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Feedback Punishment And Cooperation In Public Good Experiments
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Book Synopsis Feedback, Punishment and Cooperation in Public Good Experiments by : Nikos Nikiforakis
Download or read book Feedback, Punishment and Cooperation in Public Good Experiments written by Nikos Nikiforakis and published by . This book was released on 2008 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: A number of studies have shown that peer punishment can sustain cooperation in public good games. This paper shows that the format used to give subjects feedback is critical for the efficacy of punishment. Providing subjects with information about the earnings of their peers leads to lower contributions and earnings compared to a treatment in which subjects receive information about the contributions of their peers even though the feedback format does not affect incentives. The data suggest that this is because the feedback format acts as a coordination device, which influences the contribution standards that groups establish.
Book Synopsis Behavioural and Experimental Economics by : Steven Durlauf
Download or read book Behavioural and Experimental Economics written by Steven Durlauf and published by Springer. This book was released on 2016-04-30 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.
Book Synopsis Reward and Punishment in Social Dilemmas by : Paul A.M. Van Lange
Download or read book Reward and Punishment in Social Dilemmas written by Paul A.M. Van Lange and published by Oxford University Press. This book was released on 2014-03-18 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the key scientific challenges is the puzzle of human cooperation. Why do people cooperate? Why do people help strangers, even sometimes at a major cost to themselves? Why do people want to punish others who violate norms and undermine collective interests? Reward and punishment is a classic theme in research on social dilemmas. More recently, it has received considerable attention from scientists working in various disciplines such as economics, neuroscience, and psychology. We know now that reward and punishment can promote cooperation in so-called public good dilemmas, where people need to decide how much from their personal resources to contribute to the public good. Clearly, enjoying the contributions of others while not contributing is tempting. Punishment (and reward) are effective in reducing free-riding. Yet the recent explosion of research has also triggered many questions. For example, who can reward and punish most effectively? Is punishment effective in any culture? What are the emotions that accompany reward and punishment? Even if reward and punishment are effective, are they also efficient -- knowing that rewards and punishment are costly to administer? How can sanctioning systems best organized to be reduce free-riding? The chapters in this book, the first in a series on human cooperation, explore the workings of reward and punishment, how they should be organized, and their functions in society, thereby providing a synthesis of the psychology, economics, and neuroscience of human cooperation.
Book Synopsis Behavioural Economics and Experiments by : Ananish Chaudhuri
Download or read book Behavioural Economics and Experiments written by Ananish Chaudhuri and published by Routledge. This book was released on 2021-05-13 with total page 459 pages. Available in PDF, EPUB and Kindle. Book excerpt: - Incorporates the latest experimental evidence from across economics, psychology and neuroscience to provide cutting-edge introduction for students. - Structured around three key settings – individuals, small groups and larger impersonal groups (e.g. markets) – this text provides a logical framework for the study of economic decision-making. - Includes discussion of emotions including fairness, trust, selfishness and altruism on both a micro and macro level to show how they can influence personal decision making as well as entire economies.
Book Synopsis The Handbook of Experimental Economics by : John H. Kagel
Download or read book The Handbook of Experimental Economics written by John H. Kagel and published by Princeton University Press. This book was released on 2020-05-05 with total page 742 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, which comprises eight chapters, presents a comprehensive critical survey of the results and methods of laboratory experiments in economics. The first chapter provides an introduction to experimental economics as a whole, with the remaining chapters providing surveys by leading practitioners in areas of economics that have seen a concentration of experiments: public goods, coordination problems, bargaining, industrial organization, asset markets, auctions, and individual decision making. The work aims both to help specialists set an agenda for future research and to provide nonspecialists with a critical review of work completed to date. Its focus is on elucidating the role of experimental studies as a progressive research tool so that wherever possible, emphasis is on series of experiments that build on one another. The contributors to the volume--Colin Camerer, Charles A. Holt, John H. Kagel, John O. Ledyard, Jack Ochs, Alvin E. Roth, and Shyam Sunder--adopt a particular methodological point of view: the way to learn how to design and conduct experiments is to consider how good experiments grow organically out of the issues and hypotheses they are designed to investigate.
Book Synopsis Game Theory Evolving by : Herbert Gintis
Download or read book Game Theory Evolving written by Herbert Gintis and published by Princeton University Press. This book was released on 2000 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of strategic action (game theory) is moving from a formal science of rational behavior to an evolutionary tool kit for studying behavior in a broad array of social settings. In this problem-oriented introduction to the field, Herbert Gintis exposes students to the techniques and applications of game theory through a wealth of sophisticated and surprisingly fun-to-solve problems involving human (and even animal) behavior. Game Theory Evolving is innovative in several ways. First, it reflects game theory's expansion into such areas as cooperation in teams, networks, the evolution and diffusion of preferences, the connection between biology and economics, artificial life simulations, and experimental economics. Second, the book--recognizing that students learn by doing and that most game theory texts are weak on problems--is organized around problems, and introduces principles through practice. Finally, the quality of the problems is simply unsurpassed, and each chapter provides a study plan for instructors interested in teaching evolutionary game theory. Reflecting the growing consensus that in many important contexts outside of anonymous markets, human behavior is not well described by classical "rationality," Gintis shows students how to apply game theory to model how people behave in ways that reflect the special nature of human sociality and individuality. This book is perfect for upper undergraduate and graduate economics courses as well as a terrific introduction for ambitious do-it-yourselfers throughout the behavioral sciences.
