Why did he do that? Using counterfactuals to study the effect of intentions in extensive form games
| Autor: | Lionel Page, Yola Engler, Rudolf Kerschbamer |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Generosity
Economics media_common.quotation_subject 05 social sciences Economics Econometrics and Finance (miscellaneous) Experimental economics Behavioral economics Reciprocity (evolution) Social preferences Extensive-form game Microeconomics Dictator game 0502 economics and business First-mover advantage 050206 economic theory 050207 economics media_common |
| Popis: | © 2017, Economic Science Association. We investigate the role of intentions in two-player two-stage games. For this purpose we systematically vary the set of opportunity sets the first mover can choose from and study how the second mover reacts not only to opportunities of gains but also of losses created by the choice of the first mover. We find that the possibility of gains for the second mover (generosity) and the risk of losses for the first mover (vulnerability) are important drivers for second mover behavior. On the other hand, efficiency concerns and an aversion against violating trust seem to be far less important motivations. We also find that second movers compare the actual choice of the first mover and the alternative choices that would have been available to him to allocations that involve equal material payoffs. |
| Databáze: | OpenAIRE |
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