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Falk, Armin; Fischbacher, Urs - 2001

This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...

Persistent link: https://www.econbiz.de/10011398368

Social preferences, beliefs, and the dynamics of free riding in public good experiments

Fischbacher, Urs; Gaechter, Simon - 2008

We provide a test of the role of social preferences and beliefs in voluntary cooperation and its decline. We elicit individuals' cooperation preferences in one experiment and use them as well as subjects' elicited beliefs to explain contributions to a public good played repeatedly. We find...

Persistent link: https://www.econbiz.de/10003803507

Giving in the face of risk

Cettolin, Elena; Riedl, Arno; Tran, Giang - 2016

The decision how to share resources with others often needs to be taken under uncertainty on its allocational consequences. Although risk preferences are likely important, existing research is silent about how social and risk preferences interact in such situations. In this paper we provide...

Persistent link: https://www.econbiz.de/10011565561

Preferences for redistribution and pensions : what can we learn from experiments?

Tausch, Franziska; Potters, Jan; Riedl, Arno - 2010

Redistribution is an inevitable feature of collective pension schemes and economic experiments have revealed that most people have a preference for redistribution that is not merely inspired by self-interest. Interestingly, little is known on how these preferences interact with preferences for...

Persistent link: https://www.econbiz.de/10008653416

Directed generosity and network formation : network dimension matters

D'Exelle, Ben; Riedl, Arno - 2010

We explore network effects on generosity for different network dimensions. To this end we elicit multiple network dimensions (friendship, social support, economic exchange, etc.) in a rural village in the Southern hemisphere and measure generosity with a sequence of dictator games conducted in...

Persistent link: https://www.econbiz.de/10008806684

Appropriating the commons : a theoretical explanation

Falk, Armin; Fehr, Ernst; Fischbacher, Urs - 2001

In this paper we show that a simple model of fairness preferences explains major experimental regularities of common pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without sanctioning possibilities inefficient excess appropriation is...

Persistent link: https://www.econbiz.de/10011398786

Justice under uncertainty

Cettolin, Elena; Riedl, Arno - 2013

An important element for the public support of policies is their perceived justice. At the same time most policy choices have uncertain outcomes. We report the results of a first experiment investigating just allocations of resources when some recipients are exposed to uncertainty. Although,...

Persistent link: https://www.econbiz.de/10009766681

Social preferences and portfolio choice

Riedl, Arno; Smeets, Paul - 2013

This paper explores whether social preferences influence portfolio choices of retail investors. We use administrative investor trading records which we link to decisions of the same investors in experiments with real money at stake. We show that social preferences rather than return expectations...

Persistent link: https://www.econbiz.de/10010189840

Procedurally fair collective provision : its requirements and experimental functionality

Güth, Werner; Kliemt, Hartmut; Koukoumelis, Anastasios; … - 2013

This paper derives and justifies a procedurally fair bidding mechanism and reviews experiments that apply the mechanism to public projects provision. In the experiments, not all parties benefit from provision, and the projects ́costs can be negative. The experimental results indicate that the...

Persistent link: https://www.econbiz.de/10010223369

A nation-wide laboratory : examining trust and trustworthiness by integrating behavioral experiments into representative survey

Fehr, Ernst; Fischbacher, Urs; Rosenbladt, Bernhard von; … - 2003

the power of our approach with the analysis of trust and trustworthiness in Germany bycombining representative survey data … people s trust correlate well with behaviorally exhibited trust in the experiment. People above the age of 65, highly skilled … the Social Democratic Party or the Christian Democratic Party exhibit more trust. People above the age of 65 and those in …

Persistent link: https://www.econbiz.de/10011402471