For our experiment on corruption, we designed a coordination game to model the influence of risk attitudes, beliefs, and information on behavioral choices and determined the equilibria. We observed that the risk attitude of the participant failed to explain their choices between corrupt and...

While experimental research on social dilemmas focuses on the distribution of gains, we analyze social preferences in the case of losses. In this experimental study, the participants share a loss in a Nash bargaining game, but waiting time, instead of monetary losses, serves as an incentive....

Bounded rationality questions backward induction without necessarily excluding such reasoning when anticipation is easy. In our stochastic (alternating offer) bargaining experiment, there is a certain first-period pie and a known finite deadline. What is uncertain (except for the final period)...

In repeated public good experiments, reciprocity helps to sustain high levels of cooperation. Can this be achieved by location choices in addition to making contributions? It is more realistic to rely on an intuitive neighborhood model for community members who interact repeatedly. In our...

Each of several exchange partners owns a specific commodity which she can share with others. Unlike in other social dilemma scenarios like prisoners' dilemma, public goods games, etc., voluntary cooperation relies on bilateral exchanges whose profitabilities are interdependent. How will mutual...

This study focuses on the question of neural differences in the evaluation of hypothetical and real payoffs. Hypothetical payoffs are not incentive compatible and are, therefore, not considered to be reliable. Behavioral differences between the evaluation of hypothetical and real payoffs can be...

Power law distributions are very common in natural sciences. We analyze high frequency financial data from XETRA and the NYSE using maximum likelihood estimation and the Kolmogorov–Smirnov statistic to test whether the power law hypothesis holds also for these data. We find that the...