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The ultimatum game models social exchange in situations in which the rational motive to maximize gains conflicts with fairness considerations. Using two independent behavioral measurements, the authors tested two contradicting predictions: that the preference for fairness is a deliberative...
Persistent link: https://www.econbiz.de/10014181014
This article presents a new method of teaching ethics in economics based on recent developments in game theory … distinguish good actions and policies from bad ones in answering the former. The traditional presentation of ethics as constraints … on behavior makes it hard to justify ethics normatively using only the Pareto principle. Binmore (1994, 1998) instead …
Persistent link: https://www.econbiz.de/10012733162
We perform an experimental investigation using a dictator game in which individuals must make a moral decision - to give or not to give an amount of money to poor people in the Third World. A questionnaire in which the subjects are asked about the reasons for their decision shows that, at least...
Persistent link: https://www.econbiz.de/10014223441
Returns-based beliefs provides an explanation for the anomaly between the theory and empirics for the one-shot and finitely-repeated Prisoner’s Dilemma games. Even in a fully specified game, there is strategic uncertainty as players attempt to coordinate their actions. Therefore players form...
Persistent link: https://www.econbiz.de/10005207804
recognize the role of emotions as a component of rationality and b) do not address the question of whether preferences are …We wish to examine critically the viewpoint that: a) economists take too narrow a view of rationality and do not … rational or not, and instead take them as just given. We trace the relationship between economics and emotions showing some …
Persistent link: https://www.econbiz.de/10011577349
and evoke feelings and emotions, while economic signals are simple, efficient signs that stand for a more complex set of …’s emotions. By evoking emotions, a signal makes the receiver feel more confident about the truthfulness of the information it … irrational world of emotions and values, a relationship which needs to be explored as part of the development of the ideal type …
Persistent link: https://www.econbiz.de/10005817039
primarily interested in how emotions influenceresponder behavior. Our findings are the following. (1) A higher take … happiness. Sincenegative emotions are experienced as painful, there is direct hedonicimpact. (2) Irritation and contempt drive …-related regulation of emotions. …
Persistent link: https://www.econbiz.de/10010324423
primarily interested in how emotions influenceresponder behavior. Our findings are the following. (1) A higher take … happiness. Sincenegative emotions are experienced as painful, there is direct hedonicimpact. (2) Irritation and contempt drive …-related regulation of emotions. …
Persistent link: https://www.econbiz.de/10011301155
primarily interested in how emotions influenceresponder behavior. Our findings are the following. (1) A higher take … happiness. Sincenegative emotions are experienced as painful, there is direct hedonicimpact. (2) Irritation and contempt drive …-related regulation of emotions.<p>This discussion paper has resulted in a publication in <I>The Economic Journal</I>, January 2002, 147 …
Persistent link: https://www.econbiz.de/10011255559
, we are primarily interested in how emotions influence responder behavior. Our findings are the following. (1) A higher … intensity of joy and happiness. Since negative emotions are experienced as painful, there is direct hedonic impact. (2 … in terms of norm-related regulation of emotions.<BR><BR> …
Persistent link: https://www.econbiz.de/10005137100