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Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - 2007

transmission tends to be biased toward excessively conservative priors. As a result, societies can be trapped in a low-trust … equilibrium. In this context, a temporary shock to the return to trusting can have a permanent effect on the level of trust. We …

Persistent link: https://www.econbiz.de/10003627185

Ransomware and reputation

Cartwright, Anna; Cartwright, Edward - In: Games 10 (2019) 2/26, pp. 1-14

believing that the criminal will honour ransom payments. In this paper we explore the extent to which a criminal can build trust …

Persistent link: https://www.econbiz.de/10012061894

The optimal strategy in the minimum effort game

Cartwright, Edward - In: Games 9 (2018) 3, pp. 1-19

A simple expression is derived for the optimal strategy in the minimum effort game. This maps from player beliefs to an optimal effort level. From this expression the set of Nash equilibria in the game is fully characterized. All Nash equilibria are symmetric and involve at most two actions...

Persistent link: https://www.econbiz.de/10012227698

Conditional cooperation and the marginal per capita return in public good games

Cartwright, Edward; Lovett, Denise - In: Games 5 (2014) 4, pp. 234-256

We investigate experimentally whether the extent of conditional cooperation in public good games depends on the marginal per capita return (MPCR) to the public good and type of game. The MPCR is varied from 0.2 to 0.4 to 0.8. The "standard" game, in which three players contribute before a...

Persistent link: https://www.econbiz.de/10010503532