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Statistical foundations of ecological rationality
Brighton, Henry - 2020
theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a …If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …
Persistent link: https://www.econbiz.de/10012159880
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Risk, temptation, and efficiency in the one-shot prisoner's dilemma
Gächter, Simon; Lee, Kyeongtae; Sefton, Martin; Weber, … - 2021
The prisoner's dilemma (PD) is arguably the most important model of social dilemmas, but our knowledge about how a PD’s material payoff structure affects cooperation is incomplete. In this paper we investigate the effect of variation in material payoffs on cooperation, focussing on one-shot PD...
Persistent link: https://www.econbiz.de/10012694148
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Risk, temptation, and efficiency in the one-shot prisoner's dilemma
Gächter, Simon; Lee, Kyeongtae; Sefton, Martin; Weber, … - 2021
The prisoner's dilemma (PD) is arguably the most important model of social dilemmas, but our knowledge about how a PD's material payoff structure affects cooperation is incomplete. In this paper we investigate the effect of variation in material payoffs on cooperation, focussing on one-shot PD...
Persistent link: https://www.econbiz.de/10012705584
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Risk, temptation, and efficiency in prisoner's dilemmas
Gächter, Simon; Lee, Kyeongtae; Sefton, Martin - 2020
We examine the effect of payoff variations on cooperation in one-shot prisoner's dilemma games. We focus on three factors: risk, temptation, and efficiency, which we vary as orthogonal treatments. We find that temptation has the largest impact on cooperation. Temptation directly deters...
Persistent link: https://www.econbiz.de/10012243014
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Risk, Temptation, and Efficiency in the One-Shot Prisoner's Dilemma
Gächter, Simon; Lee, Kyeongtae; Sefton, Martin; Weber, … - 2021
The prisoner’s dilemma (PD) is arguably the most important model of social dilemmas, but our knowledge about how a PD’s material payoff structure affects cooperation is incomplete. In this paper we investigate the effect of variation in material payoffs on cooperation, focussing on one-shot...
Persistent link: https://www.econbiz.de/10013312072
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Risk, Temptation, and Efficiency in the One-Shot Prisoner's Dilemma
Gächter, Simon; Lee, Kyeongtae; Sefton, Martin; Weber, Till - 2022
The prisoner's dilemma (PD) is arguably the most important model of social dilemmas, but our knowledge about how a PD's material payoff structure affects cooperation is incomplete. In this paper we investigate the effect of variation in material payoffs on cooperation, focussing on one-shot PD...
Persistent link: https://www.econbiz.de/10014084014
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Axiom preferences and choice mistakes under risk
Herweg, Fabian; Hippel, Svenja; Müller, Daniel; … - 2024
We investigate whether violations of canonical axioms of choice under risk are mistakes or a manifestation of true preferences. First, we elicit axiom and gamble preferences and then allow subjects to revise their potentially conflicting preferences. Among the behavioral patterns that allow for...
Persistent link: https://www.econbiz.de/10014556632
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Rational actors, tit-for-tat types, and the evolution of cooperation
Guttman, Joel M. - In: Journal of economic behavior & organization : JEBO 29 (1996) 1, pp. 27-56
Persistent link: https://www.econbiz.de/10001198769
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Cooperation and punishment mechanisms in uncertain and dynamic social networks
Gallo, Edoardo; Riyanto, Yohanes Eko; Roy, Nilanjana; … - In: Games and economic behavior 134 (2022), pp. 75-103
Persistent link: https://www.econbiz.de/10013341270
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Fallibility in formal macroeconomics and finance theory
Frydman, Roman; Goldberg, Michael D. - In: The journal of economic methodology 20 (2013) 4, pp. 386-396
Persistent link: https://www.econbiz.de/10010342014