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Can human social cognitive processes and social motives be grasped by the methods of experimental economics? Experimental studies of strategic cognition and social preferences contribute to our understanding of the social aspects of economic decisions making. Yet, papers in this issue argue that...
Persistent link: https://www.econbiz.de/10008775969
This paper outlines a method of procuring the benefits of deception in experiments without actually deceiving subjects, which should be suitable for many experimental economics environments. This is done by a modification of an already standard design, the Random Lottery incentive system, which...
Persistent link: https://www.econbiz.de/10005486926
This paper outlines a method of procuring the benefits of deception in experiments without actually deceiving subjects, which should be suitable for many experimental economics environments. This is done by a modification of an already standard design, the Random Lottery incentive system, which...
Persistent link: https://www.econbiz.de/10008621783
Since homo sapiens is a social animal, one might expect human nature - the set of psychological propensities with which our species is naturally endowed - to equip human beings to live in social groups. In this chapter, we consider the implications of this idea for economics and game theory. We...
Persistent link: https://www.econbiz.de/10005520889
In public goods experiments, stochastic choice, censoring, and motivational heterogeneity allow experimentalists to differ over the extent of unselfishness, and whether it is reciprocal or altruistic. These problems are addressed econometrically by estimating a finite mixture model to isolate...
Persistent link: https://www.econbiz.de/10005453720
Experimental dictator games have been used to explore unselfish behaviour. Evidence is presented here, however, that subjects’ generosity can be reversed by allowing them to take money from a partner. Dictator game giving therefore does not stem from orthodox social preferences. It can be...
Persistent link: https://www.econbiz.de/10005453726
Coordination on focal points in one shot games can often be explained by team reasoning, a departure from individualistic choice theory. However, a less exotic explanation of coordination is also available based on best-responding to uniform randomisation. We test the team reasoning explanation...
Persistent link: https://www.econbiz.de/10011111846
We apply propensity score matching (PSM) to the estimation of household motor fuel purchase quantities, to tackle problems caused by infrequency of purchase. The results are compared to an alternative, regression-based, imputation strategy using the infrequency of purchase model (IPM). Using...
Persistent link: https://www.econbiz.de/10011259134
Persistent link: https://www.econbiz.de/10005068097
Lying to participants offers an experimenter the enticing prospect of making “others' behaviour†a controlled variable, but is eschewed by experimental economists because it may pollute the pool of subjects. This paper proposes and implements a new experimental design, the Conditional...
Persistent link: https://www.econbiz.de/10005678686