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Author :
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (184 download)
Download or read book Inequity Aversion and Individual Behavior in Public Good Games written by and published by . This book was released on 2007 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (184 download)
Download or read book Inequity Aversion and Individual Behavior in Public Good Games written by and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Caroline Johnson
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.3/5 (797 download)
Download or read book Inequity Aversion, Mandates, and the Provision of Public Goods written by Caroline Johnson and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Previous research has shown that individuals have preferences for equity that deviate from traditional payoff maximizing economic theory. In this research, we use the model of inequity aversion [Fehr and Schmidt, 1999] to predict how inequity induced through mandated contributions influences voluntary contribution behavior in a threshold public good game. Contrary to the model's predictions, we find that inequity induced through mandates does not have a significant effect on individual contribution behavior; rather individuals tend to contribute equal absolute amounts to the public good. Regardless of the predictability of the Fehr and Schmidt [1999] model, we do find that mandates significantly decrease the voluntary provision of the public good, compared to a traditional threshold public good game. The results of this research illustrate the impacts of mandates on voluntary contribution behavior, as well as the behavioral implications of inequity in the provision of public goods..
Author : Wei HU
Publisher :
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4.:/5 (13 download)
Download or read book Inequity Aversion Preferences in the Dynamic Public Goods Game written by Wei HU and published by . This book was released on 2015 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the impact of inequity aversion preferences (Fehr and Schmidt, 1999) in a "repeated" public goods game. We assume that agents care about the expected payoff differences among themselves over all periods of a game, so that it is in fact a dynamic game that is being played. In such a game, not only do inequity-averse agents cooperate on equal and nearly efficient levels of contribution to the public goods, but also could selfish agents make active contributions. These results are robust to asymmetric information about agents' types. Our findings also correspond to the end-game effect, the restart effect and a pulsing behavior that are often observed in experiments.
Author : Sanjeev Goyal
Publisher : Princeton University Press
ISBN 13 : 140082916X
Total Pages : 303 pages
Book Rating : 4.4/5 (8 download)
Download or read book Connections written by Sanjeev Goyal and published by Princeton University Press. This book was released on 2012-01-12 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: Networks pervade social and economic life, and they play a prominent role in explaining a huge variety of social and economic phenomena. Standard economic theory did not give much credit to the role of networks until the early 1990s, but since then the study of the theory of networks has blossomed. At the heart of this research is the idea that the pattern of connections between individual rational agents shapes their actions and determines their rewards. The importance of connections has in turn motivated the study of the very processes by which networks are formed. In Connections, Sanjeev Goyal puts contemporary thinking about networks and economic activity into context. He develops a general framework within which this body of research can be located. In the first part of the book he demonstrates that location in a network has significant effects on individual rewards and that, given this, it is natural that individuals will seek to form connections to move the network in their favor. This idea motivates the second part of the book, which develops a general theory of network formation founded on individual incentives. Goyal assesses the robustness of current research findings and identifies the substantive open questions. Written in a style that combines simple examples with formal models and complete mathematical proofs, Connections is a concise and self-contained treatment of the economic theory of networks, one that should become the natural source of reference for graduate students in economics and related disciplines.
Author : Alessandro Innocenti
Publisher : Palgrave MacMillan
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.F/5 ( download)
Download or read book Games, Rationality and Behaviour written by Alessandro Innocenti and published by Palgrave MacMillan. This book was released on 2008-01-15 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavioural game theory is the most important recent development of standard game theory, and its applications regard several fields of research, ranging from economic theory to sociology and political science. Behavioural game theory aims to provide a behavioural and psychological approach to game theory modelling, in order to identify more robust equilibrium outcomes and more realistic behavioural assumptions. This book explores the key topics in detail, covering issues such as players' heterogeneity, social preferences, reciprocity, learning and information, and punishment in public good games. It provides a state-of-the-art analysis of the progress and methodology of behavioural game theory, as well as exploring the interdisciplinary aspects of the subject, and is an extremely valuable resource for academics and scholars with an interest in the area. Book jacket.
