Showing 1 - 10 of 2,479
We report and analyze the results of a series of classroom experiments on the voluntary provision of public goods. Using fixed effect panel regression models we find that cooperation significantly increases when participants are forced to guess the degree of overall cooperation. We also find...
Persistent link: https://www.econbiz.de/10010507016
An adapted version of ”the trust game with revenge” is applied to a Swedish setting. Senders - the first-movers - can keep an endowment of SEK 30, or give fractions or all to an unknown receiver. Donations are multiplied by five before reaching receivers, who may, or may not, send back part...
Persistent link: https://www.econbiz.de/10013110984
Many papers have reported behavioral biases in belief formation that come on top of standard game-theoretic reasoning. We show that the processes involved depend on the way participants reason about their beliefs. When they think about what everybody else or another "unspeci fied" individual is...
Persistent link: https://www.econbiz.de/10012308290
Belief elicitation is important in many different felds of economic research. We show that how a researcher elicits such beliefs-in particular, whether the belief is about the participant's opponent, an unrelated other, or the population of others-affects the processes involved in the formation...
Persistent link: https://www.econbiz.de/10013341662
We present a model for the alpha-beauty contest that explains common patterns in experimental data of one-shot and iterative games. The approach is based on two basic assumptions. First, players iteratively update their recent guesses. Second, players estimate intervals rather than exact numbers...
Persistent link: https://www.econbiz.de/10014073153
theory (EH). In EH, we retained the rationality principle but modified the players' utilities by defining them as functions …, without violating the rationality principle nor adding free parameters, indicate that the role of benevolent sentiments in …
Persistent link: https://www.econbiz.de/10013252726
This essay links some of my own work on expectations, learning and bounded rationality to the inspiring ideas of Jean …-Michel Grandmont. In particular, my work on consistent expectations and behavioral learning equilibria may be seen as formalizations of …
Persistent link: https://www.econbiz.de/10011590425
This paper experimentally investigates how monetary incentives and emotions influence behaviour in a two-player power-to-take game. In this game, one player can claim any part of the other's endowment (take rate), and the second player can respond by destroying his or her own endowment. We focus...
Persistent link: https://www.econbiz.de/10011452814
nothing) or the highest level of punishment (destroyeverything). (4) Expectations have a significant effect on the …
Persistent link: https://www.econbiz.de/10011301155
disappointing promisees' expectations, regardless of whether those expectations were induced by a promise (expectations per se … effect). Third, they are even more motivated to avoid disappointing promisees' expectations when those expectations were …
Persistent link: https://www.econbiz.de/10011581987