hampers cooperation, as higher intelligence players are less cooperative once they are made aware that they play against …

mediated by differences in cognitive skills. Our design uses a Repeated Prisoner's Dilemma, and we compare rates of cooperation … higher cooperation rates and profits than in separated groups (with consistent gains among lower IQ subjects and relatively … evolutionary game theory model, where higher IQ among subjects determines - through better working memory - a lower frequency of …

’s material payoff structure affects cooperation is incomplete. In this paper we investigate the effect of variation in material … payoffs on cooperation, focussing on one-shot PD games where efficiency requires mutual cooperation. Following Mengel (2018 … defectors and co-operators respectively, while an index of efficiency captures the gains from cooperation. We conduct two …

We experimentally examine how the incentive to defect in a social dilemma affects conditional cooperation. In our first … conditional cooperation is higher when the own gain from defecting is lower and when the loss imposed on the first mover from … role of social preferences in conditional cooperation …

Two non-transitive theories to model decision making under risk are regret theory (Loomes and Sugden, 1982, 1987) and … salience theory (Bordalo, Gennaioli, and Shleifer, 2012). While the psychological underpinning of these two approaches is … of choice behavior. We investigate the overlap between these theories and show that original regret theory (Loomes and …

under ambiguity, belief updating, and survey expectations about economic variables. In each of these domains, behavior in … risk and ambiguity, belief updating, and survey expectations. Our framework makes predictions that we test using exogenous …