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Altruism and envy in contests : an evolutionarily stable symbiosis

Konrad, Kai A. - 2002

Altruists and envious people who meet in contests are symbionts. They do better than a population of narrowly rational individuals. If there are only altruists and envious individuals, a particular mixture of altruists and envious individuals is evolutionarily stable.

Persistent link: https://www.econbiz.de/10011514081

Frustration and anger in games

Battigalli, Pierpaolo; Dufwenberg, Martin; Smith, Alec - 2015

Frustration, anger, and aggression have important consequences for economic and social behavior, concerning for example monopoly pricing, contracting, bargaining, traffic safety, violence, and politics. Drawing on insights from psychology, we develop a formal approach to exploring how...

Persistent link: https://www.econbiz.de/10010496082

Lying and reciprocity

Dato, Simon; Feess, Eberhard; Nieken, Petra - 2018

empirically in a large scale online experiment and in the laboratory. In both experiments, the second mover's lying propensity …

Persistent link: https://www.econbiz.de/10011933920

Efficient coordination in weakest-link games

Riedl, Arno; Rohde, Ingrid M. T.; Strobel, Martin - 2011

" to become high performers. -- efficient coordination ; weakest-link ; minimum effort ; neighborhood choice ; experiment …

Persistent link: https://www.econbiz.de/10009412373

A theory of indifference based on status-seeking behaviour

Marjit, Sugata; Dastidar, Krishnendu Ghosh; Pandey, … - 2023

psychology and economic theory literature on the causes and consequences of status-seeking behaviour. It integrates the idea in a …

Persistent link: https://www.econbiz.de/10014265989

The endowment effect in the general population

Fehr, Dietmar; Kübler, Dorothea - 2022

We study the endowment effect and expectation-based reference points in the field leveraging the setup of the Socio-Economic Panel. Households receive a small item for taking part in the panel, and we randomly assign respondents either a towel or a notebook, which they can exchange at the end of...

Persistent link: https://www.econbiz.de/10013472430

Present-biased envy, inequality, and growth

Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2024

We take into account that envy (relative consumption concerns) is more pronounced in the present than in the future. We … exogenous parameters. Agents' preferences exhibit present-biased envy: agents are naive and care about how their consumption … levels compare to that of others in the current period. Our results suggest that present-biased envy affects both the level …

Persistent link: https://www.econbiz.de/10014528209

Conditional cooperation and the effect of punishment

Kirchkamp, Oliver; Mill, Wladislaw - 2018

We study how punishment influences conditional cooperation. We ask two questions: 1) how does conditional cooperation change if a subject can be punished and 2) how does conditional cooperation change if a subject has the power to punish others. In particular, we disentangle the decision to be a...

Persistent link: https://www.econbiz.de/10011864590

All it takes is one : the effect of weakest-link and summation aggregation on public good provision under threshold uncertainty

Carlsson, Frederik; Ek, Claes; Lange, Andreas - 2021

We report experimental evidence on the voluntary provision of public goods under threshold uncertainty. By explicitly comparing two prominent technologies, summation and weakest link, we show that uncertainty is particularly detrimental to threshold attainment under weakest link, where low...

Persistent link: https://www.econbiz.de/10012696938

Willingness-to-pay and willingness-to-accept are probably less correlated than you think

Chapman, Jonathan; Ortoleva, Pietro; Snowberg, Erik; … - 2017

, such as Prospect Theory and Stochastic Reference Dependence, only under very specific, and unlikely, correlational …

Persistent link: https://www.econbiz.de/10011658031

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