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Previous studies have found that subjects with higher CRT scores usually make choices that are closer to Nash equilibrium. In this paper, we disentangle two potential explanations for this finding: it could be that high CRT subjects possess a higher reasoning level, or it could be that their...
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Delinquents are embedded in a network of relationships. Social ties among delinquents are modeled by means of a graph where delinquents compete for a booty and benefit from local interactions with their neighbors. Each delinquent decides in a non-cooperative way how much delinquency effort he...
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