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It is well-known in evolutionary game theory that population clustering in Prisoner Dilemma games allows some cooperative strategies to invade populations of stable defecting strategies. We adapt this idea of population clustering to a two-person trust game. Players are typed based on their...
Persistent link: https://www.econbiz.de/10005125594
People can become less cooperative when threatened with sanctions, and researchers have pointed to both 'intentions' and incentives as sources of this effect. This paper reports data from a novel experimental design aimed at determining the relative importance of intentions and incentives in...
Persistent link: https://www.econbiz.de/10005062715
In many research contexts it is necessary to group experimental subjects into behavioral “types.” Usually, this is done by pre-specifying a set of candidate decision-making heuristics and then assigning each subject to the heuristic that best describes his/her behavior. Such approaches might...
Persistent link: https://www.econbiz.de/10005062723
Private incentives to invest in a public good are modeled as self- interested reciprocity where individuals use reputational scoring rules to determine their optimal level of investment. The model predicts that the disposition of any subject to cooperate is revealed by their first period...
Persistent link: https://www.econbiz.de/10005062730
People can become less cooperative when threatened with sanctions, and researchers have pointed to both 'intentions' and incentives as sources of this effect. This paper reports data from a novel experimental design aimed at determining the relative importance of intentions and incentives in...
Persistent link: https://www.econbiz.de/10005556667
It has been long recognized that different people may use different strategies, or decision rules, when playing games or dealing with other complex decision problems. We provide a new Bayesian procedure for drawing inferences about the nature and number of decision rules that are present in a...
Persistent link: https://www.econbiz.de/10005556686