Author : Surajit Borkotokey
Publisher : Springer Nature
ISBN 13 : 9811647372
Total Pages : 372 pages
Book Rating : 4.8/5 (116 download)
Download or read book Game Theory and Networks written by Surajit Borkotokey and published by Springer Nature. This book was released on 2022-01-01 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a collection of selected papers presented at the consecutively held international conferences on “Game Theory and Networks”, organized by the Department of Mathematics, Dibrugarh University, India, in collaboration with the Economics Department of Queen’s University, Belfast, UK, during September 6–9, 2019 and September, 13–15 2018. The book includes chapters on network measures and network formation, application of network theory to contagion, biological data and finance and macroeconomics as expository articles. The book also contains chapters on fair allocation in the context of queuing, rationing and cooperative games with transferable utilities for engaged researchers. A few survey chapters on non-cooperative game theory, evolutionary game theory, mechanism design and social choice theory are also incorporated to cater to the needs of the beginners in the field. This book discusses the use of game theoretic tools and network models across disciplines: mathematics, statistics, economics, computer science, political science, sociology and psychology. It aims at providing a suitable learning experience to beginners on the basics of cooperative games, networks and mechanism design, as well as recent developments to research scholars having the basic knowledge of these topics.
Author : Alexander W. Cappelen
Publisher :
ISBN 13 : 9781848443259
Total Pages : 0 pages
Book Rating : 4.4/5 (432 download)
Download or read book The Economics of Fairness written by Alexander W. Cappelen and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A growing literature in economics has studied how fairness considerations shape human behavior. This research collection comprises forty key theoretical and empirical contributions spanning the last four decades, along with influential related work in normative economics. These papers show that the fairness motive is essential for understanding human behavior in a wide range of settings, such as markets, bargaining, and redistributive situations. They document large heterogeneity in what people view as fair and the importance people attach to fairness, displaying how a concern for fairness develops in childhood and manifests itself in the brain. Together with an original introduction by the editors, this volume will be a valuable research tool for those interested in the fascinating field of the economics of fairness.
Author : Peter M. Kappeler
Publisher : Springer Science & Business Media
ISBN 13 : 9783540283744
Total Pages : 364 pages
Book Rating : 4.2/5 (837 download)
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.
Author : C. M. Capra
Publisher : Edward Elgar Publishing
ISBN 13 : 1785363336
Total Pages : 448 pages
Book Rating : 4.7/5 (853 download)
Download or read book Handbook of Experimental Game Theory written by C. M. Capra and published by Edward Elgar Publishing. This book was released on 2020-10-30 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this Handbook is twofold: to educate and to inspire. It is meant for researchers and graduate students who are interested in taking a data-based and behavioral approach to the study of game theory. Educators and students of economics will find the Handbook useful as a companion book to conventional upper-level game theory textbooks, enabling them to compare and contrast actual behavior with theoretical predictions. Researchers and non-specialists will find valuable examples of laboratory and field experiments that test game theoretic propositions and suggest new ways of modeling strategic behavior. Chapters are organized into several sections; each section concludes with an inspirational chapter, offering suggestions on new directions and cutting-edge topics of research in experimental game theory.
Author : John H. Kagel
Publisher : Princeton University Press
ISBN 13 : 0691213259
Total Pages : 742 pages
Book Rating : 4.6/5 (912 download)
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.
Author : Andrea Galeotti
Publisher : Rozenberg Publishers
ISBN 13 : 9051709846
Total Pages : 182 pages
Book Rating : 4.0/5 (517 download)
Download or read book On social and economic networks written by Andrea Galeotti and published by Rozenberg Publishers. This book was released on 2005 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : James C. Roberts
Publisher : Rowman & Littlefield
ISBN 13 : 1498553575
Total Pages : 165 pages
Book Rating : 4.4/5 (985 download)
Download or read book Constructing Global Public Goods written by James C. Roberts and published by Rowman & Littlefield. This book was released on 2019-05-23 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do international actors provide global public goods when they could free-ride on the production of others? Constructing Global Public Goods examines this question by understanding the identities and preferences of the actors. Most rational choice models of public goods explain the public goods decision by examining the strategic interactions among the actors. They generally avoid the question of how utilities and preferences are formed. Constructing Global Public Goods brings a constructivist approach to the study of public goods by recognizing that the actors’ utilities and preferences are socially constructed from the identities the actors take on in the choice situation. The book develops a formal model that links the interpretation of unobserved utilities to preferences for the public goods outcome. It then applies the model to case studies on global monetary management, collective security, and protecting human rights. Bringing constructivism into the public goods decision allows the analysis to look beyond the limited Prisoner’s Dilemma based model of most rational choice approaches and recognizes that the decision whether or not to produce a global public good is a complex web of social, political and cultural factors.
