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We report an experiment exploring sequential context effects on strategy choices in one-shot Prisoner's Dilemma (PD) game. Rapoport and Chammah (1965) have shown that some PDs are cooperative and lead to high cooperation rate, whereas others are uncooperative. Participants played very...
Persistent link: https://www.econbiz.de/10005575037
Vlaev and Chater (2006) demonstrated that the cooperativeness of previously seen prisoner's dilemma games biases choices and predictions in the current game. These effects were: a) assimilation to the mean cooperativeness of the played games caused by action reinforcement, and b) perceptual...
Persistent link: https://www.econbiz.de/10005773057
We report a study of the effects the choice set on financial decision making related to retirement savings and risky investment. The participants were presented with either a full range of choice options or a limited subset of the feasible options. The choices of saving and risk are affected by...
Persistent link: https://www.econbiz.de/10005612488
Would you redirect a trolley to save five people even if it means that the trolley will run over a person on the side track? Most people say they would. Would you push that same person into the path of the trolley in order to save the five? Most people say they would not. These sorts of...
Persistent link: https://www.econbiz.de/10009353474