Individuals often make decisions that affect groups, yet the propensities of group representatives are not as well understood than those of independent decision makers or deliberating groups. We ask how responsibility for group payoffs − in the absence of group deliberation − affects the...

Experimental research on the credibility of advice in coordination games shows that advice can have considerable influence on players' behavior, even when this advice conflicts with payoff-dominance. A crucial feature of this prior research, however, is that the adviser has no share in the final...

Subjects in economic experiments often behave altruistically. This is interpreted as reflecting a concern for equitable monetary outcomes. We show that a considerable proportion of such fair behavior may not be driven by a desire to implement equitable outcomes. To do so, we first demonstrate a...

The current experiment compares risk preference in choices for self and others. The experimental task is based on Holt & Laury (2002) Multiple Price List paradigm. Participants chose among ten sets of gambles. Their choices affected either themselves or other participants in matched reciprocal...