In repeated games, it is hard to distinguish true prosocial behavior from strategic instrumental behavior. In particular, a player does not know whether a reciprocal action is intrinsically or instrumentally motivated. In this paper, we experimentally investigate the relationship between...

The widespread evidence of multiple bank lending relationships in credit markets suggests that firms are interested in setting up a diversity of banking links. However, it is hard to know from the empirical data whether a firm's observed number of lenders is symptomatic of financial constraints...

We introduce a novel approach for organizing behavior and explaining cooperation in repeated games. Our approach is based on the idea that players differ according to an inherent propensity to cooperate that systematically affects behavior and cooperation levels. We formulate the empirical...

The article distinguishes the scientist of the opinable thing, because the epistemology must explain: the nature and the path to obtain the concepts and scientific theories; the methodology with which one threads the laws and theories that give sustenance to sciences. This is the importance of...

This paper explores the implications of fairness and reciprocity in dynamic market games. A reciprocal player responds to kind behavior of rivals with unkind actions (destructive reciprocity), while at the same time, it responds to kind behavior of rivals with kind actions (constructive...

We examine convergence behavior in simple bimatrix games. We classify possible types of simple games, pick interesting examples of each type, and summarize convergence behavior under various information and player matching protocols.