We study how the willingness to enter long-term bilateral relationships affects cooperation even when parties have … little information about each other, ex ante, and cooperation is otherwise unenforceable. We experimentally investigate a … research, longer interactions facilitate cooperation. However, many individuals avoid long-term commitment, with uncooperative …

benefits in the case of cooperation, using field data from a modified one-shot prisoner's dilemma played in a high …

' fairness concerns, making them more likely to accept low offers. Consistent with our theory, we also find that past experience …

the two main components of prospect theory, the value function and the probability weighting function, are complements in … probabilities. Behavior as described by prospect theory might therefore be evolution's second-best solution to the fitness …