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-cooperative strategic games. Cooperation models, such as ERC and inequality aversion, yield superior predictions compared to the standard … account well for the observed fairness and cooperation in all the tested games. The impressive predictions of the theory … promoting fairness and cooperation in the discussed games is only marginal. Strikingly, the Golden Ratio, known for its …
Persistent link: https://www.econbiz.de/10013252726
This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
Persistent link: https://www.econbiz.de/10011398368
pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without …
Persistent link: https://www.econbiz.de/10011398786
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Public goods games often assume that the effect of the public good is a linear function of the number of contributions. In many cases, however, especially in biology, public goods have nonlinear effects, and nonlinear games are known to have dynamics and equilibria that can differ dramatically...
Persistent link: https://www.econbiz.de/10011849547
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Problems which can only be resolved through international cooperation are increasing. Due to this increase, states … problems. When social scientists analyze the potential for cooperation on global public goods, they focus on the benefits from … cooperation and on the game theoretic structures under which cooperation may arise; they have until now, however, neglected to …
Persistent link: https://www.econbiz.de/10010375146
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theoretically and empiricallywhether (and to what extent) conditional cooperation can explainhow individual contributions evolve in … including non-pecuniary preferences we elicit participants' beliefs.Our econometric results show that the distribution of …
Persistent link: https://www.econbiz.de/10005866947