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Debating over efficiency-enhancing but inequality-increasing reforms accounts for the routine business of democratic institutions. Fernandez and Rodrik (1991) hold that anti-reform bias can be attributed to individual-specific uncertainty regarding the distribution of gains and losses resulting...
Persistent link: https://www.econbiz.de/10010765085
account of the fact that response time might be aected by the decision-maker's cognitive ability and swiftness. The experiment …
Persistent link: https://www.econbiz.de/10010765656
The most widely used theoretical framework in international relations is realism. Realism takes many forms, and there have been hundreds of writings on the topic. In the United States, the two most popular exemplars of realism are Morgenthau (Morgenthau & Thompson, 1985; original 1948) and Waltz...
Persistent link: https://www.econbiz.de/10010770253
This article examines an intra- and international trust game experiment among Moroccan, French and Spanish subjects …
Persistent link: https://www.econbiz.de/10010772982
Asymmetric information is a common characteristic of economic relationships and often provides incentives to deceive … scenarios of a sender-receiver game, we investigate if, instead of providing ex ante information, the effect of an ex post …
Persistent link: https://www.econbiz.de/10010773011
This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results indicate that subjects consider the probability of loss (loss size) when they make buying decisions (paying decisions). Most individuals are risk averse with no specific threshold...
Persistent link: https://www.econbiz.de/10010773019
information provided to the investor. Different types of structured guaranteed funds, with fixed combinations of secured and … possibility to buy bonds. Our results show that information available to investors, and particularly the order in which this … information is presented, generates significant biases in their decision making which can have both positive and negative …
Persistent link: https://www.econbiz.de/10010773024
is provided to subjects in a traditional laboratory experiment. We find dictator similarity with the source of the …
Persistent link: https://www.econbiz.de/10010776369
We test a mechanism whereby groups are formed voluntarily, through the use of voting. These groups play a public-goods game, where efficiency increases with group size (up to a limit, in one treatment). It is feasible to exclude group members, to exit one's group, or to form larger groups...
Persistent link: https://www.econbiz.de/10010776752
them. Given this observation, we then design an experiment that can test the new as well as original versions of the guilt …
Persistent link: https://www.econbiz.de/10010776760