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Persistent link: https://www.econbiz.de/10008658544
work in economics and social psychology; and (ii) gives rise to a clean experimental test design that discriminates between … test yields a two-dimensional index of preference intensity. …
Persistent link: https://www.econbiz.de/10010191920
Persistent link: https://www.econbiz.de/10009544512
majority voting on redistribution? Fairness preferences are relevant for redistribution outcomes only if fair-minded voters are … pivotal. Pivotality, in turn, depends on the structure of income classes. We experimentally study voting on redistribution … to matter if the "rich" are in majority. With a "poor" majority, we find that redistribution outcomes look as if all …
Persistent link: https://www.econbiz.de/10009737527
We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naive advice outperform uninformed subjects permanently, whereas...
Persistent link: https://www.econbiz.de/10009728176
While most papers on team decision-making find that teams behave more selfishly, less trustingly and less altruistically than individuals, Cason and Mui (1997) report that teams are more altruistic than individuals in a dictator game. Using a within-subjects design we re-examine group...
Persistent link: https://www.econbiz.de/10009731154
The financial industry has been struggling with widespread misconduct and public mistrust. Here we argue that the lack of trust into the financial industry may stem from the selection of subjects with little, if any, trustworthiness into the financial industry. We identify the social preferences...
Persistent link: https://www.econbiz.de/10012257142
While headline news frequently report cases of large-scale fraud, corruption, and other immoral behavior, laboratory experiments often show prosocial behavior in strategic games. To reconcile and explain these seemingly conflicting observations, Al'os-Ferrer et al. (2022) introduced the Big...
Persistent link: https://www.econbiz.de/10014507161
This experimental study investigates two bargaining games with twosided incomplete information between a seller and a buyer. In the first game with no outside options many subjects do not use the incomplete information to their advantage as predicted. We find that a model with adjusting priors...
Persistent link: https://www.econbiz.de/10009737082
We study the influence of gender and gender pairing on economic decision making in an experimental two-person bargaining game where the other party's gender is known to both actors. We find that (1) gender per se has no significant effect on behavior, whereas (2) gender pairing systematically...
Persistent link: https://www.econbiz.de/10009733218