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Persistent link: https://www.econbiz.de/10011899757
This paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is uncertain than when it is certain. Our design includes three treatments: Baseline in which the one-shot prisoner’s dilemma game is played; Certain Punishment in which the...
Persistent link: https://www.econbiz.de/10011422197
To make predictions with theories, usually we assume an individual's characteristics such as uncertainty preferences to be stable over time. In this paper, we analyze the stability of ambiguity preferences experimentally. We repeatedly elicit ambiguity attitudes towards multiple 3-color Ellsberg...
Persistent link: https://www.econbiz.de/10010207919
Persistent link: https://www.econbiz.de/10003871126
This paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is uncertain than when it is certain. Our design includes three treatments: Baseline in which the one-shot prisoner’s dilemma game is played; Certain Punishment in which the...
Persistent link: https://www.econbiz.de/10003863017
Persistent link: https://www.econbiz.de/10011757004
This paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is uncertain than when it is certain. We compare subjects' behavior in two treatments: Certain Punishment in which the prisoner's dilemma game is followed by a punishment stage...
Persistent link: https://www.econbiz.de/10012707107
Persistent link: https://www.econbiz.de/10012140189