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Analyzing the sustainability of harvesting behavior and the relationship to personality traits in a simulated Lotka-Volterra biotope

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  • Grabner, Christian
  • Hahn, Heiko
  • Leopold-Wildburger, Ulrike
  • Pickl, Stefan
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    Abstract

    For the analysis presented in this paper we use experiments to study human behavior in a simulation environment based on a simple Lotka-Volterra predator-prey ecology. The aim is to study the influence of different harvesting strategies and of certain personality traits derived from the Hamburg Personality Inventory (HPI) [Andresen, B., 2002. HPI - Hamburger Persönlichkeitsinventar. Hogrefe, Göttingen] on the outcome in terms of sustainability and economic performance. The results of the empirical analysis show that the behavior that was expected to lead to higher performance indeed increases the success of the participants. The relationship between the personality traits and the performance of the subjects can also be corroborated by the results of the empirical analysis.

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    Bibliographic Info

    Article provided by Elsevier in its journal European Journal of Operational Research.

    Volume (Year): 193 (2009)
    Issue (Month): 3 (March)
    Pages: 761-767

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    Handle: RePEc:eee:ejores:v:193:y:2009:i:3:p:761-767

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    Web page: http://www.elsevier.com/locate/eor

    Related research

    Keywords: Experimental economics Simulation method Predator-prey model Sustainable behavior Harvesting strategies Personality traits;

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    1. Dockner, Engelbert J & Feichtinger, Gustav, 1993. "Cyclical Consumption Patterns and Rational Addiction," American Economic Review, American Economic Association, vol. 83(1), pages 256-63, March.
    2. Cason, Timothy N, 1995. "An Experimental Investigation of the Seller Incentives in the EPA's Emission Trading Auction," American Economic Review, American Economic Association, vol. 85(4), pages 905-22, September.
    3. Fehr, Ernst & Zych, Peter K, 1998. " Do Addicts Behave Rationally?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 100(3), pages 643-62, September.
    4. T. Kämpke & R. Pestel & F.J. Radermacher, 2003. "A Computational Concept for Normative Equity," European Journal of Law and Economics, Springer, vol. 15(2), pages 129-163, March.
    5. Gary S. Becker & Kevin M. Murphy, 1986. "A Theory of Rational Addiction," University of Chicago - George G. Stigler Center for Study of Economy and State 41, Chicago - Center for Study of Economy and State.
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