Book Synopsis Micro-Macro Links and Microfoundations in Sociology RPD by : Vincent Buskens
Download or read book Micro-Macro Links and Microfoundations in Sociology RPD written by Vincent Buskens and published by Routledge. This book was released on 2014-07-16 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: Micro-Macro Links and Microfoundations in Sociology focuses on two main issues in sociology. Firstly, how macro-conditions can explain macro-outcomes mediated by actor behaviour at the micro-level (micro-macro links). Secondly, how alternative micro-models affect macro-outcomes (microfoundations). The contributions reflect key features of micro-macro modelling in sociology as well as recent progress in this field. The chapters address core features of explanations of social phenomena using micro-macro models, the problem of cooperation, heterogeneity of actors, structural balance, opinion formation, segregation, and problems of micro-macro models that are based on rational choice assumptions. Moreover, the contributions show how different research methods can be applied fruitfully, such as laboratory experiments, equilibrium analysis, and agent-based modelling. As a result, the book can be a guide for graduate students who want to develop their skills in building micro-macro models. In addition, the book provides specialists of the different substantive research areas with up-to-date new developments in their research area. This book was originally published as a special issue of Journal of Mathematical Sociology.
Book Synopsis Game Theory by : Danijela Tuljak-Suban
Download or read book Game Theory written by Danijela Tuljak-Suban and published by BoD – Books on Demand. This book was released on 2018-09-26 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a wide range of examples of the uses of game theory, even in situations where such application may seem unsuitable. This book explores cooperative, competitive, leader-follower games and the free-rider problem - as well as games with the aim of maintaining friendships or team work. The reader will be presented with a wide range of practical applications of game theory.
Book Synopsis Game Theory and Experimental Games by : Andrew M. Colman
Download or read book Game Theory and Experimental Games written by Andrew M. Colman and published by Elsevier. This book was released on 2016-06-06 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game Theory and Experimental Games: The Study of Strategic Interaction focuses on the development of game theory, taking into consideration empirical research, theoretical formulations, and research procedures involved. The book proceeds with a discussion on the theory of one-person games. The individual decision that a player makes in these kinds of games is noted as influential as to the outcome of these games. This discussion is followed by a presentation of pure coordination games and minimal situation. The ability of players to anticipate the choices of others to achieve a mutually beneficial outcome is emphasized. A favorable social situation is also influential in these kinds of games. The text moves forward by presenting studies on various kinds of competitive games. The research studies presented are coupled with empirical evidence and discussion designed to support the claims that are pointed out. The book also discusses several kinds of approaches in the study of games. Voting as a way to resolve multi-person games is also emphasized, including voting procedures, the preferences of voters, and voting strategies. The book is a valuable source of data for readers and scholars who are interested in the exploration of game theories.
Book Synopsis Behavioral Game Theory by : Colin F. Camerer
Download or read book Behavioral Game Theory written by Colin F. Camerer and published by Princeton University Press. This book was released on 2011-09-05 with total page 569 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game theory, the formalized study of strategy, began in the 1940s by asking how emotionless geniuses should play games, but ignored until recently how average people with emotions and limited foresight actually play games. This book marks the first substantial and authoritative effort to close this gap. Colin Camerer, one of the field's leading figures, uses psychological principles and hundreds of experiments to develop mathematical theories of reciprocity, limited strategizing, and learning, which help predict what real people and companies do in strategic situations. Unifying a wealth of information from ongoing studies in strategic behavior, he takes the experimental science of behavioral economics a major step forward. He does so in lucid, friendly prose. Behavioral game theory has three ingredients that come clearly into focus in this book: mathematical theories of how moral obligation and vengeance affect the way people bargain and trust each other; a theory of how limits in the brain constrain the number of steps of "I think he thinks . . ." reasoning people naturally do; and a theory of how people learn from experience to make better strategic decisions. Strategic interactions that can be explained by behavioral game theory include bargaining, games of bluffing as in sports and poker, strikes, how conventions help coordinate a joint activity, price competition and patent races, and building up reputations for trustworthiness or ruthlessness in business or life. While there are many books on standard game theory that address the way ideally rational actors operate, Behavioral Game Theory stands alone in blending experimental evidence and psychology in a mathematical theory of normal strategic behavior. It is must reading for anyone who seeks a more complete understanding of strategic thinking, from professional economists to scholars and students of economics, management studies, psychology, political science, anthropology, and biology.
Book Synopsis Cooperation in Primates and Humans by : Peter M. Kappeler
Download or read book Cooperation in Primates and Humans written by Peter M. Kappeler and published by Springer Science & Business Media. This book was released on 2006-10-19 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cooperative behaviour has been one of the enigmas of evolutionary theory. This book examines the many facets of cooperative behaviour in primates and humans. It bridges the gap between parallel research in primatology and studies of humans, and highlights both common principles and aspects of human uniqueness, with respect to cooperative behaviour.