Author : Paul A.M. Van Lange
Publisher : Oxford University Press
ISBN 13 : 0199300763
Total Pages : 257 pages
Book Rating : 4.1/5 (993 download)
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.
Author : Shamshuritawati Sharif
Publisher : UUM Press
ISBN 13 : 9670876508
Total Pages : 217 pages
Book Rating : 4.6/5 (78 download)
Download or read book Quantitative Methods & Their Application in Multidisciplinary Area (UUM Press) written by Shamshuritawati Sharif and published by UUM Press. This book was released on 2016-01-01 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a guide for researchers who are involved in statistical and decision science analyses. Both analyses are explained in detail with samples of real applications in daily life to assist readers to appreciate theoretical and mathematical formulations. It covers a wide variety of applications, including economic issues, i.e., stock markets, quality control in the garment industry, customer satisfaction in the banking industry, experimental design in electronic firms, performance of university web portals, daily fat intake, the optimization of shrimp catching activities, meal planning for nurseries and as well as fairness model in economic games. Understanding
Author : Alessandro Bucciol
Publisher : Taylor & Francis
ISBN 13 : 1000827038
Total Pages : 436 pages
Book Rating : 4.0/5 (8 download)
Download or read book Behavioural Economics and the Environment written by Alessandro Bucciol and published by Taylor & Francis. This book was released on 2023-02-15 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Humans have long neglected to fully consider the impact of their behaviour on the environment. From excessive consumption of fossil fuels and natural resources to pollution, waste disposal, and, in more recent years, climate change, most people and institutions lack a clear understanding of the environmental consequences of their actions. The new field of behavioural environmental economics seeks to address this by applying the framework of behavioural economics to environmental issues, thereby rationalizing unexplained puzzles and providing a more realistic account of individual behaviour. This book provides a complete and rigorous overview of environmental topics that may be addressed and, in many instances, better understood by integrating a behavioural approach. This volume features state-of-the-art research on this topic by influential scholars in behavioural and environmental economics, focussing on the effects of psychological, social and cognitive factors on the decision-making process. It presents research performed using different methods and data collection mechanisms (e.g. laboratory experiments, field experiments, natural experiments, online surveys) on a variety of environmental topics (e.g. sustainability, natural resources). This book is a comprehensive and innovative tool for researchers and students interested in the behavioural economics of the environment and in the design of policy interventions aimed at reducing the human impact on the environment.
Author : Robert Axelrod
Publisher : Basic Books
ISBN 13 : 0786734884
Total Pages : 258 pages
Book Rating : 4.7/5 (867 download)
Download or read book The Evolution of Cooperation written by Robert Axelrod and published by Basic Books. This book was released on 2009-04-29 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: A famed political scientist's classic argument for a more cooperative world We assume that, in a world ruled by natural selection, selfishness pays. So why cooperate? In The Evolution of Cooperation, political scientist Robert Axelrod seeks to answer this question. In 1980, he organized the famed Computer Prisoners Dilemma Tournament, which sought to find the optimal strategy for survival in a particular game. Over and over, the simplest strategy, a cooperative program called Tit for Tat, shut out the competition. In other words, cooperation, not unfettered competition, turns out to be our best chance for survival. A vital book for leaders and decision makers, The Evolution of Cooperation reveals how cooperative principles help us think better about everything from military strategy, to political elections, to family dynamics.
