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A ONE-SHOT PRISONERS' DILEMMA WITH PROCEDURAL UTILITY
MENESTREL, M. LE - In: International Game Theory Review (IGTR) 08 (2006) 04, pp. 655-668
This article introduces a model of rationality that combines procedural utility over actions with consequential utility … manner, this model of procedural utility reflects how ethical considerations, social norms or emotions can transform a game …
Persistent link: https://www.econbiz.de/10005081070
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The role of fairness motives and spatial considerations in explaining departures from Nash equilibrium: stationary and evolutionary lessons from 2x2 games
Tavoni, Alessandro - Volkswirtschaftliche Fakultät, … - 2008
Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...
Persistent link: https://www.econbiz.de/10005837064
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A Dynamic Model of Belief-Dependent Conformity to Social Norms
Sontuoso, Alessandro - Volkswirtschaftliche Fakultät, … - 2013
Human conduct is often guided by “conformist preferences”, which thrive on behavioral expectations within a society, with conformity being the act of changing one’s behavior to match the purported beliefs of others. Despite a growing research line considering preferences for a fair outcome...
Persistent link: https://www.econbiz.de/10011260827
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The Behavioral Impact of Emotions in a Power to take Game: An Experimental Study
Bosman, Ronald; Winden, Frans A.A.M. van - Tinbergen Instituut - 1999
primarily interested in how emotions influenceresponder behavior. Our findings are the following. (1) A higher take … happiness. Sincenegative emotions are experienced as painful, there is direct hedonicimpact. (2) Irritation and contempt drive …-related regulation of emotions.<p>This discussion paper has resulted in a publication in <I>The Economic Journal</I>, January 2002, 147 …
Persistent link: https://www.econbiz.de/10011255559
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The Behavioral Impact of Emotions in a Power to take Game: An Experimental Study
Bosman, Ronald; Winden, Frans A.A.M. van - Tinbergen Institute - 1999
, we are primarily interested in how emotions influence responder behavior. Our findings are the following. (1) A higher … intensity of joy and happiness. Since negative emotions are experienced as painful, there is direct hedonic impact. (2 … in terms of norm-related regulation of emotions.<BR><BR> …
Persistent link: https://www.econbiz.de/10005137100
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Introducing Social Norms in Game Theory
López-Pérez, Raúl - Institut für Volkswirtschaftslehre, … - 2006
, people anger at transgressors and get pleasure from punishing them. I then study how social norms and emotions affect …
Persistent link: https://www.econbiz.de/10005627881
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Peer-Induced Fairness in Games
Ho, Teck - 2012
People exhibit peer-induced fairness concerns when they look to their peers as a reference to evaluate their endowments. We analyze two independent ultimatum games played sequentially by a leader and two followers. With peer-induced fairness, the second follower is averse to receiving less than...
Persistent link: https://www.econbiz.de/10012712703
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Sharing or gambling? On risk attitudes in social contexts
Kocher, Martin G.; Krawczyk, Michal; Le Lec, Fabrice - Volkswirtschaftliche Fakultät, … - 2013
This paper investigates experimentally whether risk attitudes are stable across social contexts. In particular, it focuses on situations where some resource (for instance, a position, decision power, a bonus) has to be allocated between two parties: the decision maker can either opt for sharing...
Persistent link: https://www.econbiz.de/10010941605
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Do race-based preferences perpetuate discrimination against marginalized ethnic groups?
Wydick, Bruce - In: Journal of Developing Areas 42 (2008) 1, pp. 165-181
Race-based preferential policies have been employed in the United States and other countries such as Malaysia, South Africa, Brazil, and India to foster economic development among economically marginalized ethnic groups. This research applies a two-player signaling model to help understand...
Persistent link: https://www.econbiz.de/10011213019
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Promises and Expectations
Ederer, Florian; Stremitzer, Alexander - Cowles Foundation for Research in Economics, Yale University - 2013
We investigate why people keep their promises in the absence of external enforcement mechanisms and reputational effects. In a controlled laboratory experiment we show that exogenous variation of second-order expectations (promisors' expectations about promisees' expectations that the promise...
Persistent link: https://www.econbiz.de/10011252589