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Seminal models of herd behaviour and informational cascades point out the existence of information negativeexternalities, and propose to destroy information in order to achieve social improvements. Although in the lastyears many features of herd behaviour and informational cascades have been...
Persistent link: https://www.econbiz.de/10005866943
In one-shot investment game experiments where each player's payo is a convexcombination of own and other's prot, trust …
Persistent link: https://www.econbiz.de/10005866849
This paper examines the occurrence and fragility of information cascades in laboratory experiments.One group of low … information.In line with existing experiments on information cascades, we find some evidence that lowinformed subjects follow the …
Persistent link: https://www.econbiz.de/10005866431
experiments reveals the considerable economic impact of cohesion: higher cohesion groups are significantly more likely to achieve …
Persistent link: https://www.econbiz.de/10011670948
Direct transfers allow heirs to freely use what has been passed on to them. Bequeathers who do not trust their … trust their descendant. When transfers to the descendant are less efficient than investments in a foundation, due to, e …
Persistent link: https://www.econbiz.de/10005866700
Social life offers innumerable instances in which trust relations involve multiple agents. In an experiment, we study a … new setting called Collective Trust Game where there are multiple trustees, who may have an incentive to coordinate their … predominant convention with regard to trustworthiness. In this respect, the Collective Trust Games offers a richer pattern of …
Persistent link: https://www.econbiz.de/10011734290
This paper investigates how group membership and competition among trustors interact with trust and trustworthiness in … a laboratory one-shot trust game. To analyze these effects, we apply a 2x2 design. We induce group membership by letting …
Persistent link: https://www.econbiz.de/10010274051
The "grammar of trust" is one the most explored loci in game theory and behavioural economics. However, still much … needs to be understood about the nature of trust in non-enforceable, personalised interactions, in markets and within … organizations. This experimental study aims at contributing to the understanding of new dimensions of trust by exploring how risky …
Persistent link: https://www.econbiz.de/10011391585
knowledge. We test this result in a laboratory experiment. The data cannot confirm the predicted welfare dominance of private …
Persistent link: https://www.econbiz.de/10012422494
The 'grammar of trust' is one of the most explored loci in behavioural and experimental economics. This experimental … study aims at contributing to the understanding of new dimensions of trust by exploring how risky trust may foster a trustee … of risky trust, which generates more trustworthy and reciprocal behaviour in untrustworthy people. …
Persistent link: https://www.econbiz.de/10011569227