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Whom are you talking with? An experiment on credibility and communication structure

Grandjean, Gilles; Mantovani, Marco; Mauleon, Ana; … - 2014

equilibria, where a pair of agents has a profitable joint deviation from the Pareto-dominant equilibrium. According to our … analysis of credibility, the subjects should communicate and play the Pareto optimal equilibrium only when communication is … public. When pairs of agents exchange messages privately, the players should play the Pareto dominated equilibrium and …

Persistent link: https://www.econbiz.de/10010491446

Does Payoff Equity Facilitate Coordination? A test of Schelling's Conjecture

López-Pérez, Raúl; Pintér, Ágnes; Kiss, Hubert János - 2013

coordination in normal-form games with multiple equilibria ?the more equitable equilibrium might be selected either because … this line, we propose a selection principle called Equity (EQ), which selects the equilibrium in pure strategies minimizing … the difference between the highest and smallest payoff, if only one such equilibrium exists. Using a within …

Persistent link: https://www.econbiz.de/10010494570

Frustration and Anger in Games

Battigalli, Pierpaolo; Dufwenberg, Martin; Smith, Alec - 2015

Frustration, anger, and aggression have important consequences for economic and social behavior, concerning for example monopoly pricing, contracting, bargaining, traffic safety, violence, and politics. Drawing on insights from psychology, we develop a formal approach to exploring how...

Persistent link: https://www.econbiz.de/10010500414

Mechanism design and intentions

Bierbrauer, Felix; Netzer, Nick - 2014

We introduce intention-based social preferences into a mechanism design framework with independent private values and quasilinear payoffs. For the case where the designer has no information about the intensity of social preferences, we provide conditions under which mechanisms which have been...

Persistent link: https://www.econbiz.de/10011282463

Do leaders affect ethical conduct?

D'Adda, Giovanna; Darai, Donja; Weber, Roberto A. - 2014

We study whether leaders influence the unethical conduct of followers. To avoid selection issues present in natural environments, we use a laboratory experiment in which we form groups and assign leadership roles at random. We study an environment in which groups compete, with dishonest behavior...

Persistent link: https://www.econbiz.de/10011282497

Strategic decision-making and social skills: Integrating behavioral economics and social cognition research

Leder, Johannes; Schilbach, Leonhard; Mojzisch, Andreas - In: International Journal of Financial Studies 4 (2016) 4, pp. 1-14

Strategic decisions are affected by beliefs about the expectations of others and their possible decisions. Thus, strategic decisions are influenced by the social context and by beliefs about other actors' levels of sophistication. The present study investigated whether strategic decision-making,...

Persistent link: https://www.econbiz.de/10011709014

Cooperate without looking in a non-repeated game

Hilbe, Christian; Hoffman, Moshe; Nowak, Martin A. - In: Games 6 (2015) 4, pp. 458-472

We propose a simple model for why we have more trust in people who cooperate without calculating the associated costs. Intuitively, by not looking at the payoffs, people indicate that they will not be swayed by high temptations to defect, which makes them more attractive as interaction partners....

Persistent link: https://www.econbiz.de/10011709861

Salience and strategy choice in 2 × 2 games

Leland, Jonathan W.; Schneider, Mark - In: Games 6 (2015) 4, pp. 521-559

Nash equilibrium will always occur, ones where it will never occur, and ones where it will occur only for certain payoff …

Persistent link: https://www.econbiz.de/10011709864

Resource Scarcity, Spite and Cooperation

Prediger, Sebastian; Vollan, Björn; Herrmann, Benedikt - 2013

Using an experimental approach, this paper examines how scarcity of natural resources affects people's readiness to cooperate or engage in antisocial behavior. The experiments were carried out with pastoralists from southern Namibia, whose livelihoods greatly depend on grazing availability on...

Persistent link: https://www.econbiz.de/10010314762

Rotten kids with bad intentions

Netzer, Nick; Schmutzler, Armin - 2010

show that any equilibrium must involve mutually unkind behavior of both players, endogenously generating negative emotions … prevents equilibrium from being materially Pareto efficient. Compared to the subgame-perfect equilibrium without social …

Persistent link: https://www.econbiz.de/10010315514