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We examine the link between social institutions and individuals' propensity to cooperate in a simple game theoretic framework. To begin, we transform the usual prisoner's dilemma game over material payoffs into one with utility payoffs by including non-material preferences. By introducing a...
Persistent link: https://www.econbiz.de/10009429919
This paper introduces a generalized representation of the formation of continuous preferences (which can reflect different intensities). The preference intensity that a child adopts is formed as the collective outcome of all role models for preference intensities - which are derived from the...
Persistent link: https://www.econbiz.de/10009452567
Persistent link: https://www.econbiz.de/10011324352