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Learning in Tournaments with Inter-Generational Advice

Chaudhuri, Ananish; Sopher, Barry; Schotter, Andrew - In: Economics Bulletin 3 (2006) 26, pp. 1-16

) receive advice from that predecessor via free-form messages that generation t players leave for their generation t+1 … successors. We find that the presence of advice makes a difference in that the experimental groups who get advice perform better … with no recourse to such advice. …

Persistent link: https://www.econbiz.de/10005196499

Peer advice in a tax-evasion experiment

Wakolbinger, Florian; Haigner, Stefan Daniel - In: Economics Bulletin 29 (2009) 3, pp. 1653-1669

We examine peer effects in a tax-evasion experiment where subjects receive either advice or compliance data from …. Receiving advice or compliance data from the pool of low-compliance participants yields the lowest compliance rates. We show … that advice has a slightly bigger impact than observing the compliance of others and that subjects focus on payoff …

Persistent link: https://www.econbiz.de/10008563050

Performance Pay, Group Selection andGroup Performance

Königstein, Manfred; Ruchala, Gabriele K. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

Within a laboratory experiment we investigate a principal-agent game in which agents may,first, self-select into a group task (GT) or an individual task (IT) and, second, choose workeffort. In their choices of task and effort the agents have to consider pay contracts for bothtasks as offered by...

Persistent link: https://www.econbiz.de/10005863219

Impulse Balance Equilibrium and Feedback in First Price Auctions

Ockenfels, Axel; Selten, Reinhard - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002

Experimental sealed bid first price auctions with private values in which feedback onthe losing bids is provided yield lower revenues than auctions where this feedback isnot given. Furthermore, bids tend to be above the equilibrium predictions for riskneutral bidders. While the latter...

Persistent link: https://www.econbiz.de/10005867077

Sick Pay Provision in ExperimentalLabor Markets

Dürsch, Peter; Oechssler, Jörg; Vadovic, Radovan - Alfred-Weber-Institut für Sozial- und … - 2008

Sick pay is a common provision in most labor contracts. This paperemploys an experimental gift-exchange environment to explore two relatedquestions using both managers and undergraduates as subjects.First, do workers reciprocate generous sick pay with higher effort? Second,do firms benefit from...

Persistent link: https://www.econbiz.de/10005868390

Agent-based computational economics and African modeling:perspectives and challenges

Nwaobi, Godwin - 2011

In recent years, the government, of African Countries has assumed major responsibilities for economic reforms and growth. In attempting to describe their economies, economists (policymakers) in many African Countries have applied certain models that are by now widely known: Linear programming...

Persistent link: https://www.econbiz.de/10015229769

Social risk and ambiguity in the trust game

Fairley, Kim; Sanfey, Alan; Vyrastekova, Jana; Weitzel, Utz - 2012

Despite intensive research there is no clear evidence for a link between lottery risk preferences and risk involved in trusting others. We argue that this is partially due to a misalignment of the underlying sources of risk. Trusting is giving up control to a human source of risk while lottery...

Persistent link: https://www.econbiz.de/10015234419

Distrust - The Hidden Cost of Control

Falk, Armin; Kosfeld, Michael - 2004

This paper shows that a principal's distrust in the voluntary performanceof an agent has a negative impact on the agent's motivation to perform well.

Persistent link: https://www.econbiz.de/10005846372

The Behavioral Mechanisms of Voluntary Cooperation across Culturally Diverse Societies: Evidence from the US, the UK, Morocco, and Turkey

Weber, Till O.; Schulz, Jonathan F.; Beranek, Benjamin; … - 2023

We examine the role of cooperative preferences, beliefs, and punishments to uncover potential cross-societal differences in voluntary cooperation. Using one-shot public goods experiments in four comparable subject pools from the US and the UK (two similar Western societies) and Morocco and...

Persistent link: https://www.econbiz.de/10014377318

Mandatory Sick Pay Provision: A Labor Market Experiment

Bauernschuster, Stefan; Dürsch, Peter; Oechssler, Jörg; … - Universität <Jena> / Wirtschaftswissenschaftliche Fakultät; … - 2009

Sick-pay is a common provision in labor contracts. It insures workersagainst a sudden loss of income due to unexpected absences andhelps them smooth consumption. Therefore, many governments findsick-pay socially desirable and choose to mandate its provision. Butsick-pay is not without its...

Persistent link: https://www.econbiz.de/10009248999