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Consider the simple question 'Imagine you and several others are to share a valuable resource; what allocation would you find maximally unfair?' Recent theoretical and empirical work of Eriksson and Simpson (in press) suggests that responses to this question taps important individual differences...
Persistent link: https://www.econbiz.de/10014178841
From a game theoretic point of view, a social norm can sometimes be considered as a Nash equilibrium in a coordination game. Here we point out a psychological reason why such a social norm might erode, even if it is beneficial and agents have rational intentions. The reason is a well-established...
Persistent link: https://www.econbiz.de/10014134065