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dictator game, the ultimatum game and the trust game. All subjects in a session earn the same participation fee, but their … split of the waiting time. In the trust game, there is substantial trust and reciprocity. Overall, social preferences are … evident in time allocation decisions. Received laboratory results from dictator, ultimatum, and trust games are robust to the …
Persistent link: https://www.econbiz.de/10011090374
The processes by which culture influences economic variables need to be exposed in order for the concept to be a useful tool for prediction and policy formulation. We investigate the attitudes and experimental behaviour of Malaysian and UK subjects to shed light on the nature of culture and the...
Persistent link: https://www.econbiz.de/10010552273
The processes by which culture influences economic variables need to be exposed in order for the concept to be a useful tool for prediction and policy formulation. We investigate the attitudes and experimental behaviour of Malaysian and UK subjects to shed light on the nature of culture and the...
Persistent link: https://www.econbiz.de/10005150910
One of the long-standing puzzles in economics is why wages do not fall sufficiently in recessions so as to avoid increases in unemployment. Put differently, if the competitive market wage declines, why don't employers simply force their employees to accept lower wages as well? As an alternative...
Persistent link: https://www.econbiz.de/10011090402
We combine the choice data of proposers and responders in the ultimatum game, their expectations elicited in the form of subjective probability questions, and the choice data of proposers ("dictator") in a dictator game to estimate a structural model of decision making under uncertainty.We use a...
Persistent link: https://www.econbiz.de/10011092479