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We examine how a principal implements a joint forcing contract for a team of two agents, whose joint product determines the value of the principal's asset. We focus on the "agents' problem": whether to contribute to a public good when one's costly contribution is unobservable. Our experiments...
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This paper investigates if and how other-regarding preferences governing giving decisions in dictator games are affected in risky environments in which the payoff of the recipient is random. We demonstrate that, whenever the risk is actuarially neutral, the donation of dictators with a purely ex...
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This book is about the interplay of theory and experimentation on group decision making in economics. The theories that … experiments in decision making and economics date back more than thirty years (e.g .• Allais. 1953; Davidson. Suppes. and Siegel … arise in individual decision making under risk. two-person bargaining. …
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In prosocial decisions, decision-makers are inherently uncertain about how their decisions impact others’ utility – we …
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