Shared Experience and Third-Party Decisions: A Laboratory Result

Abstract:     
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

working papers series