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Classical economic theory assumes that people are rational and selfish, but behavioral experiments often point to …
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and transparency are costly and optional exposes a middle ground between standard game theory without mindsight and … evolution of preferences theory with obligatory and costless mindsight. We show that the only evolutionarily stable monomorphic …
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resource, and there is uncertainty about who will win the resource if they choose to compete. Players have different confidence … know her opponent's confidence level. We characterize the evolutionarily stable equilibrium, represented by players …' strategies and distribution of confidence levels. Under different informational environments, a majority of players are …
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We consider the notions of static and dynamic reasonableness of requests in a trust game experiment. We vary systematically the experimental norm of what is expected from trustees to return to trustors, both in terms of level of each request and in terms of sequence of the requests. Static...
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