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The framing of games and the psychology of play

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  • Dufwenberg, Martin
  • Gächter, Simon
  • Hennig-Schmidt, Heike

Abstract

Psychological game theory can provide rational-choice-based framing effects; frames influence beliefs, beliefs influence motivations. We explain this theoretically and explore empirical relevance experimentally. In a 2×2 design of one-shot public good games we show that frames affect subjectʼs first- and second-order beliefs and contributions. From a psychological game-theoretic framework we derive two mutually compatible hypotheses about guilt aversion and reciprocity under which contributions are related to second- and first-order beliefs, respectively. Our results are consistent with either.

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Bibliographic Info

Article provided by Elsevier in its journal Games and Economic Behavior.

Volume (Year): 73 (2011)
Issue (Month): 2 ()
Pages: 459-478

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Handle: RePEc:eee:gamebe:v:73:y:2011:i:2:p:459-478

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Web page: http://www.elsevier.com/locate/inca/622836

Related research

Keywords: Framing; Psychological game theory; Guilt aversion; Reciprocity; Public good games; Voluntary cooperation;

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