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We introduce a simple procedure to be used for selecting the strategies most likely to be played by inexperienced agents who interact in one shot 2x2 games. We start with an axiomatic description of a function that may capture players' beliefs. Various proposals connected with the concept of...
Persistent link: https://www.econbiz.de/10010439356
experiment, a trust game variant, we study whether moral wiggle room also prevails, when reciprocity is a potential motivation …
Persistent link: https://www.econbiz.de/10011446176
We enrich the choice task of responders in ultimatum games by allowing them to independently decide whether to collect what is offered to them and whether to destroy what the proposer demanded. Such a multidimensional response format intends to cast further light on the motives guiding responder...
Persistent link: https://www.econbiz.de/10010395127
We examine the strategic behavior of leaders and followers in sequential duopoly experiments in which followers either …
Persistent link: https://www.econbiz.de/10005845209
experiments with various numbers of firms, we compare production decisions with and without the possibility to target punishment …
Persistent link: https://www.econbiz.de/10010222148
We analyze reciprocal behavior when moral wiggle room exists. Dana et al. (2007) show that giving in a dictator game is only partly due to distributional preferences as the giving rate drops when situational excuses for selfish behavior are provided. Our binary trust game closely follows their...
Persistent link: https://www.econbiz.de/10011576929
We study the role of communication in collusive market sharing. In a series of Cournot oligopoly experiments with …
Persistent link: https://www.econbiz.de/10012134028
We develop a dynamic resource extraction game that mimics the global multi-generation planning problem for climate change and fossil fuel extraction. We implement the game under different conditions in the laboratory. Compared to a "libertarian" baseline condition, we find that policy...
Persistent link: https://www.econbiz.de/10011737571
Using data from modified dictator games and a mixture-of-types estimation technique, we find a clear relationship between a classification of subjects into four different types of interdependent preferences (selfish, social welfare maximizers, inequity averse, and competitive) and the beliefs...
Persistent link: https://www.econbiz.de/10011757096
a penalty and excuse their selfish behavior. We address the question of punishment legitimacy in our experiment by …
Persistent link: https://www.econbiz.de/10011758417