In a game with pre-play bilateral communication, messages may trigger moral incentives to honor promises or agreements. We hypothesize that individuals' inclination to keep a promise is highest if the counterpart requited the promise. We interpret this as an inclination to honor informal agreements. We report supporting results from an experiment.(c) 2022 Elsevier B.V. All rights reserved.
机构:
Stockholm Sch Econ, S-11383 Stockholm, SwedenStockholm Sch Econ, S-11383 Stockholm, Sweden
Ellingsen, Tore
Miettinen, Topi
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机构:
Hanken Sch Econ, FI-00101 Helsinki, Finland
HECER, FI-00101 Helsinki, Finland
Stockholm Sch Econ, SITE, S-11383 Stockholm, SwedenStockholm Sch Econ, S-11383 Stockholm, Sweden