Showing 1 - 10 of 382
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
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
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
competition experiment. The two experiments use the same methods and subject pool, and examine games randomly selected from the … and the other on predicting the choices of the second mover. The competitions are based on an estimation experiment and a … same distribution. The current introductory paper presents the results of the estimation experiment, and clarifies the …
Persistent link: https://www.econbiz.de/10009752422
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
We report an experiment designed to study bargaining behavior between one buyer and multiple sellers with … complementarity and how it is influenced by fairness concern and information transparency. We base our setup on a structured … value of the deal approximately half-half with the buyer as a normative fairness benchmark. The buyers, on the other hand …
Persistent link: https://www.econbiz.de/10015073214
explained by avoiding cognitive dissonance as in Konow (2000). Our experiment’s choice data is in line with this approach. In …
Persistent link: https://www.econbiz.de/10009752432
Persistent link: https://www.econbiz.de/10012649172
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
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/10012227801