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Network formation constitutes an important part of many social and economic processes, but relatively little is known about how individuals make their linking decisions. This article provides an experimental investigation of behavioral effects in individual decisions of network formation. Our...
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We study games played between groups of players, where a given group decides which strategy it will play through a vote by its members. When groups consist of two voting players, our games can also be interpreted as network-formation games. In experiments on Stag Hunt games, we find a stark...
Persistent link: https://www.econbiz.de/10014073874
Heuristics Hypothesis (SHH) proposes that fast instinctive decision making promotes cooperation in social dilemmas. In this paper …, we conduct a novel time-pressure experiment to shed light on the cognitive underpinnings of cooperation. Although we find … finding that fast and intuitive decision making promotes cooperation. Given payoff comprehension, the SHH predicts behavior …
Persistent link: https://www.econbiz.de/10011458007
competition (lottery contest) and one that encourages cooperation (public good game). We find that simultaneous participation in … strategic uncertainty and path-dependence across games. Our design allows us to compare preferences for cooperation and …
Persistent link: https://www.econbiz.de/10013115257
We review two fundamentally different ways that decision time is related to cooperation. First, studies have … experimentally manipulated decision time to understand how cooperation is related to the use of intuition versus deliberation …. Current evidence supports the claim that time pressure (and, more generally, intuition) favors cooperation. Second …
Persistent link: https://www.econbiz.de/10014113978
equally biased by external anchors. We thus suggest that group cooperation reduces biases prevalent on the individual level …
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individuals are equally biased by external anchors. Group cooperation thus reduces biases for predominantly intellective tasks …
Persistent link: https://www.econbiz.de/10011525580
effect on higher moments of the distribution remains unexplored. Through a pre-registered online experiment (N=732), we find …
Persistent link: https://www.econbiz.de/10014515782