Who Gets the Last Word? An Experimental Study of the Effect of a Peer Review Process on the Expression of Social Norms
Year: 2006
Type: preprint
Abstract: : We alter who gets the last word on the outcome in three different types of trust games: the first mover, the second mover, or, a committee comprised of first and second movers. The committee functions in a manner similar to a peer review process, in which experienced subjects pass judgment on the outcome reached by a different pair of subjects. Surprisingly, giving the first mover the last word benefits the second mover. Letting the committee decide increases the first mover’s trust. In the committees, players are more likely to enforce a social norm. However, first and second movers pass different types of judgments when they act as a committee.
Authors: Jim Engle‐Warnick, Andreas Leibbrandt
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2104657340