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Fig 1.

An embezzlement game.

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Fig 2.

Illustration of hypotheses.

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Table 1.

Demographic statistics of the two treatments.

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Table 2.

Responder’s first-order beliefs.

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Table 3.

Responder’s decisions.

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Table 4.

The regressions on responder’s decisions and beliefs.

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Table 4 Expand

Table 5.

Proposer’s first-order beliefs.

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Table 5 Expand

Table 6.

Proposer’s decisions.

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Table 6 Expand

Table 7.

The regressions on the proposer’s decisions and beliefs.

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Table 7 Expand