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We introduce opportunities for pre-play communication and to enter binding or non-binding contracts in trust games, and find (a) communication increases trusting and trustworthiness, (b) contracts are unnecessary for trusting and trustworthy behaviors and are eschewed by many players, (c) more...
Persistent link: https://www.econbiz.de/10010318895
We let subjects interact with anonymous partners in trust (investment) games with and without one of two kinds of pre-play communication: numerical (tabular) only, and verbal and numerical. We find that either kind of pre-play communication increases trusting, trustworthiness, or both, in...
Persistent link: https://www.econbiz.de/10010318961
In this essay, we argue that there is no scientific basis for the assumption that own well-being or command over resources is the exclusive and immutable concern of human individuals. The natural sciences, evolutionary biology in particular, and other social and behavioral sciences, especially...
Persistent link: https://www.econbiz.de/10010420242
An active area of research within the social sciences concerns the underlying motivation for sharing scarce resources and engaging in other pro-social actions. We develop a theoretical framework that sheds light on the developmental origins of social preferences by providing mechanisms through...
Persistent link: https://www.econbiz.de/10011526722
Persistent link: https://www.econbiz.de/10005405623
In the one-shot trust or investment game without opportunities for reputation formation or contracting, economic theory predicts no trusting because there is no incentive for trustworthiness. Under these conditions, theory predicts (a) no effect of pre-play communication, and (b) universal...
Persistent link: https://www.econbiz.de/10005456373
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In the one-shot trust or investment game without opportunities for reputation formation or contracting, economic theory predicts no trusting because there is no incentive for trustworthiness. Under these conditions, theory predicts (a) no effect of pre-play communication, and (b) universal...
Persistent link: https://www.econbiz.de/10005005872