Showing 1 - 10 of 49,941
Experimental evidence has accumulated highlighting the limitations of formal and explicit contracts in certain situations, and has identified environments in which informal and implicit contracts are more efficient. This paper documents the superior performance of explicit over implicit...
Persistent link: https://www.econbiz.de/10010540925
Experimental evidence has accumulated highlighting the limitations of formal and explicit contracts in certain situations, and has identified environments in which informal and implicit contracts are more efficient. This paper documents the superior performance of explicit over implicit...
Persistent link: https://www.econbiz.de/10011048197
greater trust than women do while women show much higher levels of reciprocity. Trusting behavior is driven strongly by …We use the investment game introduced by Berg, Dickhaut and McCabe (1995) to explore gender differences in trust and … reciprocity. In doing so we replicate and extend the results first reported by Croson and Buchan (1999). We find that men exhibit …
Persistent link: https://www.econbiz.de/10010263242
buyers). We describe two kinds of models of trust for such networked environments, absolute and relativized models, and use …
Persistent link: https://www.econbiz.de/10005836924
greater trust than women do while women show higher levels of reciprocity. Trusting behavior is driven strongly by …We use the investment game introduced by Berg, Dickhaut and McCabe (1995) to explore gender differences in trust and … reciprocity. In doing so we replicate and extend the results first reported by Croson and Buchan (1999). We find that men exhibit …
Persistent link: https://www.econbiz.de/10005587702
reciprocity. The experiment implements sequences of two types of extensive form games called Punishment games and Trust games. The … reciprocal behavior. Results show that the level of trust and punishment are consistent with the view that emotions are involved. …
Persistent link: https://www.econbiz.de/10010786876
Many previous experiments document that behavior in multi-person settings responds to the name of the game and the … labeling of strategies. Usually these studies cannot tell whether frames affect preferences or beliefs. In this Dictator game … which case the frame may only affect preferences. We find that behavior is insensitive to social framing. …
Persistent link: https://www.econbiz.de/10010286337
Many previous experiments document that behavior in multi-person settings responds to the name of the game and the … labeling of strategies. Usually these studies cannot tell whether frames affect preferences or beliefs. In this Dictator game … which case the frame may only affect preferences. We find that behavior is insensitive to social framing. …
Persistent link: https://www.econbiz.de/10009323350
We present a model for the α-beauty contest that explains common patterns in ex-perimental data of one-shot and iterative games. The approach is based on two basic assumptions. First, players iteratively update their recent guesses. Second, players estimate intervals rather than exact numbers...
Persistent link: https://www.econbiz.de/10005858557
Tangney et al., 2007). Belief-dependant models of social preferences using the framework of psychological games aim to …
Persistent link: https://www.econbiz.de/10010281628