• Corpus ID: 231879944

On the Fragility of Third-party Punishment: The Context Effect of a Dominated Risky Investment Option

@inproceedings{Im2021OnTF,
  title={On the Fragility of Third-party Punishment: The Context Effect of a Dominated Risky Investment Option},
  author={Changkuk Im and Jinkwon Lee},
  year={2021}
}
Some studies have shown that third-party punishment (TPP) substantially exists in a controlled laboratory setting. However, only a few studies investigate the robustness of TPP. This study experimentally investigates to what extent TPP can be robust by offering an additional but unattractive risky investment option to a third party. We find that when both the punishment and investment options are available, the demand for punishment decreases whereas the demand for investment increases. These… 

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