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We analyze subjects' eye movements while they make decisions in a series of one-shot games. The majority of them perform a partial and selective analysis of the payoff matrix, often ignoring the payoffs of the opponent and/or paying attention only to specific cells. Our results suggest that...
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We characterize the class of symmetric two-player games in which tit-for-tat cannot be beaten even by very sophisticated opponents in a repeated game. It turns out to be the class of exact potential games. More generally, there is a class of simple imitation rules that includes tit-for-tat but...
Persistent link: https://www.econbiz.de/10009743040
; altruism ; conditional cooperation ; egoism ; social dilemma … Switzerland and that entering messengers must work in performance pay firms in the U.S. We find that the erosion of cooperation …
Persistent link: https://www.econbiz.de/10003292055
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This paper studies the design of enforcement policies to detect and deter harmful short-term activities committed by groups of injurers. With an ordered-leniency policy, the degree of leniency granted to an injurer who self-reports depends on his or her position in the self-reporting queue. By...
Persistent link: https://www.econbiz.de/10011927247
receive reduced sanctions. We replicate the strategic environment described by Landeo and Spier (2018). In theory, the optimal …
Persistent link: https://www.econbiz.de/10011927250
We show in a public goods experiment on three continents that conditional cooperation is a universal behavioral … regularity. Yet, the number of conditional cooperators and the extent of conditional cooperation are much higher in the U ….S.A. than anywhere else. -- conditional cooperation ; public goods ; experiment …
Persistent link: https://www.econbiz.de/10009729297
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emphasizing variables derived from formal decision theory. In a data set on trainee truckers in a large US company, we provide a … comparing the predictive power of measurements derived from personality theory and decision theory for several individual …. Further, decision theory and personality variables are meaningfully related. For example, we confirm that cognitive ability …
Persistent link: https://www.econbiz.de/10009570095