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Simulation is a way to deal with complex situations. A simplified model of a complex situation is built, from this model is leaned, and what has been learned is translated back to the real life setting. Simulation gaming is based on this idea. However, making inferences about real settings based...
Persistent link: https://www.econbiz.de/10014196050
One way to deal with complex situations is the simulation approach: build a simplified model of this reality, learn from this simplified model, and, finally, translate the findings or knowledge back to the reality. Gaming is based on this idea, If we want to make inferences about reality based...
Persistent link: https://www.econbiz.de/10013133737
Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...
Persistent link: https://www.econbiz.de/10014531967
This paper argues that the acceptance of two recent methodological advances in economics, namely game theory and laboratory experimentation, was affected by the history dependence constraining the formalization of economics. After an early period in which the two methods were coolly received by...
Persistent link: https://www.econbiz.de/10014070141
Experimentalists frequently claim that human subjects playing games in the laboratory violate such solution concepts as Nash equilibrium and subgame perfection. This claim is premature. What has been rejected are certain joint hypotheses about preferences, knowledge, and behavior. This note...
Persistent link: https://www.econbiz.de/10005649156
The most fundamental solution concepts in Game Theory Nash equilibrium, backward induction, and iterated elimination of dominated strategies are based on the assumption that people are capable of predicting others' actions. These concepts require people to be able to view the game from the other...
Persistent link: https://www.econbiz.de/10003086457
The opportunity to tell a white lie (i.e., a lie that benefits another person) generates a moral conflict between two opposite moral dictates, one pushing towards telling always the truth and the other pushing towards helping others. Here we study how people resolve this moral conflict. What...
Persistent link: https://www.econbiz.de/10014135119
What is the extent and nature of religious prosociality? If religious prosociality exists, is it parochial and extended selectively to co-religionists, or is it generalized regardless of the recipient? Further, is it driven by preferences to help others or by expectations of reciprocity? We...
Persistent link: https://www.econbiz.de/10014142941
This paper reports the results of a meta-study of 89 prisoner's dilemma experiments comprising more than 3000 participants across 6 countries. We organize existing evidence and explain seemingly contradictory results in the existing literature by focusing on two dimensions of the dilemma:...
Persistent link: https://www.econbiz.de/10013005696
Recent studies suggest that cooperative decision-making in one-shot interactions is a history-dependent dynamic process: promoting intuition versus deliberation has typically a positive effect on cooperation (dynamism) among people living in a cooperative setting and with no previous experience...
Persistent link: https://www.econbiz.de/10013028985