A core element of economic theory is the assumption of stable preferences. We test this assumption in public goods games by repeatedly eliciting cooperation preferences in a fixed subject pool over a period of five months. We find that cooperation preferences are very stable at the aggregate...

It is often assumed that people engage in costly punishment of third parties for prosocial reasons. In this study, we examined to what extent people engage in costly punishment of third parties in response to a perceived punishment threat rather than due to prosocial reasons. Using a modified...