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Is the willingness to make trades influenced by how the total gains from trade are split between the trading partners? We present results from a bilateral trade game (n = 128) where all participants were price-takers and trading pairs faced one of three exogenously imposed trading prices. The...
Persistent link: https://www.econbiz.de/10012168600
fairness. The probability of using the different rules is assumed to be stable over games. The estimated parameters imply that …
Persistent link: https://www.econbiz.de/10009752422
Two deviations of alternating-offer bargaining behavior from economic theory are observed together, yet have been studied separately. Players who could secure themselves a large surplus share if bargainers were purely self-interested incompletely exploit their advantage. Delay in agreement...
Persistent link: https://www.econbiz.de/10009754119
one-shot and the infinitely repeated version of the Prisoner’s Dilemma game. We show that fairness concerns operate as a … ”substitute” for time discounting in the infinitely repeated game, as fairness helps sustain cooperation for lower discount … a combination of time and social preferences (fairness). …
Persistent link: https://www.econbiz.de/10009752853
should only be rewarded for factors under their control. This fairness ideal does not hold subjects responsible for factors …
Persistent link: https://www.econbiz.de/10009754116
Can differences in cognitive reflection explain other-regarding behavior? To test this, I use the three-item Cognitive Reflection Task to classify individuals as intuitive or reflective and correlate this measure with choices in three games that each subject participates in. The main sample...
Persistent link: https://www.econbiz.de/10012431890