Journal ArticleDOI
Anonymity versus Punishment in Ultimatum Bargaining
Gary E. Bolton,Rami Zwick +1 more
TLDR
In this article, the authors investigate the role of the anonymity hypothesis in the deviation from perfect equilibrium in the ultimatum game and conclude that the punishment hypothesis explains much more of the deviation than does the anonymity.About:
This article is published in Games and Economic Behavior.The article was published on 1995-07-01. It has received 544 citations till now. The article focuses on the topics: Ultimatum game & Alternative hypothesis.read more
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Journal ArticleDOI
ERC: A Theory of Equity, Reciprocity, and Competition
Gary E. Bolton,Axel Ockenfels +1 more
TL;DR: The authors demonstrate that people are motivated by both their pecuniary payoff and their relative payoff standing, and demonstrate that a simple model, constructed on the premise that people were motivated by either their payoff or their relative standing, organizes a large and seemingly disparate set of laboratory observations as one consistent pattern, which explains observations from games where equity is thought to be a factor, such as ultimatum and dictator, games where reciprocity is played a role and games where competitive behavior is observed.
Journal ArticleDOI
The neural basis of economic decision-making in the Ultimatum Game.
Alan G. Sanfey,James K. Rilling,Jessica A. Aronson,Leigh E. Nystrom,Jonathan D. Cohen,Jonathan D. Cohen +5 more
TL;DR: Functional magnetic resonance imaging of Ultimatum Game players was used to investigate neural substrates of cognitive and emotional processes involved in economic decision-making and significantly heightened activity in anterior insula for rejected unfair offers suggests an important role for emotions in decision- making.
Journal ArticleDOI
The structure and dynamics of multilayer networks
Stefano Boccaletti,Ginestra Bianconi,Regino Criado,Regino Criado,C.I. del Genio,Jesús Gómez-Gardeñes,Miguel Romance,Miguel Romance,Irene Sendiña-Nadal,Irene Sendiña-Nadal,Zhen Wang,Massimiliano Zanin +11 more
TL;DR: This work offers a comprehensive review on both structural and dynamical organization of graphs made of diverse relationships (layers) between its constituents, and cover several relevant issues, from a full redefinition of the basic structural measures, to understanding how the multilayer nature of the network affects processes and dynamics.
Journal ArticleDOI
The nature of human altruism
Ernst Fehr,Urs Fischbacher +1 more
TL;DR: In this article, the authors point out that current gene-based evolutionary theories cannot explain important patterns of human altruism, pointing towards the importance of both theories of cultural evolution as well as gene-culture co-evolution.
Posted Content
The nature of human altruism
Ernst Fehr,Urs Fischbacher +1 more
TL;DR: Current gene-based evolutionary theories cannot explain important patterns of human altruism, pointing towards the importance of both theories of cultural evolution as well as gene–culture co-evolution.