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Imperfect Recall and Time Inconsistencies: An experimental test of the absentminded driver "paradox"

Levati, Vittoria M.; Uhl, Matthias; Ro'i Zultan - Wirtschaftswissenschaftliche Fakultät, … - 2010

Absentmindedness is a special case of imperfect recall which according to Piccione and Rubinstein (1997a) leads to time inconsistencies. Aumann, Hart and Perry (1997a) question their argument and show how dynamic inconsistencies can be resolved. The present paper explores this issue from a...

Persistent link: https://www.econbiz.de/10008511322

Dare per avere e dare per dare: due universi paralleli

Giovanni, Di Bartolomeo; Stefano, Papa - Department of Communication, University of Teramo - 2011

Questo lavoro si propone di distinguere le differenti motivazioni che si trovano alla base delle scelte effettuate in un gioco dell’investimento. In particolare attraverso metodi diretti, basati sull’osservazione dei playoff e delle scelte, e indiretti, basati su questionari, si vogliono...

Persistent link: https://www.econbiz.de/10009318969

Come misurare fiducia, reciprocità e altruismo

Stefano, Papa - Department of Communication, University of Teramo - 2011

Questo paper illustra dal punto di vista sperimentale come la letteratura ha affrontato il problema della misurazione della fiducia, reciprocità e altruismo (conditional and unconditional other-regarding preferences) nel gioco dell’investimento.

Persistent link: https://www.econbiz.de/10009318970

Oltre l’egoismo: L’approccio comportamentale alle preferenze

Stefano, Papa - Department of Communication, University of Teramo - 2011

Questo lavoro illustra come la letteratura economica secondo l’approccio comportamentale ha affrontato il problema delle preferenze che riguardano gli altri. Si propone di elaborare una rassegna su come le preferenze non egoistiche si inseriscono nella funzione di utilità.

Persistent link: https://www.econbiz.de/10009318971

Trust, reciprocity and altruism: An impossible addition

Giovanni, Di Bartolomeo; Stefano, Papa - Department of Communication, University of Teramo - 2011

This paper attempts to measure conditional and unconditional other-regarding preferences in two versions of an investment game: a canonical one and a cheap-talk variant where some pre-play is also allowed (i.e., non-binding unilateral messages). We find that counter-factual measures, as the...

Persistent link: https://www.econbiz.de/10009318972

Disclosing advisor's interests neither hurts nor helps

Ismayilov, Huseyn; Potters, Jan - In: Journal of Economic Behavior & Organization 93 (2013) C, pp. 314-320

We set up an experiment to study whether disclosure of the advisor's interests can foster truthfulness and trust. We measure how advisors expect decisionmakers to react to their advice in order to distinguish between strategic and moral reactions to disclosure by advisors. Results indicate that...

Persistent link: https://www.econbiz.de/10010702937

The Role of Information Feedback in Local Reserve Energy Auction Markets

Madlener, Reinhard; Rosen, Christiane - Institut für Future Energy Consumer Needs and Behavior … - 2013

of the most notable ones are the results in learning direction theory (Selten & Stoecker, 1986), impulse balance theory … last couple of decades, several studies on feedback information in games and its role in learning have been conducted. Some … learning and the change in bidder behavior for the divisible good auction case. However, the impact of the competitive …

Persistent link: https://www.econbiz.de/10010840304

Peer Effects in Risk Taking

Lahno, Amrei M.; Serra-Garcia, Marta - CESifo - 2012

We examine peer effects in risk taking with complete information and compare explanations for peer effects based on relative payoff concerns to explanations that allow peer choices to matter. We vary experimentally whether individuals can condition a simple lottery choice on the lottery choice,...

Persistent link: https://www.econbiz.de/10010739341

Overconfidence as a social bias: Experimental evidence

Proeger, Till; Meub, Lukas - In: Economics Letters 122 (2014) 2, pp. 203-207

The overconfidence bias is discussed extensively in economic studies, yet fails to hold experimentally once monetary incentives and feedback are implemented. We consider overconfidence as a social bias. For a simple real effort task, we show that, individually, economic conditions effectively...

Persistent link: https://www.econbiz.de/10010743706

Measuring trust, reciprocity and altruism by counterfactuals

Giovanni, Di Bartolomeo; Stefano, Papa - Department of Communication, University of Teramo - 2013

Our paper aims to investigate conditional and unconditional motivations in investment games by using a counterfactual methodology and attitudinal survey and self-reported information about participants’ behavior. We have combined different methodologies to verify the coherence between...

Persistent link: https://www.econbiz.de/10010820141