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Persistent link: https://www.econbiz.de/10003970104
Game harmony describes how harmonious (non-conflictual) or disharmonious (conflictual) the interests of players are in a game, as embodied in the game’s raw payoffs. It departs from the traditional game-theoretic approach in that it is a non-equilibrium behavioral approach which can be...
Persistent link: https://www.econbiz.de/10014046616
The underlying motivations for envy or related social preferences and their impact on agricultural innovations are examined by combining data from money burning experimental game and household survey from Ethiopia. In the first stage of the money burning experimental game, income inequality is...
Persistent link: https://www.econbiz.de/10013038153
This paper examines the impact of envy or related social preferences on agricultural innovation in Ethiopia by combining experimental and household survey data. In the first stage of a money burning game, income inequality is induced by providing differential endowments and enabling subjects to...
Persistent link: https://www.econbiz.de/10013038748
Trust responsiveness is the tendency to fulfill trust because you believe that it has been placed on you. The experiment presented in this paper uses two simple trust games to measure directly or indirectly the robustness of trust responsiveness in three conditions: When beliefs are elicited and...
Persistent link: https://www.econbiz.de/10014090419
Economists traditionally model choice as the maximization of a stable utility function. A simple way of modeling envy (though not the only one) is by adding a term which is a negative function of the consumption of the other agent(s) in one's own utility function. This paper briefly reviews some...
Persistent link: https://www.econbiz.de/10014050255
Persistent link: https://www.econbiz.de/10013542100
We propose a triple test to evaluate the usefulness of behavioral economics models for public health policy. Test 1 is whether the model provides reasonably new insights. Test 2 is on whether these have been properly applied to policy settings. Test 3 is whether they are corroborated by...
Persistent link: https://www.econbiz.de/10014149244
We run an experiment in Ethiopia where farmers can use their own money to decrease the money of others (money burning). The data support the prediction from an inequality aversion model based on absolute income differences; but there is no support for an inequality aversion model based on...
Persistent link: https://www.econbiz.de/10014131778
The conjunction fallacy is an anomaly in human reasoning for which the conjunction of two events is rated more likely to occur than one of the events alone. In the context of decision under uncertainty, this violates the monotonicity axiom of probability, and consequentially also Bayes' Rule and...
Persistent link: https://www.econbiz.de/10014141332