Showing 1 - 10 of 58
the individual and thereby assessing the limits of these fairness concerns. This study reports on Trust game experiments … by changing to an unfair allocation. This modification appeared to make the trust aspect more salient which can explain a … relatively strong consistency between trust behavior and answers to attitudinal trust questions. …
Persistent link: https://www.econbiz.de/10005645126
This paper experimentally investigates free-riding behavior on communication cost in a coordination game and finds strong indications of such free-riding. Firstly, the subjects tend to wait for others to send a message when communication is costly, which does not happen when communication is...
Persistent link: https://www.econbiz.de/10008548988
People may be better at recognizing lies than truths or better at recognizing truths than lies. Such detection biases are analyzed theoretically and experimentally. The detection bias shrinks the equilibrium set to a unique non-pooling equilibrium, in which, the better a player is to detect lies...
Persistent link: https://www.econbiz.de/10005645100
This paper explores experimentally the effects of costly communication possibilities in market entry games. It is shown that these effects depend on whether entry costs are symmetric or asymmetric. In the former, but not the latter case, communication possibilities increase coordination success...
Persistent link: https://www.econbiz.de/10005645111
This paper investigates face-to-face lying and beliefs associated with it. In experiments in Sweden and Japan, subjects answer questions about personal characteristics, play a face-to-face sender-receiver game and participate in an elicitation of lie-detection beliefs. The previous finding of...
Persistent link: https://www.econbiz.de/10005645161
This paper establishes reserve price as an ethical necessity contrary to its popular interpretation as an instrument of revenue generation. It provides an axiomatic justification to reserve pricing at Vickrey auction in single as well as multiple objects settings. It also provides a multi-object...
Persistent link: https://www.econbiz.de/10011253077
This paper explores methods to study trust. Answers to survey questions and choices in a trust game are obtained from … between the results obtained by these methods were observed. Furthermore, one group of subjects played the trust game with … hypothetical payments. This changed trust behavior dramatically, whereas trustworthiness was unaffected. Subjects without financial …
Persistent link: https://www.econbiz.de/10005190592
Pay-What-You-Want (PWYW) pricing schemes are becoming increasingly popular in a wide range of industries. We develop a model incorporating self-image into the buyer's utility function and introduce heterogeneity in consumption utility and image-sensitivity, which generates different purchase...
Persistent link: https://www.econbiz.de/10011241612
In this paper we investigate the role of reciprocity in sustaining the emergence of implicit collusive agreements in hierarchical organizations. We conduct a laboratory experiment in which an agent hires, on behalf of the principal, one worker out of two candidates. The two candidates differ in...
Persistent link: https://www.econbiz.de/10011249391
This paper compares the choice of focal points in a Nash Demand Game embedded in an abstract frame with the corresponding choices in a game with a real product frame where parties bargain for a well-known consumer product. We find that the frame has a substantial impact on the fraction of...
Persistent link: https://www.econbiz.de/10009020162