Gächter, Simon; Lee, Kyeongtae; Sefton, Martin; Weber, … - 2021
payoffs on cooperation, focussing on one-shot PD games where efficiency requires mutual cooperation. Following Mengel (2018 …) we vary three payoff indices. Indices of risk and temptation capture the unilateral incentives to defect against … defectors and co-operators respectively, while an index of efficiency captures the gains from cooperation. We conduct two …