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Experiments in economics: playing fair with money

Author: Chaudhuri, Ananish Publisher: Routledge 2009.Language: EnglishDescription: 249 p. : Graphs/Ill. ; 24 cm.ISBN: 9780415476317Type of document: BookBibliography/Index: Includes bibliographical references and index
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Item type Current location Collection Call number Status Date due Barcode Item holds
Book Europe Campus
Main Collection
Print HB171 .C43 2009
(Browse shelf)
Available 001253481
Total holds: 0

Includes bibliographical references and index


Experiments in Economics Playing fair with money Contents List of illustrations Preface xii xiv 1 Introduction Appendix: a very brief and very simple introduction to game theory 25 1 2 The ultimatum game 2.1 The ultimatum game 37 2.2 Intentions, as well as outcomes, matter 46 2.3 Criticisms of the findings of Giith and his colleagues 50 2.4 Behaviour in the ultimatum game: fairness or altruism? 51 2.5 Raising the monetary stakes in the ultimatum game 53 2.6 Fear of punishment or fear of embarrassment? 57 2.7 Do norms of fairness differ across cultures? 62 2.8 An even more ambitious cross-cultural study 66 2.9 What does a preference for fairness have to do with economics? 71 2.10 Concluding remarks 80 35 3 Trust and trustworthiness in everyday life 3.1 Trust and trustworthiness in everyday life 85 3.2 Is trust nothing but altruism? How about reciprocity? 93 3.3 The role of expectations in the decision to trust 96 3.4 Is a trusting decision analogous to a risky one? 101 3.5 Do trust and trustworthiness go together? 106 83 3.6 Implications of trust and reciprocity for economic transactions 108 3.7 Concluding remarks 121 4 Cooperation in social dilemmas 4.1 Cooperation in social dilemmas 125 4.2 Are contributions caused by confusion on the part of the participants? 128 4.3 Looking for alternative explanations 132 4.4 Do participants display a herd mentality? 140 4.5 Conditional cooperation and the creation of virtuous norms of cooperation 142 4.6 Punishments are sufficient to sustain cooperation but are not necessary 146 4.7 Concluding remarks 154 123 5 I will if you will: resolving coordination problems in organisations 159 5.1 I will if you will: examples of coordination failures in reallife 161 5.2 Men are from Mars, women are from Venus: battle of the sexes 165 5.3 Hunt a stag or a rabbit? The stag hunt game and payoffranked equilibria 169 5.4 Experimental evidence on coordination failures 174 5.5 Talk is cheap; or is it .. . ? Using communication to resolve coordination failures 182 5.6 Money talks: the role of incentives 188 5.7 When in Rome...creating culture in the laboratory 194 5.8 From the laboratory to the real world: do these interventions work? The story of Continental Airlines 202 5.9 From the real world, back to the laboratory: are you partners or strangers? 205 5.10 Concluding remarks 209 6 Epilogue: further economic implications of fairness and trust 6.1 Further economic implications of fairness and trust 213 6.2 The Grameen Bank experience 214 6.3 Extrinsic incentives can crowd-out intrinsic motivations 216 6.4 Trust and growth 225 6.5 Concluding remarks 227 211 Bibliography Index 231 243

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