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Trust and Reciprocity
Charness, Gary; Shmidov, Valentin - In: Foundations and Trends(R) in Microeconomics 10 (2014) 3, pp. 167-207
of theory and experiments that have identified trust and reciprocity in economics and human behavior. …This survey explores the contributions of behavioral economics, laboratory experiments, and field experiments to our … trust and reciprocity, departing from pure self-interest in the understanding of "homo economicus", begins the discussion …
Persistent link: https://www.econbiz.de/10010960086
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Deception: The role of guilt
Battigalli, Pierpaolo; Charness, Gary; Dufwenberg, Martin - In: Journal of Economic Behavior & Organization 93 (2013) C, pp. 227-232
Evidence suggests that whether or not people dislike lying is situation-dependent. We argue that the theory of simple guilt can accommodate this well.
Persistent link: https://www.econbiz.de/10010702934
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Do investors rely too much on public information to be justified by its accuracy? : an experimental study
Alfarano, Simone; Camacho-Cuena, Eva; Morone, Andrea - 2015
identified in our experiments and give incentives to the investors (institutional and/or private) to search for alternative …
Persistent link: https://www.econbiz.de/10010479016
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Financial Market in the Laboratory, anExperimental Analysis of some Stylized Facts
Morone, Andrea - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2005
This paper purports to provide experimental evidence explaining a number of stylized facts associated with thebehaviour of financial returns, in particular, the fat tailed nature of their distribution and the persistence in theirvolatility. By means of a laboratory experiment, we will...
Persistent link: https://www.econbiz.de/10005866822
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Reputation and honesty in a market for information
Charness, Gary; Garoupa, Nuno - Department of Economics and Business, Universitat … - 1998
Previous works on asymmetric information in asset markets tend to focus on the potential gains in the asset market itself. We focus on the market for information and conduct an experimental study to explore, in a game of finite but uncertain duration, whether reputation can be an effective...
Persistent link: https://www.econbiz.de/10005772009
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Competition and the Ratchet Effect
Charness, Gary - 2010
The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent's early actions to the agent's later disadvantage, in a context where binding multi-period contracts are not enforceable. In a simple, context-rich environment, we experimentally...
Persistent link: https://www.econbiz.de/10012715529
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Competition and the Ratchet Effect
Charness, Gary; Kuhn, Peter; Villeval, Marie Claire - 2021
The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent's early actions to the agent's later disadvantage, in a context where binding multi-period contracts are not enforceable. In a simple, context-rich environment, we experimentally...
Persistent link: https://www.econbiz.de/10013324885
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Self-Confidence and Strategic Deterrence
Charness, Gary; Rustichini, Aldo; Ven, Jeroen van de - Tinbergen Instituut - 2011
We examine factors that may contribute to 'overconfidence' in relative ability on an intelligence test. We test experimentally for evidence of self-esteem concerns and instrumental strategic concerns. Errors in Bayesian updating are rare when the information does not involve own relative...
Persistent link: https://www.econbiz.de/10011255502
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Self-Confidence and Strategic Behavior
Charness, Gary; Rustichini, Aldo; Ven, Jeroen van de - CESifo - 2013
We test experimentally an explanation of over and under confidence as motivated by (perhaps unconscious) strategic concerns, and find compelling evidence supporting this hypothesis in the behavior of participants who send and respond to others’ statements of confidence about how well they have...
Persistent link: https://www.econbiz.de/10010877986
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Self-Confidence and Strategic Deterrence
Charness, Gary; Rustichini, Aldo; van de Ven, Jeroen - 2011
We examine factors that may contribute to 'overconfidence' in relative ability on an intelligence test. We test experimentally for evidence of self-esteem concerns and instrumental strategic concerns. Errors in Bayesian updating are rare when the information does not involve own relative...
Persistent link: https://www.econbiz.de/10010326528