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Distribution of natural resources, entrepreneurship and economic development : growth dynamics with two elites
Falkinger, Josef (contributor);  … - 2005
entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity …
Persistent link: https://www.econbiz.de/10003225929
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Cognitive ability, character skills, and learning to play equilibrium : a level-k analysis
Gill, David; Prowse, Victoria L. - 2014
In this paper we investigate how cognitive ability and character skills influence behavior, success and the evolution of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment and find striking differences according to cognitive...
Persistent link: https://www.econbiz.de/10010364492
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Does corruption promote emigration? : an empirical examination
Cooray, Arusha; Schneider, Friedrich - 2014
This paper empirically investigates the relationship between corruption and the emigration of those with high, medium … and low levels of educational attainment. The empirical results indicate that as corruption increases the emigration rate … levels of educational attainment, however, increases at initial levels of corruption and then decreases beyond a certain …
Persistent link: https://www.econbiz.de/10010341207
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The analysis of human feelings: a practical suggestion for a robustness test
Bloem, Jerey R.; Oswald, Andrew J. - 2021
Governments, multinational companies, and researchers today collect unprecedented amounts of data on human feelings. These data provide information on citizens' happiness, levels of customer satisfaction, employees' satisfaction, mental stress, societal trust, and other important variables. Yet...
Persistent link: https://www.econbiz.de/10012603839
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Higher intelligence groups have higher cooperation rates in the repeated prisoner's dilemma
Proto, Eugenio; Rustichini, Aldo; Sofianos, Andis - 2014
Intelligence affects social outcomes of groups. A systematic study of the link is provided in an experiment where two groups of subjects with different levels of intelligence, but otherwise similar, play a repeated prisoner's dilemma. The initial cooperation rates are similar, it increases in...
Persistent link: https://www.econbiz.de/10010409805
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It's payback time: new insights on cooperation in the repeated prisoners' dilemma
Bigoni, Maria; Casari, Marco; Salvanti, Andrea; … - 2022
In an experiment on the repeated prisoner’s dilemma where intended actions are implemented with noise, Fudenberg et al. (2012) observe that non-equilibrium strategies of the "tit-for-tat" family are largely adopted. Furthermore, they do not find support for risk dominance of TFT as a...
Persistent link: https://www.econbiz.de/10012805575
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Intelligence disclosure and cooperation in repeated interactions
Lambrecht, Marco; Proto, Eugenio; Rustichini, Aldo; … - 2022
We investigate in a laboratory setting whether revealing information on the intelligence of both players affects behavior in repeated games. We study the Prisoners' Dilemma (PD) and Battle of Sexes (BoS) as they cover a large set of the interesting scenarios generated by repeated games of two...
Persistent link: https://www.econbiz.de/10013286604
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Intelligence, errors and strategic choices in the repeated prisoners' dilemma
Proto, Eugenio; Rustichini, Aldo; Sofianos, Andis - 2020
evolutionary game theory model, where higher IQ among subjects determines - through better working memory - a lower frequency of …
Persistent link: https://www.econbiz.de/10012162894
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The effect of positive mood on cooperation in repeated interaction
Proto, Eugenio; Sgroi, Daniel; Nazneen, Mahnaz - 2017
Existing research supports two opposing mechanisms through which positive mood might affect cooperation. Some studies have suggested that positive mood produces more altruistic, open and helpful behavior, fostering cooperation. However, there is contrasting research supporting the idea that...
Persistent link: https://www.econbiz.de/10011760094
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Beliefs, learning, and personality in the indefinitely repeated prisoner's dilemma
Gill, David; Rosokha, Yaroslav - 2022
We aim to understand the role and evolution of beliefs in the indefinitely repeated prisoner's dilemma (IRPD). To do so, we elicit beliefs about the supergame strategies chosen by others. We find that heterogeneity in beliefs and changes in beliefs with experience are central to understanding...
Persistent link: https://www.econbiz.de/10013345861