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). In this paper we address this question by using a measure of costly cooperation elicited in a laboratory experiment to … laboratory experiments with 645 subjects at a trucker training program in the Midwestern US. The experiment use a version of the … prisoner's dilemma game to measure subjects' preferences for cooperation. The authors observe the same subjects on the job for …
Persistent link: https://www.econbiz.de/10011434284
We experimentally investigate behavior and beliefs in a sequential prisoner's dilemma. Each subject had to choose an action as first-mover and a conditional action as second-mover. All subjects also had to state their beliefs about others' second-mover choices. We find that subjects' beliefs...
Persistent link: https://www.econbiz.de/10011611150
We measure a specific form of other-regarding behavior, costly cooperation with an anonymous other, among 645 subjects … of costly cooperation towards an anonymous other in a setting that does not admit of repeated-game or reputation …-effect explanations. We find that individual differences in costly cooperation observed in the lab do predict individual differences in …
Persistent link: https://www.econbiz.de/10011453418
The storable votes mechanism is a method of voting for committees that meet periodically to consider a series of binary decisions. Each member is allocated a fixed budget of votes to be cast as desired over the multiple decisions. Voters are induced to spend more votes on those decisions that...
Persistent link: https://www.econbiz.de/10014075154
Persistent link: https://www.econbiz.de/10012152188
This paper develops a generalized hedonic model in which an exogenous shock to a single product attribute can affect other attributes, the markets for the product's complements and substitutes, and aggregate quantity produced. These factors are shown to be empirically relevant and to cause bias...
Persistent link: https://www.econbiz.de/10009787341
Individuals exhibit a randomization preference if they prefer random mixtures of two bets to each of the involved bets. Such preferences provide the foundation of various models of uncertainty aversion. However, it has to our knowledge not been empirically investigated whether uncertainty-averse...
Persistent link: https://www.econbiz.de/10003916450
We investigate to what extent genuine social preferences can explain observed other-regarding behavior. In a social dilemma situation (a dictator game variant), people can choose whether to learn about the consequences of their choice for the receiver. We find that a majority of the people that...
Persistent link: https://www.econbiz.de/10014220835
economics today. This study conducts a field experiment in fish markets of Kolkata, India that are prone to widespread cheating … from cheating, the experiment uncovers an inverted U-shaped relationship between the fish price and the amount cheated. The …
Persistent link: https://www.econbiz.de/10012999860
In the past several decades the experimental method has lent deep insights into economics. One perhaps surprising area that has contributed is the experimental study of children, where advances as varied as the evolution of human behaviors that shape markets and institutions, to how early life...
Persistent link: https://www.econbiz.de/10013226494