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Who Gets the Last Word? An Experimental Study of the Effect of a Peer Review Process on the Expression of Social Norms

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  • Jim Engle-Warnick
  • Andreas Leibbrandt

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 decided increaes the first mover's trust. And first and second movers pass different types of judgments when they act as a committee. Length 29 pages
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Suggested Citation

  • Jim Engle-Warnick & Andreas Leibbrandt, 2006. "Who Gets the Last Word? An Experimental Study of the Effect of a Peer Review Process on the Expression of Social Norms," CIRANO Working Papers 2006s-12, CIRANO.
    • Handle: RePEc:cir:cirwor:2006s-12
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    More about this item

    Keywords

    experimental economics; peer review; social norm; social preferences; third-party punishment; trust; confiance; économie expérimentale; normes sociales; préférences sociales; révision par les pairs; sanctions par une tierce personne;
    All these keywords.

    JEL classification:

    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior

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