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In four independent Chapters, I examine how norms guide our behavior in an uncertain world. Methodologically, I apply the toolbox of experimental economics to research questions that are on the interface between economics and law (especially Chapter 1 and Chapter 2), sociology (especially...
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inefficiently foreclose markets. In an experiment reported in Chapter III I confirm that guilt aversion, i.e., a preference to …
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Pro-social and ethical behavior primarily understood as the ability to sacrifice ones own interest to the benefit of others leads to welfare improvements and social progress, whereas anti-social and unethical actions result in irrevocable welfare losses and destruction. This dissertation...
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