Gift Ratios in Laboratory Experiments

Tagiew, Rustam and Ignatov, Dmitry (2016): Gift Ratios in Laboratory Experiments. Published in: CEAR-WS , Vol. 1627, No. urn:nbn:de:0074-1627-1 (25 July 2016): pp. 82-93.

Abstract

This paper presents statistics of a controlled laboratory gift-exchange-game experiment. These numbers can be used for assumptions about human behavior in analysis of noisy web data. The experiment was described in ‘The Impact of Social Comparisons on Reciprocity’ by Gächter et al. 2012. As already shown in relevant literature from experimental economics, human decisions deviate from rational payoff maximization. The average gift rate was 31%. Gift rate was under no conditions zero. Further, we derive some additional findings and calculate their significance.

• Item Type: MPRA Paper
• Language: English
• Keywords: experimental economics, machine learning
• Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C10 - General; D - Microeconomics > D0 - General > D03 - Behavioral Microeconomics: Underlying Principles

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