Thoughts about the dictator and trust game

  • Experiments are an important tool in economic research. However, it is unclear to which extent the control of experiments extends to the perceptions subjects form of such experimental decision situations. This paper is the first to explicitly elicit perceptions of the dictator and trust game and shows that there is substantial heterogeneity in how subjects perceive the same game. Moreover, game perceptions depend not only on the game itself but also on the order of games (i.e., the broader experimental context in which the game is embedded) and the subject herself. This highlights that the control of experiments does not necessarily extend to game perceptions. The paper also demonstrates that perceptions are correlated with game behavior and moderate the relationship between game behavior and field behavior, thereby underscoring the importance and relevance of game perceptions for economic research.

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Author:Julian DetempleGND
URN:urn:nbn:de:hebis:30:3-715806
URL:https://ssrn.com/abstract=4857010
DOI:https://doi.org/10.2139/ssrn.4857010
Series (Serial Number):SAFE working paper (422)
Publisher:SAFE
Place of publication:Frankfurt am Main
Document Type:Working Paper
Language:English
Year of Completion:2024
Year of first Publication:2024
Publishing Institution:Universitätsbibliothek Johann Christian Senckenberg
Release Date:2024/06/14
Tag:dictator game; game perceptions; trust game
Edition:June 2024
Page Number:141
Note:
Funding: Joachim Herz foundation
Note:
Funding: Karl Schlecht foundation
Note:
Funding: SAFE Experiment Center at the Leibniz Institute for Financial Research
Institutes:Wirtschaftswissenschaften / Wirtschaftswissenschaften
Wissenschaftliche Zentren und koordinierte Programme / House of Finance (HoF)
Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS)
Wissenschaftliche Zentren und koordinierte Programme / Sustainable Architecture for Finance in Europe (SAFE)
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft
JEL-Classification:C Mathematical and Quantitative Methods / C9 Design of Experiments / C90 General
D Microeconomics / D0 General / D01 Microeconomic Behavior: Underlying Principles
D Microeconomics / D9 Intertemporal Choice and Growth / D91 Intertemporal Consumer Choice; Life Cycle Models and Saving
Sammlungen:Universitätspublikationen
Licence (German):License LogoDeutsches Urheberrecht