approach by assuming certain properties for the winning probability that imply efficiency gains from cooperation in contest … settings. Efficiency gains are said to be generated if any coalition experiences increasing marginal returns with aggregate … generate sufficient efficiency gains, then any equilibrium always consists of two or more coalitions where at least two …

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 … central in informing behavior in one-shot games. -- Altruism ; Inequality, Empathy ; Theory of Mind ; Behavioral Economics …

Previous research on public-good games revealed greater contributions by fast decision-makers than by slow decision … location of the equilibrium determines whether contributions are larger for fast decision-makers than for slow decision …-makers. Replicating previous results, we find that fast decision-makers give more than slow decision-makers when the equilibrium is below …

In economic theory, an agent chooses from available alternatives-modeled as a set. In decisions in the field or in the … represented to make their choice. In this paper, we model representations and decision procedures operating on them. We show that … rational behavior. Classical choice theory operates on very limited information, typically budgets or menus and final choices …

the donation decision. Furthermore, while donation behavior is independent from the order of play, dictator game behavior … outside influences when subjects are confronted with a new decision situation, while in a well-known situation preferences are …

attention only to specific cells. Our results suggest that subjects apply boundedly rational decision heuristics that involve … best responding to a simplification of the decision problem, obtained either by ignoring the other players' motivations or …