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Cognitive Imprecision and Stake-Dependent Risk Attitudes
Khaw, Mel Win; Li, Ziang; Woodford, Michael - 2022
In an experiment that elicits subjects’ willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold …
Persistent link: https://www.econbiz.de/10014077011
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Intelligence, Errors and Strategic Choices in the Repeated Prisoners' Dilemma
Proto, Eugenio - 2020
evolutionary game theory model, where higher IQ among subjects determines - through better working memory - a lower frequency of …
Persistent link: https://www.econbiz.de/10012842383
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Risk, Temptation, and Efficiency in the One-Shot Prisoner's Dilemma
Gächter, Simon; Lee, Kyeongtae; Sefton, Martin; Weber, … - 2021
The prisoner’s dilemma (PD) is arguably the most important model of social dilemmas, but our knowledge about how a PD’s material payoff structure affects cooperation is incomplete. In this paper we investigate the effect of variation in material payoffs on cooperation, focussing on one-shot...
Persistent link: https://www.econbiz.de/10013312072
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Spite vs. Risk : Explaining Overbidding
Kirchkamp, Oliver - 2019
In this paper we use an experiment to compare a theory of risk aversion and a theory of spite as an explanation for …
Persistent link: https://www.econbiz.de/10012870642
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Spite in Litigation
Mill, Wladislaw; Stäbler, Jonathan - 2023
the American and the English fee-shifting rule. We conduct an experiment and find that litigation expenditures and …
Persistent link: https://www.econbiz.de/10014260383
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Reciprocity and emotions when reciprocators know each other
Reuben, Ernesto; van Winden, Frans - 2006
This is an experimental study of a three-player power-to-take game where a take authority is matched with two responders. The game consists of two stages. In the first stage, the take authority decides how much of the endowment of each responder that is left after the second stage will be...
Persistent link: https://www.econbiz.de/10010261421
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Diagnostic Uncertainty and Insurance Coverage in Credence Goods Markets
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2021
framework. We test the model’s predictions in a laboratory experiment. Both in theory and in the experiment diagnostic … uncertainty decreases the rate of efficient service provision and leads to less trade. In theory, insurance also decreases the … net effect on welfare. In the experiment, the net effect of insurance coverage on efficiency turns out to be positive. We …
Persistent link: https://www.econbiz.de/10013314966
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Social Preferences and the Variability of Conditional Cooperation
Baader, Malte; Gächter, Simon; Lee, Kyeongtae; Sefton, … - 2022
We experimentally examine how the incentive to defect in a social dilemma affects conditional cooperation. In our first study we conduct online experiments in which subjects play eight Sequential Prisoner’s Dilemma games with payoffs systematically varied across games. We find that few second...
Persistent link: https://www.econbiz.de/10014077010
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Spite in Litigation
Mill, Wladislaw; Stäbler, Jonathan - 2023
the American and the English fee-shifting rule. We conduct an experiment and find that litigation expenditures and …
Persistent link: https://www.econbiz.de/10014290200
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The Lifecycle of Affirmative Action Policies and Its Effect on Effort and Sabotage Behavior
Chowdhury, Subhasish M.; Danilov, Anastasia; Kocher, … - 2023
disadvantaged group or handicap for the privileged group, affect behavior. We examine these questions in a laboratory experiment in …
Persistent link: https://www.econbiz.de/10014377475