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I want to know:Willingness to pay for unconditional veto power

Gehrig, Thomas; Güth, Werner; Levinsky, Rene; Uske, Tobias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

In the Yes/No game, like in the ultimatum game, proposer and respondercan share a monetary reward. In both games the proposer suggests a rewarddistribution which the responder can accept or reject (yielding 0-payoffs). Thegames only differ in that the responder does (not) learn the suggested...

Persistent link: https://www.econbiz.de/10005866695

Bargaining Outside the Lab –A Newspaper Experiment of a Three-Person Ultimatum Game

Güth, Werner; Schmidt, Carsten; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2005

In a large scale newspaper experiment 5,132 readers of the German weekly, Die Zeit, participated in a three-person bargaining game. In our data analysis we focus on (1) the influence of age, gender, profession and the medium chosen for participation on bargaining behavior and on (2) the external...

Persistent link: https://www.econbiz.de/10005867078

Causes, consequences, and cures of myopic loss aversion –An experimental investigation

Fellner, Gerlinde; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008

We examine in an experiment the causes, consequences and possible cures ofmyopic loss aversion (MLA) for investment behaviour under risk. We find thatboth, investment horizons and feedback frequency contribute almost equally tothe effects of MLA. Longer investment horizons and less frequent...

Persistent link: https://www.econbiz.de/10005866463

A Note on Skewness Seeking:An Experimental Analysis

Brünner, Tobias; Levinsky, Rene; Qiu, Jianying - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

In this paper we experimentally test skewness seeking at the individuallevel. Several prospects that can be ordered with respect to the third-degreestochastic dominance (3SD) criterion are ranked by the participants of theexperiment. We find that the skewness of a distribution has a...

Persistent link: https://www.econbiz.de/10005866533

Individual or team decision-making –Causes and consequences of self-selection

Kocher, Martin; Strauß, Sabine; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

Even though decision-making in small teams is pervasive in business and in private life, littleis known about subjects’ preferences with respect to individual and team decision-making andabout the consequences of respecting these preferences. We report the results from anexperimental...

Persistent link: https://www.econbiz.de/10005866770

The Decision Maker Matters: Individual versus Group Behaviour in Experimental Beauty-Contest Games

Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

Economics has devoted little attention so far as to whether the type of decision maker matters for economic decisions. However, many important decisions like those on monetary policy or a company’s business strategy are made by (small) groups rather than an individual. We compare behaviour of...

Persistent link: https://www.econbiz.de/10005866848

Time is money –Time pressure, incentives, and the quality of decision-making

Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

Many decisions in economics and finance have to be made under severe time pressure. Furthermore, payoffs frequently depend on the speed of decision-making, like, for instance, when buying and selling stocks. In this paper, we examine the influence of time pressure and time-dependent incentive...

Persistent link: https://www.econbiz.de/10005866854

Age and the development of trust and reciprocity

Sutter, Matthias; Kocher, Martin G. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

We examine the degree of trust and reciprocity in an experimental trust game with 662 participants from six different … and reciprocity have been identified as fundamental pillars for smooth and efficient economic interactions, economic …. Reciprocity prevails in all age groups, although its degree also seems to increase with age. …

Persistent link: https://www.econbiz.de/10005866861

The excess burden of tax evasion - An experimental detection-concealment contest

Bayer, Ralph-C.; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

We present an experimental study on the wasted resources associated with tax evasion. The waste arises from taxpayers and tax authorities, investing costly effort in concealment, respectively detect ion, of tax evasion. We show that (socially ineffcient) efforts depend positively on the...

Persistent link: https://www.econbiz.de/10005866877

Experimental evidence of the importance of gender pairing in bargaining

Sutter, Matthias; Bosman, Ronald; Kocher, Martin; van … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

We study the influence of gender on economic decision making in a two-person bargaining game. By testing hypotheses derived from evolutionary psychology and social role theory, we find that (1) gender per se has no significant effect on behavior, whereas (2) gender pairing systematically affects...

Persistent link: https://www.econbiz.de/10005866879