Shared Experience and Third-Party Decisions: A Laboratory Result
Kevin A. McCabe
George Mason University - Department of Economics; George Mason University School of Law
Maria Pia Paganelli
Using a three-player dictator game, the experiment presented here shows that a shared experience with a stakeholder does not necessarily influence third-party redistribution. The design generates a shared experience by varying whether a third-party decision maker and a stakeholder acquire stakes through an effort-full activity or through random selection of a ticket. Our results are relevant to the analysis of what may or may not bias judges, juries, arbitrators or other third-party decision makers.
Number of Pages in PDF File: 19
Keywords: third parties, bias, experience, judgment
Date posted: January 12, 2010
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