Duersch, Peter; Servátka, Maros - Alfred-Weber-Institut für Wirtschaftswissenschaften, … - 2007
We conduct a prisoner’s dilemma experiment with a punishment/reward stage, where punishments and rewards are risky … outcomes. Additionally, we measure risk attitude and the emotions of subjects. While we find a strong influence of emotions …, individual risk aversion has no effect on the decision to punish or reward. This is good news for lab experiments who abstract …