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The endowment effect – the tendency for owners (potential sellers) to value objects more than potential buyers – is among the most widely studied judgment and decision-making phenomena. However, the current research is the first to explore whether the effect varies across cultures. Given...
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We introduce a game theory model of individual decisions to cooperate by contributing personal resources to group decisions versus by free-riding on the contributions of other members. In contrast to most public-goods games that assume group returns are linear in individual contributions, the...
Persistent link: https://www.econbiz.de/10014191196
Interventions are to the social sciences what inventions are to the physical sciences—an application of science as technology. Behavioural science has emerged as a powerful toolkit for developing public policy interventions for changing behaviour. However, the translation from principles to...
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This article describes how corruption can and ought to be viewed as competing scales of cooperation. Viewing corruption through the lens of the cooperation literature gives us a mature theoretical and empirical framework from which to derive predictions and make sense of existing findings. This...
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In recent years a large number of experimental studies have documented the existence of strong reciprocity among humans. Strong reciprocity means that people willingly repay gifts and punish the violation of cooperation and fairness norms even in anonymous one-shot encounters with genetically...
Persistent link: https://www.econbiz.de/10010262063
This paper presents a simple mathematical model that shows how economic inequality between social groups can arise and be maintained even when the only adaptive learning processes driving cultural evolution increases individual's economic gains. The key assumption is that human populations are...
Persistent link: https://www.econbiz.de/10010266722
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