We experimentally test in a developing country whether people prefer a situation where individual and social interests coincide, a situation promoting equality or another one promoting a better relative position. We also investigate whether incentive compatible choices are consistent with...

Reputation mechanisms are mainly based on information sharing by traders about private trading experience. Each trader can therefore rely on his own past experience as a trader and on other traders’ past experience. The former is the direct component of the reputation mechanism and the latter...

People can (to some extent) detect trustworthiness from the facial features of social partners, and populations which underperform at this task are at a greater risk of abuse. Here we focus on situations in which adolescents make a decision whether to trust an unknown adult. Adolescents aged...

This experimental study is concerned with the impact of the timing of the resolution of risk on investment behavior, with a special focus on the role of affect. In a between-subjects design, we observe the impact of a substantial delay of risk resolution (2days) on investment choices. Besides...