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We examine experimentally the impact of communication on trust and cooperation. Our design admits observation of …
Persistent link: https://www.econbiz.de/10014089179
We analyze the effects of introducing asymmetric information and expectations in the investment game (Berg et al., 1995). In our experiment, only the trustee knows the size of the surplus. Subjects' expectations about each other's behavior are also elicited. (...)
Persistent link: https://www.econbiz.de/10005845178
For the trust game, recent models of belief-dependent motivations make opposite predictions regarding the correlation …
Persistent link: https://www.econbiz.de/10011480420
Many economic interactions rely on trust, which is sometimes violated. The fallout from business fraud and other … malfeasance shows serious economic consequences of trust violations. Simple rules mandating minimum standards are attractive … because they prevent the most egregious trust violations. However, such rules may undermine more trusting and reciprocal …
Persistent link: https://www.econbiz.de/10012975782
definitions of trust and trustworthiness based on revealed willingness to accept vulnerability and the response to it. …
Persistent link: https://www.econbiz.de/10010406346
? Experiments of the Trust Game and Dictator Game are employed to measure an individual's behavior. Additionally, a quiz assessing …
Persistent link: https://www.econbiz.de/10013087127
We introduce opportunities for pre-play communication and to enter binding or non-binding contracts in trust games, and …
Persistent link: https://www.econbiz.de/10010318895
This paper studies the role of autonomy and reciprocity in explaining control averse responses in principal-agents interactions. While most of the social psychology literature emphasizes the role of autonomy, recent economic research has provided an alternative explanation based on reciprocity....
Persistent link: https://www.econbiz.de/10011308435
This paper proposes a novel explanation for the context dependency of individual choices in two-player games. Context dependency refers to the well-established phenomenon that a player, when choosing from a given opportunity set created by the other player's strategy, chooses differently in...
Persistent link: https://www.econbiz.de/10010350219
Psychological game theory can help provide a rational choice explanation of framing effects; frames influence beliefs, beliefs influence motivations. We explain this theoretically, and explore the empirical relevance experimentally. In a 2×2 design of one-shot public good games we show that...
Persistent link: https://www.econbiz.de/10010265677