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Verified Trust: Reciprocity, Altruism and Noise in Trust Games

Brülhart, Marius; Usunier, Jean-Claude - C.E.P.R. Discussion Papers - 2004

Behavioural economists have come to recognize that reciprocity, the interaction of trust and trustworthiness, is a …

Persistent link: https://www.econbiz.de/10005788946

Falk, Armin; Fehr, Ernst - C.E.P.R. Discussion Papers - 2002

During the last two decades economists have made much progress in understanding incentives, contracts and organizations. Yet, they constrained their attention to a very narrow and empirically questionable view of human motivation. The purpose of this Paper is to show that this narrow view of...

Persistent link: https://www.econbiz.de/10005788870

Motivation and Sorting in Open Source Software Innovation

Belenzon, Sharon; Schankerman, Mark - C.E.P.R. Discussion Papers - 2008

This paper studies the role of intrinsic motivation, reputation and reciprocity in driving open source software … reputation, but less for reciprocity. …

Persistent link: https://www.econbiz.de/10005789146

Consistency in Simple vs. Complex Choices over the Life Cycle

Brocas, Isabelle; Carrillo, Juan D; Combs, T. Dalton; … - C.E.P.R. Discussion Papers - 2015

Employing a variant of GARP, we study consistency in aging by comparing the choices of younger adults (YA) and older adults (OA) in a 'simple', two-good and a `complex' three-good condition. We find that OA perform worse than YA in the complex condition but similar in the simple condition....

Persistent link: https://www.econbiz.de/10011186610

Risk Aversion in a Dynamic Asset Allocation Experiment

Brocas, Isabelle; Carrillo, Juan D; Giga, Aleksandar; … - C.E.P.R. Discussion Papers - 2015

We conduct a controlled laboratory experiment where subjects dynamically choose their portfolio allocation between a safe and a risky asset. We first derive analytically the optimal allocation of an expected utility maximizer with HARA utility function. We then fit the experimental choices to...

Persistent link: https://www.econbiz.de/10011145479

Lab Experiments are a Major Source of Knowledge in the Social Sciences

Falk, Armin; Heckman, James J - C.E.P.R. Discussion Papers - 2010

Laboratory experiments are a widely used methodology for advancing causal knowledge in the physical and life sciences. With the exception of psychology, the adoption of laboratory experiments has been much slower in the social sciences, although during the last two decades, the use of lab...

Persistent link: https://www.econbiz.de/10008468582

A Theory of Fairness, Competition and Cooperation

Fehr, Ernst; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 1998

There is strong evidence that people exploit their bargaining power in competitive markets but not in bilateral bargaining situations. There is also strong evidence that people exploit free-riding opportunities in voluntary cooperation games. Yet, when they are given the opportunity to punish...

Persistent link: https://www.econbiz.de/10005504682

You Owe Me

Malmendier, Ulrike M.; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2012

In many cultures and industries gifts are given in order to influence the recipient, often at the expense of a third party. Examples include business gifts of firms and lobbyists. In a series of experiments, we show that, even without incentive or in-formational effects, small gifts strongly...

Persistent link: https://www.econbiz.de/10011083305

Monitoring and Pay: An Experiment on Employee under Endogenous Supervision

Dittrich, Dennis; Kocher, Martin - C.E.P.R. Discussion Papers - 2006

on the reciprocity of employees. …

Persistent link: https://www.econbiz.de/10005791680

Charitable Giving as a Gift Exchange: Evidence From a Field Experiment

Falk, Armin - C.E.P.R. Discussion Papers - 2004

this Paper is twofold: first, it shows that reciprocity is an important motive for charitable giving, in addition to the … warm-glow motive. Second, the Paper confirms the economic relevance of reciprocity by using field data. This extends the … current body of research on reciprocity, which is almost exclusively confined to laboratory studies. …

Persistent link: https://www.econbiz.de/10005791952