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important primitives of social capital – trust and reciprocity – which can be used to explain deviations from the Nash …
Persistent link: https://www.econbiz.de/10005700904
We investigate the role of intentions in two-player two-stage games. For this purpose we systematically vary the set of opportunity sets the first mover can chose from and study how the second mover reacts not only to opportunities of gains but also of losses created by the choice of the first...
Persistent link: https://www.econbiz.de/10011480554
We examine differences in behavior between subjects interacting with a member of either the same or different identity group in both a centipede game and a series of stag hunt games. We find evidence that subjects interacting with outgroup members are more likely to behave as though...
Persistent link: https://www.econbiz.de/10010945035
We examine differences in behavior between subjects interacting with a member of either the same or different identity group in both a centipede game and a series of stag hunt games. We find evidence that subjects interacting with outgroup members are more likely to behave as though...
Persistent link: https://www.econbiz.de/10012110651
Whereas many others have scrutinized the Allais paradox from a theoretical angle, we study the paradox from an historical perspective and link our findings to a suggestion as to how decision theory could make use of it today. We emphasize that Allais proposed the paradox as a normative argument,...
Persistent link: https://www.econbiz.de/10012120707
Cooperation via indirect reciprocity uses a partner's reputation to enable subjects to direct help to those who … a third party, the present study explores the implications for cooperation via indirect reciprocity if a helping … dynamics of indirect reciprocity. Secondly, subjects only reciprocate the recipient's good reputation and disregard whether a …
Persistent link: https://www.econbiz.de/10009751944
We compare three different elicitation methods for measuring risk attitudes of French farmers in a field experiment setting. We consider two experiments based on the lottery choices initially proposed by Holt and Laury (2002) and by Eckel and Grossman (2002,2008), a risk-taking psychological...
Persistent link: https://www.econbiz.de/10008643923
We study how lines form endogenously in front of banks when depositors differ in their liquidity needs. Our model has two stages. In the first one, depositors choose the level of costly effort they want to exert to arrive early at the bank which determines the order of decisions. In the second...
Persistent link: https://www.econbiz.de/10012290273
Several heuristics have been developed by economists and psychologists in order to explain economic behaviour on financial markets. They stress the cognitive bias that affect individual judgments and that partially could explain anomalies observed on financial markets. The aim of our experiment...
Persistent link: https://www.econbiz.de/10005002376
We study how lines form endogenously in front of banks when depositors differ in their liquidity needs. Our model has two stages. In the first one, depositors choose the level of costly effort they want to exert to arrive early at the bank which determines the order of decisions. In the second...
Persistent link: https://www.econbiz.de/10012012150