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be rationally explained by a procedural utility for cooperation. The model characterizes the situations in which … cooperation emerges as a Nash equilibrium. When rational individuals are not solely concerned by the consequences of their … behavior but also care for the process by which these consequences are obtained, there is no one single rational solution to a …
Persistent link: https://www.econbiz.de/10005081070
The present experiment introduces a modification of the iterated prisoner's dilemma (PD). In contrast to classical dilemma situations with only one interaction partner, participants (N = 120) interacted with five fictitious interaction partners within one game, either in a random order (change...
Persistent link: https://www.econbiz.de/10010801598
, compared to no labels, led to significantly more cooperation; labels such as trust and cooperate/defect augmented cooperation …
Persistent link: https://www.econbiz.de/10010802231
in sustaining the cooperative behavior comparing to the existing models, it can produce interesting non …
Persistent link: https://www.econbiz.de/10011061105
In a laboratory-controlled environment we provide experimental evidence on the effects of transparency (complete over incomplete information) and empowerment on trust and trustworthiness. We implement a simple version of the standard two-person investment game in a repeated game context with...
Persistent link: https://www.econbiz.de/10010869662
become the source for his transpersonal view about the other. Reciprocity in the sense of role-switching is crucial for … deriving his own and the other's beliefs. We also consider how a person can use these views for his behavior revision, and we … define an equilibrium called an intrapersonal coordination equilibrium. Based on this, we show that cooperation will emerge …
Persistent link: https://www.econbiz.de/10011279149
We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that subjects attain the most efficient ownership allocation despite starting...
Persistent link: https://www.econbiz.de/10005504775
How do firms motivate their employees to be productive? The conventional wisdom is that workers respond to monetary incentives - "Pay them more and they will work harder." However, a large and growing body of empirical evidence from laboratory and field experiments, surveys, and observational...
Persistent link: https://www.econbiz.de/10011413663
refutes the self-interest hypothesis, suggesting that concerns for altruism, fairness, and reciprocity strongly motivate many … neuroeconomic evidence that is consistent with the view that many people have a taste for mutual cooperation and the punishment of … norm violators. We further illustrate the powerful impact of fairness concerns on cooperation, competition, incentives, and …
Persistent link: https://www.econbiz.de/10014023675
Restricting the analysis to general 2×2 coordination games, this article shows how under certain conditions, it is highly likely that individuals coordinate on a (pay-off) efficient through risk inferior convention. This contrasts with other equilibrium refinement criteria, such as risk...
Persistent link: https://www.econbiz.de/10010883233