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Consumer Confidence as a Matter of Information and Regulation - Can it Enhance Social Welfare?

König, Jan C. L. - 2012

Confidence seems to replace certain knowledge and the necessity for specific information. It simplifies economical processes and procedures, it motivates investing, and obviously, it enhances welfare — if it was missing, innumerable dealings would not be made. Consequently, if confidence among...

Persistent link: https://www.econbiz.de/10013111255

Scattered Notes on the Prisoner's Dilemma (and Others) [Note Sparse Sul Dilemma Del Prigioniero (E Non Solo)]

Magni, Carlo Alberto - 2010

This papers reports some scattered notes on the prisoner's dilemma and on decision theory originated by the reading of Nozick (1993). It aims at highlighting some obscure aspects of decision theory and, in particular, of game theory: excessive abstraction, non-consideration of contexts and...

Persistent link: https://www.econbiz.de/10013152813

Economics and Rationality of Organizations : An Approach to the Work of Herbert A. Simon

Estrada, Fernando - 2010

individual and collective behavior thus opening the ground for further research D. Kahneman, and T. Schelling. This article …

Persistent link: https://www.econbiz.de/10013145297

Norms in a Partly Compliant Society

Kranz, Sebastian - 2008

wide range of stylized facts, like conditional cooperation, costly punishment, the role of intentions, or concerns for …

Persistent link: https://www.econbiz.de/10014056692

The economics of fairness, reciprocity and altruism : experimental evidence and new theories ; chapter written for the Handbook of reciprocity, gift-giving and altruism

Fehr, Ernst; Schmidt, Klaus M. - 2005 - This version: June 6, 2005

This paper surveys recent experimental and field evidence on the impact of concerns for fairness, reciprocity and … altruism on economic decision making. It also reviews some new theoretical attempts to model the observed behavior. …

Persistent link: https://www.econbiz.de/10010440439

Fairness and the optimal allocation of ownership rights

Fehr, Ernst; Kremhelmer, Susanne; Schmidt, Klaus M. - 2005 - This version: July 20, 2005

We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that subjects attain the most efficient ownership allocation despite starting...

Persistent link: https://www.econbiz.de/10010440440

Fairness and the optimal allocation of ownership rights

Fehr, Ernst; Kremhelmer, Susanne; Schmidt, Klaus M. - 2004 - This version: July 9, 2004

We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that the subjects achieve the most efficient ownership allocation starting...

Persistent link: https://www.econbiz.de/10010365912

The economics of fairness, reciprocity and altruism : experimental evidence and new theories ; chapter written for the Handbook of reciprocity, gift-giving and altruism

Fehr, Ernst; Schmidt, Klaus M. - 2005 - This version: June 6, 2005

Persistent link: https://www.econbiz.de/10010371081

Reciprocity with uncertainty about others?

Sohn, Jin-yeong; Wu, Wenhao - 2021

behavior. We extend the Sequential Reciprocity Equilibrium in extensive-form games (Dufwenberg and Kirchsteiger, 2004) to a …We introduce the uncertainty of psychological motivation into a reciprocity model and explore its implications on … how uncertainty changes the equilibrium predictions of the standard reciprocity model and compare two setups in which the …

Persistent link: https://www.econbiz.de/10012795762

On the Usefulness of Memory Skills in Social Interactions

Winkler, Isabell; Jonas, Klaus; Rudolph, Udo - In: Journal of Conflict Resolution 52 (2008) 3, pp. 375-384

The present experiment introduces a modification of the iterated prisoner's dilemma (PD). In contrast to classical dilemma situations with only one interaction partner, participants (N = 120) interacted with five fictitious interaction partners within one game, either in a random order (change...

Persistent link: https://www.econbiz.de/10010801598