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Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...
Persistent link: https://www.econbiz.de/10010279402
agents; (3) perceptions of fairness are prone to the so-called self-serving bias. (4) expectations are often not consistent …
Persistent link: https://www.econbiz.de/10010317680
Adaptive learning and punishment are highly prominent competing explanations for ultimatum game behavior. We report on an experiment that considers each theory in stand-alone form, so that one does not rely on the other in any substantial way. Our data exhibits patterns for which punishment can...
Persistent link: https://www.econbiz.de/10004968239
agents; (3) perceptions of fairness are prone to the so-called self-serving bias. (4) expectations are often not consistent …
Persistent link: https://www.econbiz.de/10004968336
the prize structure affects the intensity, fairness, and dynamic behavior in sequential round-robin tournaments with three …
Persistent link: https://www.econbiz.de/10013189772
How malleable are people's fairness ideals? Although fairness is an oft-invoked concept in allocation situations, it is … still unclear whether and to what extent people's allocations reflect their fairness ideals. We investigate in a laboratory … experiment whether people's fairness ideals vary with respect to changes in the order in which they undertake two allocation …
Persistent link: https://www.econbiz.de/10013208726
the prize structure affects the intensity, fair-ness, and dynamic behavior in sequential round-robin tournaments with three …
Persistent link: https://www.econbiz.de/10013266616
Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...
Persistent link: https://www.econbiz.de/10005008036
limited. Our evidence supports the view that fairness theory should explicitly address intentions – responders exhibit …
Persistent link: https://www.econbiz.de/10005763424
motivated by fairness and efficiency considerations. This evidence, however, results mainly from experimental designs asking … fairness are less influential. We investigate and confirm this frame dependency more systematically by comparing net …
Persistent link: https://www.econbiz.de/10005765144