Showing 121 - 130 of 2,241
We study ultimatum and dictator experiments where the first mover chooses the amount of money to be distributed between the players within a given interval, knowing that her own share is fixed. Thus, the first mover is faced with scarcity, but not with the typical trade-off between her own and...
Persistent link: https://www.econbiz.de/10008506719
Idiosyncratic risk attitudes are usually assumed to be commonly known and related to own payoffs only. However, the alternatives faced by a decision maker often involve risk about others' payoffs as well. Motivated by the importance of other-regarding preferences in social interactions, this...
Persistent link: https://www.econbiz.de/10005136140
The satisficing approach is generalized and applied to finite n-person games. Based on direct elicitation of aspirations, we formally define the concept of satisficing, which does not exclude (prior-free) optimality but includes it as a border case. We also review some experiments on strategic...
Persistent link: https://www.econbiz.de/10005090476
In a public goods experiment, subjects can vary over a period of stochastic length two contribution levels: one is publicly observable (their cheap talk stated intention), while the other is not seen by the others (their secret intention). When the period suddenly stops, participants are...
Persistent link: https://www.econbiz.de/10005090483
This paper reports on an experiment designed to explore the robustness of the deadline effect in multi period bargaining games using constant and decreasing pies, different time horizons, and constant and alternating roles. Our results indicate that decreasing pies and alternating roles lead to...
Persistent link: https://www.econbiz.de/10005050953
We report on an experiment designed to explore whether allowing individuals to voice their anger prevents costly punishment. For this sake, we use an ultimatum minigame and distinguish two treatments: one in which responders can only accept or reject the other, and the other in which they can...
Persistent link: https://www.econbiz.de/10005032005
"When explaining risk taking, intertemporal allocation, and distributing behavior, economists rely on risk, time, and other-regarding preferences but offer no guidance on how these three crucial aspects are interrelated. We report on an experiment exploring such interrelation. For this sake, we...
Persistent link: https://www.econbiz.de/10005686288
We study an ultimatum experiment in which the responder does not know the offer when accepting or rejecting. Unconditional veto power leads to acceptances, although proposers are significantly greedier than in standard ultimatum games, and this is anticipated by responders.
Persistent link: https://www.econbiz.de/10005588018
In the hybrid game, one proposer confronts two responders with veto power: one responder can condition his decisions on his own offer but the other cannot. We vary what the informed responder knows about the offers as well as the uninformed responder's conflict payoff. Neither variation affects...
Persistent link: https://www.econbiz.de/10010779440
This paper experimentally examines a procedurally fair provision mech- anism allowing members of a small community to determine, via their bids, which of four alternative public projects to implement. Previous experi- ments with positive cost projects have demonstrated that the mechanism is...
Persistent link: https://www.econbiz.de/10010658715