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This paper addresses the role of affect and emotions in shaping the behavior of responders in the ultimatum game. A huge amount of research shows that players do not behave in an economically rational way in the ultimatum game, and emotional mechanisms have been proposed as a possible...
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Interrelated global crises - climate change, pandemics, loss of ecosystem services and biodiversity - pose risks that demand collective solutions. Uncertainty about others' behavior, coupled with the dependence on some to take collective efforts to mitigate risks for all (e.g. conservation of...
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This paper studies monitoring and punishment behavior by second and third parties in a cooperation experiment with … endogenous information structures: Players are uninformed whether the target player cooperated or defected at the cooperation … to increasingly weaker incentives for cooperation relative to second party punishment as monitoring costs rise. In …
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