Showing 1 - 10 of 213
section we analyze the impact of macroeconomic, industry and firm-specific factors on the compensations (salary, bonus …
Persistent link: https://www.econbiz.de/10008553045
) game causes low paid agents to reduce effiort. We control for intentionality of wages by either allowing a principal to … determine wages or by implementing a random process. Our main observations are that discrimination has no negative effiect on …
Persistent link: https://www.econbiz.de/10008464021
Economists have been theorizing that other-regarding preferences influence decision making. Yet, what are the corresponding psychological mechanisms that inform these preferences in laboratory games? Empathy and Theory of Mind (ToM) are dispositions considered to be essential in social...
Persistent link: https://www.econbiz.de/10008511334
We investigate to what extent genuine social preferences can explain observed other-regarding behavior. In a dictator game variant subjects can choose whether to learn about the consequences of their choice for the receiver. We find that a majority of subjects showing other-regarding behavior...
Persistent link: https://www.econbiz.de/10008691688
Using a laboratory experiment, we examine whether informal monetary sanctions can lead to better coordination in a repeated minimum effort coordination game. While most groups first experience inefficient coordination, the efficiency increases substantially after introducing an ex post...
Persistent link: https://www.econbiz.de/10010686085
The notion of choice inconsistency is widely spread in the literature on behavioral economics. Several approaches were used to account for the observation that people reverse their choices over time. This paper aims to explain the formation of resolutions regarded as internal self-binding...
Persistent link: https://www.econbiz.de/10004964132
The satisficing approach is generalized and applied to finite n-person games. Based on direct elicitation of aspirations, we formally define the concept of satisficing, which does not exclude (prior-free) optimality but includes it as a border case. We also review some experiments on strategic...
Persistent link: https://www.econbiz.de/10005090476
In-group favoritism in social dilemma situations is one of the main findings of studies in Social Identity Theory. We investigate what causes the in-group bias: is it due to mere group affiliation or, alternatively, is guilt-aversion a possible explanation? We induce group membership in a...
Persistent link: https://www.econbiz.de/10005090588
While envy has been studied extensively in adults, the question how envy develops during childhood has not received … compares the prevalence and development of destructive envy in children aged seven to ten. The experiment took place in the … appear to mitigate this prevalence. Furthermore, we found strong evidence of cultural variability in the development of envy …
Persistent link: https://www.econbiz.de/10010884464
Envy and altruism have been studied extensively in adults. Here, we report data from an experiment studying envious and … treatments. One treatment investigates envy, the other one studies altruism. Additionally, we collect data on the children …
Persistent link: https://www.econbiz.de/10008641432