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Guilt from Promise-Breaking and Trust in Markets for Expert Services - Theory and Experiment

Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - 2010

We examine the influence of guilt and trust on the performance of credence goods markets. An expert can make a promise to a consumer first, whereupon the consumer can express her trust by paying an interaction price before the expert's provision and charging decisions. We argue that the expert's...

Persistent link: https://www.econbiz.de/10010294816

The good, the bad and the naive: Do fair prices signal good types or do they induce good behaviour?

Dulleck, Uwe; Johnston, David; Kerschbamer, Rudolf; … - 2012

Evidence on behavior of experts in credence goods markets raises an important causality issue: Do "fair prices" induce "good behavior", or do "good experts" post "fair prices"? To answer this question we propose and test a model with three seller types: "the good" choose fair prices and behave...

Persistent link: https://www.econbiz.de/10010312241

Sabotage in tournaments: Evidence from a natural experiment

Balafoutas, Loukas; Lindner, Florian; Sutter, Matthias - 2012

Many tournaments are plagued by sabotage among competitors. Typically, sabotage is welfare-reducing, but from an individual's perspective an attractive alternative to exerting positive effort. Yet, given its illegal and often immoral nature, sabotage is typically hidden, making it difficult to...

Persistent link: https://www.econbiz.de/10010294773

An Experimental Investigation of Alternatives to Expected Utility Using Pricing Data

Morone, Andrea; Schmidt, Ulrich - Institut für Volkswirtschaftslehre, … - 2006

Experimental research on decision making under risk has until now always employed choice data in order to evaluate the empirical performance of expected utility and the alternative nonexpected utility theories. The present paper performs a similar analysis which relies on pricing data instead of...

Persistent link: https://www.econbiz.de/10005082826

The roots of cooperation

Bašić, Zvonimir; Bindra, Parampreet Christopher; … - 2021

and indirect reciprocity as well as third-party punishment - emerges earliest as an effective means to increase … of defectors is applied. Children also engage in reciprocating others, showing that reciprocity strategies are already … prevalent at a very young age. However, direct and indirect reciprocity treatments do not increase overall cooperation rates, as …

Persistent link: https://www.econbiz.de/10012614680

Donations, risk attitudes and time preferences: A study on altruism in primary school children

Angerer, Silvia; Glätzle-Rützler, Daniela; … - 2015

We present experimental evidence from a bilingual city in Northern Italy on whether the language spoken by a partner in a prisoner's dilemma game affects behavior and leads to discrimination. Running a framed field experiment with 828 six- to eleven-year old primary school children in the city...

Persistent link: https://www.econbiz.de/10011382719

Donations, risk attitudes and time preferences: A study on a ltruism in primary school children

Angerer, Silvia; Glätzle-Rützler, Daniela; … - 2014

We study in a sample of 1,070 primary school children, aged seven to eleven years, how altruism in a donation experiment is related to children's risk attitudes and intertemporal choices. Examining such a relationship is motivated by theories of reciprocal altruism that provide a cornerstone for...

Persistent link: https://www.econbiz.de/10011382735

Distributional Preferences and Competitive Behavior

Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2011

We study experimentally the relationship between distributional preferences and competitive behavior. We find that spiteful subjects react strongest to competitive pressure and win in a tournament significantly more often than efficiency-minded and inequality averse subjects. However, when given...

Persistent link: https://www.econbiz.de/10010294780

Gender, competition and the efficiency of policy interventions

Balafoutas, Loukas; Sutter, Matthias - 2010

Recent research has shown that women shy away from competition more often than men. We evaluate experimentally three alternative policy interventions to promote women in competitions: Quotas, Preferential Treatment, and Repetition of the Competition unless a critical number of female winners is...

Persistent link: https://www.econbiz.de/10010294806

The development of egalitarianism, altruism, spite and parochialism in childhood and adolescence

Fehr, Ernst; Rützler, Daniela; Sutter, Matthias - 2011

We study how the distribution of other-regarding preferences develops with age. Based on a set of allocation choices, we can classify each of 717 subjects, aged 8 to 17 years, as either egalitarian, altruistic, or spiteful. Varying the allocation recipient as either an ingroup or an out-group...

Persistent link: https://www.econbiz.de/10010294807