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This paper provides an argument for the advantage of a preference for identity-consistent behaviour from an evolutionary point of view. Within a stylised model of social interaction, we show that the development of cooperative social norms is greatly facilitated if the agents of the society...
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-serving ways, or instead attempt to constrain it, committing to unbiased judgment. Experiments with 6500 participants, including …
Persistent link: https://www.econbiz.de/10012271757
-level reasoning in later rounds of the experiments. Participants display difficulties in transferring learning to unravel in a game …
Persistent link: https://www.econbiz.de/10011811807
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We run an experiment where professional traders, endowed with private information, trade an asset over multiple periods … behavioral traits. Moreover, higher profits are due to the ability to trade at favorable prices rather than to the ability to …
Persistent link: https://www.econbiz.de/10013490632
learned by a variational autoencoder (VAE). Our generalized VAE is optimized to trade off the average payoff obtained over a … environment. We apply our model to the coordination game in the experiment of Frydman and Nunnari (2023), and show that it offers …
Persistent link: https://www.econbiz.de/10014469169
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Can differences in cognitive reflection explain other-regarding behavior? To test this, I use the three-item Cognitive Reflection Task to classify individuals as intuitive or reflective and correlate this measure with choices in three games that each subject participates in. The main sample...
Persistent link: https://www.econbiz.de/10012431890
Trust and reciprocity have paramount importance in cooperative relationships. The influence of psychological effects such as framing and anchoring on trust and reciprocity has been investigated; however, the impact of an order effect on them is still unexplored. The goal of our study was to...
Persistent link: https://www.econbiz.de/10014422225