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“A crow,” it has been said, “shouts danger, on seeing a meal, to ward off its fellas”. However, it fails every time. Perhaps, suspicion is hardwired into their minds. A behavior to suspect altruism of a fellow crow earns them a meal. Traveler’s Dilemma, a simple game designed by...
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experiment, we study the endowment effect in lotteries with the same payoffs as the games in the first part. Our findings provide …
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We conducted an experimental study on social preferences using dictator games similar to Fehr et al. (2008). We show that social preferences differ between participants who receive low-stakes monetary rewards for their decisions and participants who consider hypothetical stakes. The results are...
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