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Two behavioral models of two-person normal-form game play are presented and estimated, using three experimental data sets. The models are variants of the Quantal Response Equilibrium model defined by McKelvey and Palfrey (1995, Games and Economic Behavior), but allow a player to hold inaccurate...
Persistent link: https://www.econbiz.de/10011071393
This paper examines the role of other-regarding behavior as a mechanism for the establishment and maintenance of cooperation in resource use under variable social and environmental conditions. By coupling resource stock dynamics with social dynamics concerning compliance to a social norm...
Persistent link: https://www.econbiz.de/10011071071