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Handbook of Experimental Economics
John H. Kagel,A. E. Roth +1 more
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The article was published on 1997-09-01 and is currently open access. It has received 3623 citations till now. The article focuses on the topics: Experimental economics.read more
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ERC: A Theory of Equity, Reciprocity, and Competition
Gary E. Bolton,Axel Ockenfels +1 more
TL;DR: The authors demonstrate that people are motivated by both their pecuniary payoff and their relative payoff standing, and demonstrate that a simple model, constructed on the premise that people were motivated by either their payoff or their relative standing, organizes a large and seemingly disparate set of laboratory observations as one consistent pattern, which explains observations from games where equity is thought to be a factor, such as ultimatum and dictator, games where reciprocity is played a role and games where competitive behavior is observed.
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Risk as Feelings
TL;DR: It is shown that emotional reactions to risky situations often diverge from cognitive assessments of those risks, and when such divergence occurs, emotional reactions often drive behavior.
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Corporate Social Responsibility Theories: Mapping the Territory
Elisabet Garriga,Domènec Melé +1 more
TL;DR: In this article, the authors classify the main CSR theories and related approaches in four groups: (1) instrumental theories, in which the corporation is seen as only an instrument for wealth creation, and its social activities are only a means to achieve economic results; (2) political theories, which concern themselves with the power of corporations in society and a responsible use of this power in the political arena; (3) integrative theories, focusing on the satisfaction of social demands; and (4) ethical theories based on ethical responsibilities of corporations to society.
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Cooperation and Punishment in Public Goods Experiments
TL;DR: In this paper, the authors provide evidence that free riders are heavily punished even if punishment is costly and does not provide any material benefits for the punisher, and they also show that free riding causes strong negative emotions among cooperators.
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Collective Action and the Evolution of Social Norms
TL;DR: The Logic of Collective Action (LCA) as mentioned in this paper was a seminal work in modern democratic thought that challenged the assumption that groups would tend to form and take collective action in democratic societies.
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Unraveling in Guessing Games: An Experimental Study
TL;DR: For example, Selten et al. as mentioned in this paper showed that in the guessing game, players engage in a finite depth of reasoning on players' beliefs about one another, where a player selects a strategy at random without forming beliefs or picks a number that is salient to him.
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Derivation of "Rational" Economic Behavior from Hyperbolic Discount Curves
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Laboratory Experimentation in Economics: A Methodological Overview
TL;DR: In this paper, a survey of laboratory experimentation as a tool of economic research is presented, focusing on methodological themes, broadly construe d, with the aim of illustrating the process by which sequences of relate d experiments can build upon one another.
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Asymmetrical Brain Electrical Activity Discriminates Between Psychometrically-Matched Verbal and Spatial Cognitive Tasks
TL;DR: Correlations between EEG and task performance indicated that CZ-referenced parietal alpha asymmetry accounted for the most variance in verbal task performance, indicating robust differences in asymmetrical brain physiology that are produced by well-matched verbal and spatial cognitive tasks.
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The Early History of Experimental Economics
TL;DR: In the course of coediting the Handbook of Experimental Economics (forthcoming) it became clear to me that contemporary experimental economists tend to carry around with them different and very partial accounts of the history of this still emerging field as discussed by the authors.