The Framing of Games and the Psychology of Play
AbstractPsychological game theory can help provide a rational choice explanation of framing effects; frames influence beliefs, beliefs influence motivations. We explain this theoretically, and explore the empirical relevance experimentally. In a 2×2 design of one-shot public good games we show that frames affect subject’s 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 InfoPaper provided by University of Bonn, Germany in its series Bonn Econ Discussion Papers with number bgse15_2008.
Date of creation: Jul 2008
Date of revision:
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Framing; psychological games; guilt aversion; reciprocity; public good games; voluntary cooperation;
Find related papers by JEL classification:
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-09-13 (All new papers)
- NEP-CBE-2008-09-13 (Cognitive & Behavioural Economics)
- NEP-EVO-2008-09-13 (Evolutionary Economics)
- NEP-EXP-2008-09-13 (Experimental Economics)
- NEP-GTH-2008-09-13 (Game Theory)
- NEP-HPE-2008-09-13 (History & Philosophy of Economics)
- NEP-PBE-2008-09-13 (Public Economics)
- NEP-SOC-2008-09-13 (Social Norms & Social Capital)
- NEP-UPT-2008-09-13 (Utility Models & Prospect Theory)
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