Feedback, Punishment and Cooperation in Public Good Experiments PDF Download

Author: Paul A.M. Van Lange
Publisher: Oxford University Press
ISBN: 0199300755
Category : Psychology
Languages : en
Pages : 257

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Book Description
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: Ananish Chaudhuri
Publisher: Routledge
ISBN: 1000375714
Category : Business & Economics
Languages : en
Pages : 459

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Book Description
- 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.

Author: Nikos Nikiforakis
Publisher:
ISBN: 9780734040022
Category : Externalities (Economics)
Languages : en
Pages : 21

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Book Description
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.

Author: Vincent Buskens
Publisher: Routledge
ISBN: 1317977246
Category : Social Science
Languages : en
Pages : 247

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Book Description
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.

Author: Steven Durlauf
Publisher: Springer
ISBN: 0230280781
Category : Business & Economics
Languages : en
Pages : 279

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Book Description
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.

Author: Danijela Tuljak-Suban
Publisher: BoD – Books on Demand
ISBN: 1789238978
Category : Mathematics
Languages : en
Pages : 132

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Book Description
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.

Author: John H. Kagel
Publisher: Princeton University Press
ISBN: 0691213259
Category : Business & Economics
Languages : en
Pages : 742

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Book Description
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: Herbert Gintis
Publisher: Princeton University Press
ISBN: 9780691009438
Category : Business & Economics
Languages : en
Pages : 576

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Book Description
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.

Author: Colin F. Camerer
Publisher: Princeton University Press
ISBN: 1400840880
Category : Business & Economics
Languages : en
Pages : 569

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Book Description
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.

Author: Peter M. Kappeler
Publisher: Springer Science & Business Media
ISBN: 9783540283744
Category : Psychology
Languages : en
Pages : 364

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Book Description
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.