Human behavior is greatly influenced by the social context. The currrent study on men’ and women’s cooperative behavior investigated the influence of long-term and short-term effects of socializing in group. The repeated Prisoner’s dilemma carried out in groups of 6 participants was used...

This paper investigates how the group membership fee influences the cooperation rate within the groups formed through the socialization. Our previous findings suggest that socialization, or social interactions in groups, create sociality and, therefore, establish a society with sustained...

This research investigates how variation in sociality, or the degree to which one feels belonging to a group, affects the propensity for participation in collective action. By bringing together rich models of social behavior from social psychology with decision modeling techniques from...

The possibility that asset markets could be strategically manipulated by large informed traders has fascinated social scientists and market observers for years. There is a well-known story of minions of Nathan Rothschild, who was thought to have the fastest carrier pigeons in London, selling...

In the last ten years theory (e.g., Fudenberg and Levine, 1998) and empirical data fitting have provided many ideas about how equilibria arise in games or markets. This short chapter describes a very general approach to learning in games: "experience-weighted attraction" (EWA) learning. This...

The proposed 2008 TARP auction was intended to facilitate rapid purchases by the U.S. department of Treasury of a wide array of mortgage-backed securities in order to remove these “toxic assets” from the portfolios of financially stressed banks. The Treasury had selected a Reference Price...