scispace - formally typeset
Open AccessJournal ArticleDOI

When is the Risk of Cooperation Worth Taking? The Prisoner’s Dilemma as a Game of Multiple Motives

Christoph Engel, +1 more
- 07 Mar 2016 - 
- Vol. 23, Iss: 16, pp 1157-1161
Reads0
Chats0
TLDR
In this article, the authors explain the degree of cooperation by a combination of four motives: efficiency, conditional cooperation, fear and greed, and explain why players cooperate in the prisoner's dilemma with personality.
Abstract
This experimental article helps to understand the motives behind cooperation in the prisoner’s dilemma. It manipulates the pay-off in case both players defect in a two-player, one-shot prisoner’s dilemma and explains the degree of cooperation by a combination of four motives: efficiency, conditional cooperation, fear and greed. All motives are significant but some become only significant if one controls for all remaining ones. This seems to be the reason why earlier attempts at explaining choices in the prisoner’s dilemma with personality have not been successful.

read more

Citations
More filters
Journal ArticleDOI

Heuristics guide the implementation of social preferences in one-shot Prisoner's Dilemma experiments

TL;DR: In this article, heuristics guide the implementation of social preferences in one-shot Prisoner's Dilemma experiments, and the results show that social preferences can be used to guide the execution of social preference.
Journal ArticleDOI

Heuristics Guide the Implementation of Social Preferences in One-Shot Prisoner’s Dilemma Experiments

TL;DR: Evidence is presented that cooperation in a one-shot continuous-strategy Prisoner's Dilemma is a result of social preferences guided by simple decision heuristics, rather than the rational examination of payoffs assumed by most social preference models.
Journal ArticleDOI

Social surplus determines cooperation rates in the one-shot Prisoner's Dilemma

TL;DR: This study provides evidence on how cooperation rates vary across payoff parameters in the Prisoner's Dilemma, using four one-shot games that differ only in the payoffs from mutual cooperation.
Journal ArticleDOI

Theory of mind and decision science: Towards a typology of tasks and computational models.

TL;DR: It is suggested there to be an increase in ToM engagement and multiplexing as social cognitive decision-making tasks become more interactive and uncertain and it is argued that computational models of valuation and beliefs follow these dimensions to best allow researchers to effectively model sophisticated ToM-processes.
Journal ArticleDOI

Group size effects and critical mass in public goods games

TL;DR: A two-treatment empirical study where subjects play a Public Goods Game with a Critical Mass, such that the return for full cooperation increases linearly for early contributions and then stabilizes after a critical mass is reached.
References
More filters
Book

Governing the Commons: The Evolution of Institutions for Collective Action

TL;DR: In this paper, an institutional approach to the study of self-organization and self-governance in CPR situations is presented, along with a framework for analysis of selforganizing and selfgoverning CPRs.
Journal ArticleDOI

z-Tree: Zurich toolbox for ready-made economic experiments

TL;DR: Z-Tree as mentioned in this paper is a toolbox for ready-made economic experiments, which allows programming almost any kind of experiments in a short time and is stable and easy to use.
Journal ArticleDOI

A theory of fairness, competition and cooperation

TL;DR: This paper showed that if some people care about equity, the puzzles can be resolved and that the economic environment determines whether the fair types or the selesh types dominate equilibrium behavior in cooperative games.
Journal ArticleDOI

Risk Aversion and Incentive Effects

TL;DR: In this article, a menu of paired lottery choices is structured so that the crossover point to the high-risk lottery can be used to infer the degree of risk aversion, and a hybrid utility function with increasing relative and decreasing absolute risk aversion nicely replicates the data patterns over this range of payoffs from several dollars to several hundred dollars.
Book

The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations

TL;DR: Surowiecki explores a seemingly counter-intuitive idea that has profound implications as mentioned in this paper : Decisions taken by a large group, even if the individuals within the group aren't smart, are always better than decisions made by small numbers of 'experts'.
Related Papers (5)