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Experiments in Economics Playing Fair with Money

ISBN-10: 0415476313
ISBN-13: 9780415476317
Edition: 2009
List price: $46.95 Buy it from $15.75
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Book details

List price: $46.95
Copyright year: 2009
Publisher: Routledge
Publication date: 1/2/2009
Binding: Paperback
Pages: 254
Size: 6.00" wide x 9.00" long x 0.75" tall
Weight: 1.210
Language: English

List of illustrations
Preface
Introduction
Appendix: a very brief and very simple introduction to game theory
The ultimatum game
The ultimatum game
Intentions, as well as outcomes, matter
Criticisms of the findings of G�th and his colleagues
Behaviour in the ultimatum game: fairness or altruism?
Raising the monetary stakes in the ultimatum game
Fear of punishment or fear of embarrassment?
Do norms of fairness differ across cultures?
An even more ambitious cross-cultural study
What does a preference for fairness have to do with economics?
Concluding remarks
Trust and trustworthiness in everyday life
Trust and trustworthiness in everyday life
Is trust nothing but altruism? How about reciprocity?
The role of expectations in the decision to trust
Is a trusting decision analogous to a risky one?
Do trust and trustworthiness go together?
Implications of trust and reciprocity for economic transactions
Concluding remarks
Cooperation in social dilemmas
Cooperation in social dilemmas
Are contributions caused by confusion on the part of the participants?
Looking for alternative explanations
Do participants display a herd mentality?
Conditional cooperation and the creation of virtuous norms of cooperation
Punishments are sufficient to sustain cooperation but are not necessary
Concluding remarks
I will if you will: resolving coordination problems in organisations
I will if you will: examples of coordination failures in real-life
Men are from Mars, women are from Venus: battle of the sexes
Hunt a stag or a rabbit? The stag hunt game and payoff-ranked equilibria
Experimental evidence on coordination failures
Talk is cheap; or is it...? Using communication to resolve coordination failures
Money talks: the role of incentives
When in Rome...creating culture in the laboratory
From the laboratory to the real world: do these interventions work? The story of Continental Airlines
From the real world, back to the laboratory: are you partners or strangers?
Concluding remarks
Epilogue: further economic implications of fairness and trust
Further economic implications of fairness and trust
The Grameen Bank experience
Extrinsic incentives can crowd-out intrinsic motivations
Trust and growth
Concluding remarks
Bibliography
Index

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