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We use a large and heterogeneous sample of the Danish population to investigate the importance of distributional preferences for behavior in a public good game and a trust game. We find robust evidence for the significant explanatory power of distributional preferences. In fact, compared to...
Persistent link: https://www.econbiz.de/10012009014
This paper studies the evolution of both characteristics of reciprocity - the willingness to reward friendly behavior and the willingness to punish hostile behavior. Firstly, preferences for rewarding as well as preferences for punishing can survive evolution provided individuals interact within...
Persistent link: https://www.econbiz.de/10010440934
Do those who prefer economic freedom behave differently than those who prefer public intervention to perceived problems? Experiments of the Trust Game and Dictator Game are employed to measure an individual's behavior. Additionally, a quiz assessing an individual's preference for private...
Persistent link: https://www.econbiz.de/10013087127
We examine experimentally the impact of communication on trust and cooperation. Our design admits observation of promises, lies, and beliefs. The evidence is consistent with people striving to live up to others' expectations in order to avoid guilt, as can be modeled using psychological game...
Persistent link: https://www.econbiz.de/10014089179
We investigate the role of intentions in two-player two-stage games. For this purpose we systematically vary the set of opportunity sets the first mover can chose from and study how the second mover reacts not only to opportunities of gains but also of losses created by the choice of the first...
Persistent link: https://www.econbiz.de/10011480554
Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus-maximizing quality. While standard theory predicts that equal mark-up prices solve the credence goods problem if customers can verify the quality received, experimental evidence...
Persistent link: https://www.econbiz.de/10010479932
beliefs with the same players and within the same experiment. The current experiment employes a design in which the same …
Persistent link: https://www.econbiz.de/10013029155
between themselves and a group of recipients. The experiment consists of two stages: first, individuals play a standard …
Persistent link: https://www.econbiz.de/10013051139
preference in one experiment and make a point prediction about the contribution to a repeated public good. This allows for a … predicted contributions, because they contribute in the first half of the experiment. We also show that the interaction of …
Persistent link: https://www.econbiz.de/10003261927
preference in one experiment and make a point prediction about the contribution to a repeated public good. This allows for a … predicted contributions, because they contribute in the first half of the experiment. We also show that the interaction of …
Persistent link: https://www.econbiz.de/10012783408