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Large effects of small cues : priming selfish economic decisions

Snir, Avichai; Levy, Dudi; Wang, Dian; Chen, Haipeng; … - 2024 - Revised: April 21, 2024

Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...

Persistent link: https://www.econbiz.de/10014531967

Learning in network games

Kovářík, Jaromír; Mengel, Friederike; Romero, J. Gabriel - In: Quantitative economics : QE ; journal of the … 9 (2018) 1, pp. 85-139

opportunities to identify learning rules, since on networks (compared to, e.g., random matching) more rules differ in terms of their … information they consult before making their choices. We use these data to estimate learning types using finite mixture models … find that learning depends on network position. Participants in more complex environments (with more network neighbors …

Persistent link: https://www.econbiz.de/10011884406

Paradoxes Versus Formalism in Economics. Evidence from the Early Years of Game Theory and Experimental Economics

Innocenti, Alessandro - 2004

This paper argues that the acceptance of two recent methodological advances in economics, namely game theory and laboratory experimentation, was affected by the history dependence constraining the formalization of economics. After an early period in which the two methods were coolly received by...

Persistent link: https://www.econbiz.de/10014070141

How to Act Knowing How Others Acted in the Same Circumstances : Some Experimental Evidence from the Ultimatum Game

Fajfar, Pablo Francisco - 2006

Contemporary works, such as Lusk & Hudson's (2004), find that the greater knowledge regarding the possible results of the ultimatum game lead to results closer to the subgame perfect equilibrium. In this paper we seek to further this line of research beyond the fact of making the individuals...

Persistent link: https://www.econbiz.de/10014026883

Social Norms, Solidarity and Coordination in the Ultimatum Game

Fajfar, Pablo Francisco - 2009

Social norms in ultimatum's game establish that extremely unequal offers lead to an inevitable failure. However, even under the obedience of the norm and far from Nash Equilibrium, negotiated wealth is traditionally favorable for proposers when information given is temporally incomplete. In our...

Persistent link: https://www.econbiz.de/10014209875

Norm Manipulation, Norm Evasion : Experimental Evidence

Bicchieri, Cristina; Chavez, Alex K. - 2012

Using an economic bargaining game, we tested for the existence of two phenomena related to social norms, namely norm manipulation – the selection of an interpretation of the norm that best suits an individual – and norm evasion – the deliberate, private violation of a social norm. We found...

Persistent link: https://www.econbiz.de/10014164498

Third-Party Sanctioning and Compensation Behavior : Findings from the Ultimatum Game

Chavez, Alex K.; Bicchieri, Cristina - 2012

We measured the beliefs and behavior of third parties who were given the opportunity to add to or deduct from the payoffs of individuals who engaged in an economic bargaining game under different social contexts. Third parties rewarded bargaining outcomes that were equal and compensated victims...

Persistent link: https://www.econbiz.de/10014164499

Hybrid collusion : algorithmic pricing in human-computer laboratory markets

Normann, Hans-Theo; Sternberg, Martin - 2021

We investigate collusive pricing in laboratory markets when human players interact with an algorithm. We compare the degree of (tacit) collusion when exclusively humans interact to the case of one firm in the market delegating its decisions to an algorithm. We further vary whether participants...

Persistent link: https://www.econbiz.de/10012509134

The Power of Moral Words : Loaded Language Generates Framing Effects in the Extreme Dictator Game

Capraro, Valerio; Vanzo, Andrea - 2019

Understanding whether preferences are sensitive to the frame has been a major topic of debate in the last decades. For example, several works have explored whether the dictator game in the give frame gives rise to a different rate of pro-sociality than the same game in the take frame, leading to...

Persistent link: https://www.econbiz.de/10014113704

On Some Geometry and Equivalence Classes of Normal Form Games

Germano, Fabrizio - 2003

Equivalence classes of normal form games are defined using the geometry of correspondences of standard equilibiurm concepts like correlated, Nash, and robust equilibrium or risk dominance and rationalizability. Resulting equivalence classes are fully characterized and compared across different...

Persistent link: https://www.econbiz.de/10014076132