ICES Brown Bag for February 21

Events, Seminars | February 19, 2018

Join us for the next ICES Brown Bag Lecture of the semester, featuring Tim Friehe.

Prof. Friehe, of University of Marburg, will discuss his paper (co-authored with Anne Schielke) Appeasing Yourself or Others Using Either Self-Punishment or Compensation (Abstract). The talk will take place on Wednesday, February 21st, from 12:00 to 1:00pm, in room 5075 of the Vernon Smith Hall (formerly Metropolitan Building), Arlington campus.

Coffee and dessert will be provided.

Please visit the Brown Bag Schedule to learn more about the Brown Bag series.

Abstract

We consider the use of self-punishment and compensation as appeasement tactics in a laboratory experiment. We find that people inflict harm upon others more often when they can principally compensate the harmed party afterwards. The availability of a self-punishment option does not induce more harmdoing. Interestingly, when harmdoers can compensate the harmed party and the latter can in a later stage inflict punishment on the harmdoer, the availability of compensation no longer induces more harmdoing. We find that self-punishment and compensation are informative signals about unintentional harmdoing. However, when the harmed party can also punish the harmdoer, self-punishment is no longer informative regarding the intent. The actual use of both self-punishment and compensation is not effective in appeasing the harmed party, that is, in reducing the punishment. Overall, total payoffs given the availability of self-punishment are not worse than those given the availability of the supposedly more efficient compensation-appeasement tactic.

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