a two-person investment game in a multi-period setting to examine the impact of empowering investors with the right to veto the investee’s profit distribution on trust and trustworthiness. Two forms of vetoes are tested: the first is...
Persistent link: https://www.econbiz.de/10010577299
In a laboratory-controlled environment characterized by uncertainty and incomplete information we provide experimental evidence on the effects of transparency and empowerment on trust (investment by a principal) and trustworthiness (reciprocal behavior of an agent) in a simple two-person...
Persistent link: https://www.econbiz.de/10010583807
This note presents results from modified dictator games in which the payoff-relevant game is either chosen randomly or by the recipients. We do not observe reciprocal behavior when recipients choose the game: Dictators do not condition their donations on the game chosen by recipients.
Persistent link: https://www.econbiz.de/10010709095
We design experiments to study the extent to which individuals differ in their motivations behind costly punishment and … both inequity-aversion and reciprocity, while smaller fractions are primarily motivated by pure inequity-aversion and pure … reciprocity. These findings provide new insights into the literature on other-regarding preferences and may help to reconcile …
Persistent link: https://www.econbiz.de/10008852718
Many experimental studies indicate that people are motivated by reciprocity. Rabin (1993) develops techniques for … reciprocity for extensive games in which the sequential structure of a strategic situation is made explicit. We propose a new … solution concept— sequential reciprocity equilibrium—which is applicable to extensive games, and we prove a general equilibrium …
Persistent link: https://www.econbiz.de/10011090465
This paper reports the results of experiments designed to isolate the impact of various combinations of the following …
Persistent link: https://www.econbiz.de/10010895184