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We examine experimentally the impact of communication on trust and cooperation. Our design admits observation of … avoid guilt, as can be modeled using psychological game theory. When players exhibit such guilt aversion, communication may …
Persistent link: https://www.econbiz.de/10014089179
Under what conditions can cooperation be sustained in a network of strangers? Here we study the role of institutions … possible, including full intertemporal cooperation supported by a social norm based on community punishment of defectors. We … coordination on intertemporal cooperation in ways that networks of strangers were unable to achieve through social norms. …
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We test an implication that is common to all prominent theories of outcome-based other-regarding preferences: the ordinal preference ranking of an agent over a finite number of alternatives lying on any straight line in the space of material payoffs to oneself and some other agent must be...
Persistent link: https://www.econbiz.de/10012895003
cooperation. While the majority of previous studies equates reputation with a transparent and complete history of players' past …
Persistent link: https://www.econbiz.de/10012935435
large body of research demonstrates the power of “reciprocity” for inducing cooperation: When others know that you have … they think others are also cooperating; and people can develop habits of cooperation that shape their default inclinations …
Persistent link: https://www.econbiz.de/10014037089
We develop a model of social preferences for network games and study its predictions in a local public goods game with multiple equilibria. The key feature of our model is that players' social preferences are heterogeneous. This gives room for disagreement between players about the “right”...
Persistent link: https://www.econbiz.de/10012851631
Departures from "economic man" behavior in many games in which fairness is a salient characteristic are now well documented in the experimental economics literature. These data have inspired development of models of social preferences that assume agents have preferences for equity and efficiency...
Persistent link: https://www.econbiz.de/10014185562