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Is observed other-regarding behavior always genuine?

Matthey, Astrid; Regner, Tobias - Wirtschaftswissenschaftliche Fakultät, … - 2007

We investigate to what extent genuine social preferences can explain observed other-regarding behavior. In a social dilemma situation (a dictator game variant), people can choose whether to learn about the consequences of their choice for the receiver. We ï¬nd that a majority of the people...

Persistent link: https://www.econbiz.de/10005090540

One, Two, (Three), Infinity: Newspaper and Lab Beauty-Contest Experiments

Bosch-Domenech, Antoni - The Field Experiments Website - 2002

-contest experiments run in newspapers in UK, Spain, and Germany and find stable patterns of behavior across them, despite the … uncontrollability of these experiments. These results are then compared with lab experiments involving undergraduates and game theorists … empirical power of experiments run with large subject-pools, and open the door for more experimental work performed on the rich …

Persistent link: https://www.econbiz.de/10005685478

Bidding Behavior in the Price is Right Game: an Experimental Study.

Healy, P.; Noussair, C. - Krannert School of Management, Purdue University - 2000

In this paper, we present the design and the results of an experiment in which subjects participate in a bidding game identical to the one seen on the television game show "The Price is Right". Four players make sequential guesses about the price of an item, and the player whose guess is closest...

Persistent link: https://www.econbiz.de/10005739814

Fairness and Incentives in a Multi-Task Principal-Agent Model

Fehr, Ernst; Schmidt, Klaus M. - Institut für Volkswirtschaftslehre, …

This paper reports on a two-task principal-agent experiment in which only one task is contractible. The principal can either offer a piece-rate contract or a (voluntary) bonus to the agent. Bonus contracts strongly outperform piece rate contracts. Many principals reward high efforts on both...

Persistent link: https://www.econbiz.de/10005585634

Theories of Fairness and Reciprocity

Fehr, Ernst; Schmidt, Klaus M. - Volkswirtschaftliche Fakultät, … - 2001

Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...

Persistent link: https://www.econbiz.de/10005649789

The Economics of Fairness, Reciprocity and Altruism – Experimental Evidence and New Theories

Fehr, Ernst; Schmidt, Klaus M. - Volkswirtschaftliche Fakultät, … - 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/10005649793

An Experiment on Partnership Protocols for Bilateral Trade with Incomplete Information

Sopher, Barry; Sopher, Revan - Department of Economics, Rutgers University-New Brunswick - 2013

We study experimentally “partnership protocols” of the sort proposed by Kalai and Kalai (2010), for bilateral trade games with incomplete information. We utilize the familiar game analyzed by Chatterjee and Samuelson (1983) and Myerson and Sattherwaite (1983), with a buyer and seller with...

Persistent link: https://www.econbiz.de/10010678608

Signaling in deterministic and stochastic settings

Jeitschko, Thomas D.; Normann, Hans-Theo - In: Journal of Economic Behavior & Organization 82 (2012) 1, pp. 39-55

We contrast a standard deterministic signaling game with one where the signal-generating mechanism is stochastic. With stochastic signals a unique equilibrium emerges that involves separation and has intuitive comparative-static properties as the degree of signaling depends on the prior type...

Persistent link: https://www.econbiz.de/10010573055

A Survey of Experimental Research on Contests, All-Pay Auctions and Tournaments

Dechenaux, Emmanuel; Kovenock, Dan; Sheremeta, Roman - Economic Science Institute (ESI), Argyros School of … - 2012

between groups, as well as real-effort and field experiments. Finally, we discuss applications of contests to the study of …

Persistent link: https://www.econbiz.de/10010575500

How economic rewards affect cooperation reconsidered

Kagel, John H.; Schley, Dan R. - In: Economics Letters 121 (2013) 1, pp. 124-127

Recent studies suggest that payoffs in cents, compared to dollars, produce less defection in a repeated prisoner’s dilemma game. We are unable to replicate these findings with conventional economic procedures or in a direct replication.

Persistent link: https://www.econbiz.de/10010702773