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Do experimental subjects have consistent first and higher-order beliefs about others? How does any inconsistency affect strategic decisions? We introduce a simple four-player sequential social dilemma where actions reveal first and higher-order beliefs. The unique sub-game perfect Nash...
Persistent link: https://www.econbiz.de/10014245192
In prosocial decisions, decision-makers are inherently uncertain about how their decisions impact others' utility - we call this interpersonal uncertainty. We show that people's response to interpersonal uncertainty shapes well-known patterns of prosocial behavior. First, using standard social...
Persistent link: https://www.econbiz.de/10014578386
In prosocial decisions, decision-makers are inherently uncertain about how their decisions impact others’ utility – we call this interpersonal uncertainty. We show that people’s response to interpersonal uncertainty shapes well-known patterns of prosocial behavior. First, using standard...
Persistent link: https://www.econbiz.de/10014576953