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Experimental participants are more likely to follow an arbitrary rule the more of their peers do so as well. The difference between unconditional and conditional rule following is most pronounced for individuals who follow few rules unconditionally.
Persistent link: https://www.econbiz.de/10011688384
and online experiment to provide the first evidence for the persistent power of communication. Even when 3 weeks pass …
Persistent link: https://www.econbiz.de/10012920309
Trust is an essential component of good social outcomes and effective economic performance. This is particularly true in environments such as the Prisoner's Dilemma or standard public-goods games, where the equilibrium in a one-shot case involves strictly uncooperative behavior. Evolutionary...
Persistent link: https://www.econbiz.de/10013146695
behavior, in the experiment, a subject can inflict a painful electric shock on another subject in return for money. We …
Persistent link: https://www.econbiz.de/10011700465
behavior, in the experiment, a subject can inflict a painful electric shock on another subject in return for money. We …
Persistent link: https://www.econbiz.de/10011704382
This paper uses a controlled laboratory experiment to investigate the effect of wealth on individual social …
Persistent link: https://www.econbiz.de/10011603199
Promising serves as an important commitment mechanism by operating on a potential cheater’s internal value system. We present experimental evidence on what motivates people to keep their promises. First, they feel that they are duty-bound to keep their promises regardless of whether promisees...
Persistent link: https://www.econbiz.de/10011581987
For decades, experimental economics has been very interested in behavior that could be characterized as practicing solidarity (although the term is rarely used). Solidarity is a key concept in Catholic Social Teaching. This paper builds a bridge between these two endeavors that, thus far, had...
Persistent link: https://www.econbiz.de/10011553331
Experimental participants are more likely to follow an arbitrary rule the more of their peers do so as well. The difference between unconditional and conditional rule following is most pronounced for individuals who follow few rules unconditionally.
Persistent link: https://www.econbiz.de/10011648418
behavior, in the experiment, a subject can inflict a painful electric shock on another subject in return for money. We …
Persistent link: https://www.econbiz.de/10011709802