This paper addresses the role of affect and emotions in shaping the behavior of responders in the ultimatum game. A huge amount of research shows that players do not behave in an economically rational way in the ultimatum game, and emotional mechanisms have been proposed as a possible...

This paper reports on the results of three experiments based on the neoclassical theory of consumer behavior. All these experiments were carried out with the aim of simulating real-world behavior. Nonparametric tests, applying the theory of revealed preference, show that a significant number of...

We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice. Using a variety of measures, we find that the active choices...