Social Effects in a Multi-Agent Investment Game. An Experimental Analysis

Luigi Mittone and Matteo Ploner

No 805, CEEL Working Papers from Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia

Abstract: We experimentally investigate social effects in a principal-agent setting with incomplete contracts. The strategic interaction scheme is based on the Investment Game (Berg et al., 1995). In our setting four trustees and one trustor are interacting and the access to choices of peers in the group of trustees is experimentally manipulated. We find that when the trust- worthiness of some participants is made available to peers, the high levels of trustworthiness displayed by those being observed tend to negatively impact on the trustworthiness of those observing them.

Date: 2008
New Economics Papers: this item is included in nep-cbe, nep-exp, nep-gth and nep-soc
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Working Paper: Social Effects in a Multi-Agent Investment Game. An Experimental Analysis (2009)
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