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’s behavior and the asymmetry of information. We determine the conditions which allow that mutual cooperation constitutes the … ; Behavior ; Cooperation ; prisoner’s dilemma game … equilibrium. we particularly focus on the reciprocity in case of complete and incomplete information about the payoff distortion …
Persistent link: https://www.econbiz.de/10003883010
This papers reports some scattered notes on the prisoner's dilemma and on decision theory originated by the reading of Nozick (1993). It aims at highlighting some obscure aspects of decision theory and, in particular, of game theory: excessive abstraction, non-consideration of contexts and...
Persistent link: https://www.econbiz.de/10013152813
We formulate and solve the problem of optimal mechanism-design by a principal facing adverse selection and moral hazard from different sources. The parties' decision problem is comprised of a publicly observable collective choice and a partially private social choice. As in agency with pure...
Persistent link: https://www.econbiz.de/10013021573
individual and collective behavior thus opening the ground for further research D. Kahneman, and T. Schelling. This article …
Persistent link: https://www.econbiz.de/10013145297
wide range of stylized facts, like conditional cooperation, costly punishment, the role of intentions, or concerns for …
Persistent link: https://www.econbiz.de/10014056692
Confidence seems to replace certain knowledge and the necessity for specific information. It simplifies economical processes and procedures, it motivates investing, and obviously, it enhances welfare — if it was missing, innumerable dealings would not be made. Consequently, if confidence among...
Persistent link: https://www.econbiz.de/10013111255
Studies of cooperation in infinitely repeated matching games focus on homogeneous economies, where full cooperation is …
Persistent link: https://www.econbiz.de/10011584447
This paper demonstrates that cooperation in international environmental negotiations can be explained by preferences … standard non-cooperative equilibrium, cooperation of a large fraction or even of all countries can establish a Nash equilibrium … full cooperation can be reached. …
Persistent link: https://www.econbiz.de/10011445929
We examine the effect of payoff variations on cooperation in one-shot prisoner's dilemma games. We focus on three … impact on cooperation. Temptation directly deters cooperation and indirectly harms cooperation by lowering beliefs about the … opponent's cooperativeness. Efficiency indirectly affects cooperation through beliefs, but the magnitude of the effect is …
Persistent link: https://www.econbiz.de/10012243014
Sick pay is a common provision in most labor contracts. This paper employs an experimental gift-exchange environment to explore two related questions using both managers and undergraduates as subjects. First, do workers reciprocate sick pay in the same way as they reciprocate wage payments?...
Persistent link: https://www.econbiz.de/10003770700