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Does altruism and morality lead to socially better outcomes in strategic interactions than selfishness? We shed some … material payoff if others were to act like himself or herself. It turns out that both altruism and morality may improve or … worsen equilibrium outcomes, depending on the nature of the game. Not surprisingly, both altruism and morality improve the …
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The main insight of this paper is that moral behavior does not necessarily alleviate coordination problems or may even worsen them, if individuals possess different degrees of morality. We characterize heterogenous Alger-Weibull morality preferences in a canonical model of voluntary...
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irrational and proposes "adaptive rationality," a new direction for understanding human behavior. Taking anomalies in ultimatum … nature of the book, which encompasses the latest research across an astonishingly wide range of fields—including game theory … excitement. While this is an academic book discussing human rationality, it can also be seen as a popular science book that …
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The strategy method is often used in public goods games to measure an individual's willingness to cooperate depending on the level of cooperation by their groupmates (conditional cooperation). However, while the strategy method is informative, it risks conflating confusion with a desire for fair...
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