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Group payoffs as public signals

Listed author(s):
  • Ioannou, Christos A.
  • Qi, Shi
  • Rustichini, Aldo

We study experimentally the effect on individual behavior of comparative, but payoff-irrelevant, information in a near-minimal group setting. Specifically, in each round, group members see the groups’ cumulative payoffs, which consist of an aggregation of the earnings of each member of the group in the round. Our novel experimental design incorporates two games (the Trust game and the Dictator game) whose payoffs are carefully chosen to ensure cross-game comparability. In the baseline, no comparative information is displayed; the sessions are otherwise identical.

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File URL: http://www.sciencedirect.com/science/article/pii/S0167487015000380
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Article provided by Elsevier in its journal Journal of Economic Psychology.

Volume (Year): 48 (2015)
Issue (Month): C ()
Pages: 89-105

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Handle: RePEc:eee:joepsy:v:48:y:2015:i:c:p:89-105
DOI: 10.1016/j.joep.2015.03.003
Contact details of provider: Web page: http://www.elsevier.com/locate/joep

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