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Bašić, Zvonimir; Bindra, Parampreet Christopher; … - 2021 - This version: 10 June 2021

and indirect reciprocity as well as third-party punishment - emerges earliest as an effective means to increase … cooperation in a repeated prisoner's dilemma game. We find that third-party punishment exhibits a strikingly positive effect on … cooperation rates by doubling them in comparison to a control condition. It promotes cooperative behavior even before punishment …

Persistent link: https://www.econbiz.de/10012591195

Screening experts' distributional preferences

Erharter, Dominik - 2013

We study optimal direct mechanisms for a credence goods expert who can be altruistic or spiteful. The expert has private information about her distributional preferences and possibly also about her customer's needs. We introduce a method that allows the customer to offer separate contracts to...

Persistent link: https://www.econbiz.de/10010193284

When do fiscal consolidations lead to consumption booms? : lessons from a laboratory experiment

Geiger, Martin; Luhan, Wolfgang J.; Scharler, Johann - 2015

According to the expectations channel, a fiscal consolidation may give rise to less contractionary, or even … design a laboratory experiment to study the conditions under which the expectations channel operates. Our results indicate … consumption, which supports the expectations channel. We also find that the expectations channel is more pronounced if the fiscal …

Persistent link: https://www.econbiz.de/10010509128

Ostracism and theft in heterogeneous groups

Baier, Alexandra; Balafoutas, Loukas; Jaber-Lopez, Tarek - 2021 - This version: 22.06.2021

Ostracism, or exclusion by peers, has been practiced since ancient times as a severe form of punishment against … form of punishment and decreases theft by excluded members once they are re-admitted into the group. However, it also leads …

Persistent link: https://www.econbiz.de/10012591202

Bubble or no bubble : the impact of market model on the formation of price bubbles in experimental asset markets

Kirchler, Michael; Huber, Jürgen; Stöckl, Thomas - 2009

Persistent link: https://www.econbiz.de/10008657585

Bubble or no bubble : the impact of market model on the formation of price bubbles in experimental asset markets

Kirchler, Michael; Huber, Jürgen; Stöckl, Thomas - 2009

For the past two decades a market model introduced by Smith, Suchanek, and Williams (1988, henceforth SSW) has dominated experimental research on financial markets. In SSW the fundamental value of the traded asset is determined by the expected value of a finite stream of dividend payments. This...

Persistent link: https://www.econbiz.de/10009736637

The determinants of managerial decisions under risk

Kocher, Martin; Pogrebna, Ganna; Sutter, Matthias - 2008

In hierarchical organizations the role of a team leader often requires making decisions which do not necessarily coincide with the majority opinion of the team. However, these decisions are final and binding for all team members. We study experimentally why, and under which conditions, leaders...

Persistent link: https://www.econbiz.de/10009731792

The determinants of managerial decisions under risk

Kocher, Martin; Pogrebna, Ganna; Sutter, Matthias - 2008

Persistent link: https://www.econbiz.de/10003738425

No need for more time : intertemporal allocation decisions under time pressure

Lindner, Florian; Rose, Julia - 2016

Time preferences drive decisions in many economic situations, such as investment contexts or salary negotiations. These situations are characterized by a very short time frame for decision making. Preferences are potentially susceptible to the confounding effects of time pressure, as proposed by...

Persistent link: https://www.econbiz.de/10011523286

Active and passive risk-taking

König-Kersting, Christian; Lohse, Johannes; Merkel, Anna - 2020

Does risk-taking depend on whether risks result from an action (active risk-taking) or from not taking action (passive risk-taking)? Economic studies of risk mostly focus on active risk-taking, even though in many everyday decisions, risks result from remaining passive. It is unclear whether...

Persistent link: https://www.econbiz.de/10012203407