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-cooperative strategic games. Cooperation models, such as ERC and inequality aversion, yield superior predictions compared to the standard … account well for the observed fairness and cooperation in all the tested games. The impressive predictions of the theory … promoting fairness and cooperation in the discussed games is only marginal. Strikingly, the Golden Ratio, known for its …
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This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
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This paper experimentally explores how the enforcement of cooperative behavior in a social dilemma is facilitated through institutional as well as emotional mechanisms. Recent studies emphasize the importance of negatively valued emotions, such as anger, which motivate individuals to punish free...
Persistent link: https://www.econbiz.de/10011346451
pillar is internalized norms of cooperation, sustained by emotions such as guilt and shame. The second pillar is the … motivation can sustain cooperation if enough people cooperate but can jeopardise social order if many others follow selfish …
Persistent link: https://www.econbiz.de/10010337527
pillar is internalised norms of cooperation, sustained by emotions such as guilt and shame. The second pillar is the … motivation can sustain cooperation if enough people cooperate but can jeopardise social order if many others follow selfish …
Persistent link: https://www.econbiz.de/10010257224
Conditional cooperation is an important factor in voluntary cooperation. Fehr and Schmidt (1999) show that in public … good games conditional cooperation among rational players is feasible if cooperators are sufficiently inequality averse and … above minimum contribution level (symmetric cooperation). We generalize this result by showing, first, that there exist …
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