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Coevolution of cooperation, preferences, and cooperative signals in social dilemmas
Müller, Stephan; Wangenheim, Georg von - 2016
in a signaling-extended prisoner's dilemma. We identify a new type of evolutionary equilibrium - a transitional … behavior, preferences, and signaling. We thereby offer an explanation for persistent regularities observed in laboratory and … signaling costs between 'conditional cooperators' and 'opportunists.' Indeed, and quite surprisingly, a transitional equilibrium …
Persistent link: https://www.econbiz.de/10011526375
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Coevolution of cooperation, preferences, and cooperative signals in social dilemmas
Müller, Stephan; Wangenheim, Georg von - 2019 - Revised version June 2019
engage in a signaling-extended prisoner's dilemma. We prove the existence of a cooperative equilibrium constituted by a (set …, preferences, and signaling. We thereby offer an explanation for the persistent regularities observed in laboratory and field data …
Persistent link: https://www.econbiz.de/10012018665
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Preemptive Signaling and the Emergence of Trust in Entrepreneurial Investments
Boulu-Reshef, Béatrice; Kuechle, Graciela - 2023
Principal-agent interactions in which the principal signals prosociality may achieve higher levels of trust and reciprocity if both parties care about social esteem. However, it is unclear whether such a separating equilibrium exists when the agent sends the signal first. This is relevant...
Persistent link: https://www.econbiz.de/10014344207
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The Role of Social Esteem in the Trust Game With Preemptive Signaling
Boulu-Reshef, Béatrice; Kuechle, Graciela - 2023
Principal-agent interactions in which the agent can preemptively signal prosociality can achieve higher levels of trust and reciprocity if both parties care about social esteem (Boulu-Reshef and Kuechle, 2023). However, it is unclear to what extent social esteem is necessary for this outcome. In...
Persistent link: https://www.econbiz.de/10014347169
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Psychological foundations of incentives
Fehr, Ernst; Falk, Armin - 2002
. Yet, they constrained their attention to a very narrow and empirically questionable view of human motivation. The purpose … of this paper is to show that this narrow view of human motivation may severely limit understanding the determinants and …
Persistent link: https://www.econbiz.de/10011409795
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Inefficiency and regulation in credence goods markets with altruistic experts
Farukh, Razi; Kerkhof, Anna; Loebbing, Jonas - 2020
We study a credence goods problem - that is, a moral hazard problem with non-contractible outcome - where altruistic experts (the agents) care both about their income and the utility of consumers (the principals). Experts' preferences over income and their consumers' utility are convex, such...
Persistent link: https://www.econbiz.de/10012431181
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It hurts to ask
Bénabou, Roland; Jaroszewicz, Ania; Loewenstein, George - 2022
We analyze the offering, asking, and granting of help or other benefits as a three-stage game with bilateral private information between a person in need of help and a potential help-giver. Asking entails the risk of rejection, which can be painful: since unawareness of the need can no longer be...
Persistent link: https://www.econbiz.de/10013382050
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It Hurts To Ask
Bénabou, Roland; Jaroszewicz, Ania; Loewenstein, George - National Bureau of Economic Research - 2022
We analyze the offering, asking, and granting of help or other benefits as a three-stage game with bilateral private information between a person in need of help and a potential help-giver. Asking entails the risk of rejection, which can be painful: since unawareness of the need can no longer be...
Persistent link: https://www.econbiz.de/10013388842
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Altruistic Observational Learning
March, Christoph - 2016
We report two information cascade game experiments that directly test the impact of altruism on observational learning. Participants interact in two parallel sequences, the observed and the unobserved sequence. Only the actions of the observed entail informational benefits to subsequent...
Persistent link: https://www.econbiz.de/10012995188
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It Hurts to Ask
Bénabou, Roland; Jaroszewicz, Ania; Loewenstein, George - 2022
We analyze the offering, asking, and granting of help or other benefits as a three-stage game with bilateral private information between a person in need of help and a potential help-giver. Asking entails the risk of rejection, which can be painful: since unawareness of the need can no longer be...
Persistent link: https://www.econbiz.de/10014076462