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We experimentally study the effect of asymmetry on cooperation in a 40 period prisoner's dilemma game in fixed partner design. We distinguish between a high and low payoff symmetric prisoner's dilemma and an asymmetric game combined out of both symmetric ones. Asymmetry significantly decreases...
Persistent link: https://www.econbiz.de/10010264803
We experimentally investigate purchase decisions with linear and nonlinear pricing under risk. The experiment is based on a single period stochastic inventory problem with endogenous cost. It extends classic binary lottery experiments to test standard decision theoretic predictions concerning...
Persistent link: https://www.econbiz.de/10010264816
Common research on decision-making investigates non-interdependent situations, i.e., games against nature". However, humans are social beings and many decisions are made in social settings, where they mutually influence each other, i.e., strategic games". Mathematical game theory gives a...
Persistent link: https://www.econbiz.de/10010266958
The structure of a social dilemma lies behind many environmental problems. Mingling temporal aspects of resources with the structure of the social dilemma often leads to wrong conclusions. Therefore, it is worth analytically separating temporal aspects from structural aspects of the dilemma....
Persistent link: https://www.econbiz.de/10010266983
Broken Windows: the metaphor has changed New York and Los Angeles. Yet it is far from undisputed whether the broken windows policy was causal for reducing crime. In a series of lab experiments we show that first impressions are indeed causal for cooperativeness in three different institutional...
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Broken windows: the metaphor has changed New York and Los Angeles. Yet it is far from undisputed whether the broken windows policy was causal for reducing crime. The scope of the theory is not confined to crime. The theory claims that crime is inextricably linked to social order more generally....
Persistent link: https://www.econbiz.de/10011039735