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neutral language. Here we show that cooperation in such a neutrally framed Prisoner’s Dilemma is equivalent to a PD framed as … contributing to a cooperative endeavour. Conversely, there is substantially less cooperation in a PD framed as a competition. We …
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Should one use words or money to foster trust of the other party if no means of enforcing trustworthiness are available? This paper reports an experiment studying the effectiveness of two types of mechanisms for promoting trust: a costly gift and a costless message as well as their mutual...
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We study how players learn to make decisions if they face many different games. Games are drawn randomly from a set of either two or six games in each of 100 rounds. If either there are few games or if extensive summary information is provided (or both) convergence to the unique Nash equilibrium...
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There are many situations where the best outcome is reached through co-operation and co-ordination of agents’ actions … this failure may be lack of information about the gains from co-operation, or lack of capacity to implement the co …-operative strategy. The present work focuses on two obstacles to co-operation that are linked with the incentives of the economic agents …
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Interpersonal trust (i.e. trust in other people) is an issue of high interest to both policy-makers and researchers seeking to understand what drives social and economic outcomes. However, for trust to usefully inform policy and analysis it is necessary to have valid and reliable measures of it....
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