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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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feasible set of experiments. Receiver observes the realization of this experiment and chooses an action. We characterize …We introduce experimental persuasion between Sender and Receiver. Sender chooses an experiment to perform from a … the experiment. Our model includes Bayesian persuasion as the special case in which every experiment is feasible; however …
Persistent link: https://www.econbiz.de/10012618374
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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
Economists have been theorizing that other-regarding preferences influence decision making. Yet, what are the corresponding psychological mechanisms that inform these preferences in laboratory games? Empathy and Theory of Mind (ToM) are dispositions considered to be essential in social...
Persistent link: https://www.econbiz.de/10003980496