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Repeated interaction in integroup conflict was studied in the context of two team games: the intergroup public goods (IPG) game and the intergroup prisoner's dilemma (IPD) game. The results reveal (a) a main effect for game type; subjects were twice as likely to contribute toward their group...
Persistent link: https://www.econbiz.de/10011166224
Erev, Ert, and Roth organized three choice prediction competitions focused on three related choice tasks: one shot decisions from description (decisions under risk), one shot decisions from experience, and repeated decisions from experience. Each competition was based on two experimental...
Persistent link: https://www.econbiz.de/10011195734
An examination of the behavioral effect of repeated terrorist attacks reveals that local residents (of the attacked area) appear to be much less sensitive to this risk than international tourists. Furthermore, the limited sensitivity on the part of local residents seems to diminish with time,...
Persistent link: https://www.econbiz.de/10010801679
Groups of five players participated in a social dilemma game in which each player receives a monetary endowment and then chooses whether to contribute it to a monetary public good. The good is provided to all group members if at least three contributions are made; it is not provided, otherwise....
Persistent link: https://www.econbiz.de/10010813026
Uncertainty pervades most aspects of life. From selecting a new technology to choosing a career, decision makers rarely know in advance the exact outcomes of their decisions. Whereas the consequences of decisions in standard decision theory are explicitly described (the decision from description...
Persistent link: https://www.econbiz.de/10010989717
Analyses of the impact of unpleasant experiences reveal two contradictory effects: direct studies of experienced utility reflect overweighting the peak (rare and most extreme) experience, but studies of decisions from experience reflect underweighting of the peak and reliance on the frequent...
Persistent link: https://www.econbiz.de/10010930946
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