Showing 1 - 10 of 1,361
Persistent link: https://www.econbiz.de/10001751550
In most games, for equilibrium to result, players need to forecast the equilibrium strategies of others. We elicit forecasts of outcomes in a series of hawk-dove (aka chicken) games played by other players. We ask whether these forecasts are consistent with any correlated equilibrium of a class...
Persistent link: https://www.econbiz.de/10014079715
In reciprocal interactions, both genuine kindness and self-interested material gain may motivate socially beneficial actions. The paper presents results from two experiments that distinguish the role of perceived motives in reciprocal decision making from the role of outcomes or perceived...
Persistent link: https://www.econbiz.de/10012954733
In many economic contexts, an elusive variable of interest is the agent's expectation about relevant events, e.g. about other agents' behavior. Recent experimental studies as well as surveys have asked participants to state their beliefs explicitly, but little is known about the causal relation...
Persistent link: https://www.econbiz.de/10013148347
We propose that there are three determinants of sender behavior in trust games: Beliefs re-garding the amounts returned, risk aversion, and reciprocity. Particularly, we are interested in the role of reciprocity because the possibility of negative expected reciprocal utility may lead to...
Persistent link: https://www.econbiz.de/10013056469
We explain contributions in public goods games with the help of the reciprocity model of Dufwenberg and Kirchsteiger (2004) by applying some plausible modifications: Most importantly, we assume that subjects overestimate the kindness of their group members. In combination with the finding that...
Persistent link: https://www.econbiz.de/10013064567
In an investment game where dollar-defined self-interest would predict the absence of both trust and reciprocity, experimental evidence to date is to the contrary. In this paper, we develop and implement an experimental design that allows for belief elicitation in the investment game. We explore...
Persistent link: https://www.econbiz.de/10012925032
In many economic contexts, an elusive variable of interest is the agent's expectation about relevant events, e.g. about other agents' behavior. Recent experimental studies as well as surveys have asked participants to state their beliefs explicitly, but little is known about the causal relation...
Persistent link: https://www.econbiz.de/10003930945
In many economic contexts, an elusive variable of interest is the agent's expectation about relevant events, e.g. about other agents' behavior. Recent experimental studies as well as surveys have asked participants to state their beliefs explicitly, but little is known about the causal relation...
Persistent link: https://www.econbiz.de/10003935173
With the help of a simple model, we show that the hindsight bias can lead to inefficient delegation decisions. This prediction is tested experimentally. In an online experiment that was conducted during the FIFA World Cup 2010 participants were asked to predict a number of outcomes of the...
Persistent link: https://www.econbiz.de/10009724690