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In this paper, we introduce the concept of payoff distortion in the standard prisoner’s dilemma game when strategies are driven by psychological behaviors. This concept enables to take account each player’s assessment of the other player’s behavior and the asymmetry of information. We...
Persistent link: https://www.econbiz.de/10003883010
We test the assumption that preferences are unchanged throughout a strategic game in the absence of feedback. To do so, we study the relationship between the strategic nature of a game and players' identification in social groups. We present evidence that the strategic nature of the game affects...
Persistent link: https://www.econbiz.de/10003879425
This paper reports the results of an experimental investigation which allows a deeper insight into the nature of social preferences amongst organized criminals and how these differ from "ordinary" criminals on the one hand and from the non‐criminal population in the same geographical area on...
Persistent link: https://www.econbiz.de/10011458326
We systematically investigate prisoner's dilemma games and dictator games with valence framing. We find that give versus take frames influence subjects' behavior and beliefs in the prisoner's dilemma game but not in the dictator game
Persistent link: https://www.econbiz.de/10012963586
Standard equilibrium concepts in game theory find it difficult to explain the empirical evidence from a large number of …
Persistent link: https://www.econbiz.de/10011384070
Studies of cooperation in infinitely repeated matching games focus on homogeneous economies, where full cooperation is efficient and any defection is collectively sanctioned. Here we study heterogeneous economies where occasional defections are part of efficient play, and show how to support...
Persistent link: https://www.econbiz.de/10011584447
We test the assumption that social preferences are unchanged throughout a one-shot strategic game. To do so, we study the relationship between the strategic nature of a game and identification in social groups. In our experiment, the subjects play one of two versions of the prisoner's dilemma...
Persistent link: https://www.econbiz.de/10012712580
Experiment participants in a social dilemma game choose cooperation over defection, even though neither is more beneficial. High levels of cooperation cannot be explained by favorable labels for actions, collusion, k-level reasoning, quantal response behavior, or misplaced optimism about others'...
Persistent link: https://www.econbiz.de/10015371413
This paper suggests a novel way to import the approach of axiomatic theories of individual choice into strategic settings and demonstrates the benefits of this approach. We propose both a tractable behavioral model as well as axioms applied to the behavior of the collection of players, focusing...
Persistent link: https://www.econbiz.de/10011705220
This paper studies children's behavior in a prisoner's dilemma game. I attempted to teach children cooperation by means of a short moral lecture. Over the period of 12 months, I experimented with 196 children between the ages of six and eleven. The experimental findings are as follows. (1) In...
Persistent link: https://www.econbiz.de/10014141337