Book Synopsis The Behavioral Foundations of Public Policy by : Eldar Shafir
Download or read book The Behavioral Foundations of Public Policy written by Eldar Shafir and published by Princeton University Press. This book was released on 2013 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes bibliographical references and index.
Book Synopsis Social Dilemmas by : Paul A. M. Van Lange
Download or read book Social Dilemmas written by Paul A. M. Van Lange and published by Oxford University Press. This book was released on 2014 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a psychological overview of research on human cooperation, while discussing evolutionary and cultural perspectives, along with applications in the management, environment, national security, and health.
Book Synopsis Moral Sentiments and Material Interests by : Herbert Gintis
Download or read book Moral Sentiments and Material Interests written by Herbert Gintis and published by MIT Press. This book was released on 2005 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: Moral Sentiments and Material Interests presents an innovative synthesis of research in different disciplines to argue that cooperation stems not from the stereotypical selfish agent acting out of disguised self-interest but from the presence of "strong reciprocators" in a social group. Presenting an overview of research in economics, anthropology, evolutionary and human biology, social psychology, and sociology, the book deals with both the theoretical foundations and the policy implications of this explanation for cooperation. Chapter authors in the remaining parts of the book discuss the behavioral ecology of cooperation in humans and nonhuman primates, modeling and testing strong reciprocity in economic scenarios, and reciprocity and social policy. The evidence for strong reciprocity in the book includes experiments using the famous Ultimatum Game (in which two players must agree on how to split a certain amount of money or they both get nothing.)
Book Synopsis Intergroup Cognition and Intergroup Behavior by : Constantine Sedikides
Download or read book Intergroup Cognition and Intergroup Behavior written by Constantine Sedikides and published by Psychology Press. This book was released on 2013-02-01 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social psychology has maintained a keen interest over the years in issues related to intergroup behavior, such as ingroup favoritism and discrimination. The field has also been preoccupied with ways to reduce prejudice and discrimination. Intergroup contact has been offered as the main mechanism for prejudice and discrimination reduction. In the last 15 years, the social cognitive perspective has been applied to the study of intergroup relations. Theoretical advances have been made regarding such issues as the representation of information about ingroup and outgroup members, the structural properties of stereotypes, the relation between cognitive representation and judgment, and the ways in which cognition, effect, and motivation interactively influence the perception, judgment, and memory of ingroup and outgroup members. The first volume in this new series, this book seeks to bring the above two traditions together. Focusing on the interplay between cognition and behavior in intergroup settings, it addresses four general questions: * How does intergroup cognition (perceptions, judgments, and memories) influence intergroup behavior (ingroup favoritism and discrimination)? * How does intergroup behavior subsequently change intergroup cognition? * What is the mediational role of effect, motivational processes, and social context? * How effective can change in intergroup cognition be in altering intergroup behavior? This volume focuses not on a specific theory but rather on an approach. This approach is the interface between intergroup cognition and intergroup behavior. The various contributors are leading investigators in these areas and share the belief that the field has reached a level of maturity where it can start asking the hard questions regarding the complex and multifaceted ways in which intergroup cognition and behavior are related. The investigators do not just summarize their work. Instead, they connect aspects of their work to the theme of the volume and integrate their work with existing approaches in the relevant literature.
Book Synopsis Cultural Transmission and the Evolution of Trust and Reciprocity in the Labor Market by :
Download or read book Cultural Transmission and the Evolution of Trust and Reciprocity in the Labor Market written by and published by Fundacion BBVA. This book was released on 2008 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Reward and Punishment in Social Dilemmas by : Paul A.M. Van Lange
Download or read book Reward and Punishment in Social Dilemmas written by Paul A.M. Van Lange and published by Oxford University Press. This book was released on 2014-03-26 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the key scientific challenges is the puzzle of human cooperation. Why do people cooperate? Why do people help strangers, even sometimes at a major cost to themselves? Why do people want to punish others who violate norms and undermine collective interests? Reward and punishment is a classic theme in research on social dilemmas. More recently, it has received considerable attention from scientists working in various disciplines such as economics, neuroscience, and psychology. We know now that reward and punishment can promote cooperation in so-called public good dilemmas, where people need to decide how much from their personal resources to contribute to the public good. Clearly, enjoying the contributions of others while not contributing is tempting. Punishment (and reward) are effective in reducing free-riding. Yet the recent explosion of research has also triggered many questions. For example, who can reward and punish most effectively? Is punishment effective in any culture? What are the emotions that accompany reward and punishment? Even if reward and punishment are effective, are they also efficient -- knowing that rewards and punishment are costly to administer? How can sanctioning systems best organized to be reduce free-riding? The chapters in this book, the first in a series on human cooperation, explore the workings of reward and punishment, how they should be organized, and their functions in society, thereby providing a synthesis of the psychology, economics, and neuroscience of human cooperation.
