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We study fairness and reciprocity in a Hawk-Dove game. This alllows us to test various models in one framework. We observe a large extent of selfish and rational behavior. Our results are inconsistent with leading models in this field.
Persistent link: https://www.econbiz.de/10005137274
This paper experimentally investigates the impact of different pay and relative performance information policies on employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through the production period, and continuously updated...
Persistent link: https://www.econbiz.de/10005056862
Male and female choices differ in many economic situations, e.g., on the labor market. This paper considers whether such differences are driven by different attitudes towards competition. In our experiment subjects choose between a tournament and a piece-rate pay scheme before performing a real...
Persistent link: https://www.econbiz.de/10005029817
In this paper we analyze whether social capital can emerge endogenously from a process of preference evolution. We define social capital as preferences that promote voluntary cooperation in a one-shot Prisoner’s Dilemma game. We investigate how the endogenous preferences depend on the amount...
Persistent link: https://www.econbiz.de/10005674875
We study a simple evolutionary bargaining game and show that the efficiency of bargaining behavior can depend crucially on the tie breaking rule players use. In fact, in a certain limit all the surplus is wasted. Inefficiency arises for any role assignment procedure, as long as there is some...
Persistent link: https://www.econbiz.de/10005424109
In order to explain excess co-operation in the one-shot prisoner's dilemma game, we first question the standard assumption of stable and selfish preferences by introducing the concept of social capital. This analysis leads to a model that explains excess co-operation through an accumulation of...
Persistent link: https://www.econbiz.de/10005652439
This paper analyses preference evolution in a bargaining situation. We show <p> that preferences for reciprocity, that sustain a conflict-free outcome, are viable <p> if players have enough information about opponents’ preferences. However, depending <p> on the initial starting point, preference...</p></p></p>
Persistent link: https://www.econbiz.de/10005652447
We study fairness and reciprocity in a Hawk-Dove game. This allows us to test various models in one framework. We observe a large extent of selfish and rational behavior. Our results are inconsistent with leading models in this field.
Persistent link: https://www.econbiz.de/10005652466
This paper experimentally investigates if and how people's competitiveness depends on their own gender and on the gender of people with whom they interact. Participants are given information about the gender of the co-participant they are matched with, they then choose between a tournament or a...
Persistent link: https://www.econbiz.de/10010739726
We use a new experimental design to test Schelling's hypotheses about the nature and effectiveness of focal points in tacit bargaining problems. In our design, as in many real-world bargaining problems, each player's strategies are framed as proposals about what part of a stock of valuable...
Persistent link: https://www.econbiz.de/10010688161