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Performance of a reciprocity model in predicting a positive reciprocity decision

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  • Bhirombhakdi, Kornpob

Abstract

This economic experiment initiates in evaluating a model's performance in predicting a decision. The reciprocity model is measured its accuracy rate in prediction and informativeness as aspects of the model's performance. Seventy-nine undergraduate students voluntarily joined the experiment. They made decisions contingently in designed situations as the first player in a dictator game and all roles in trust-share games. The study controls effects of choice set (equal split, competitive, and different social welfare choices) and framing effect. The result shows that the model has high performance in both prediction and informative. Furthermore, it shows an existence of the loss aversion behavior, and a significant relationship between decisions in the dictator game and the trustshare games. The study suggests that the more complicated model may not be marginally useful in predicting decision in the positive reciprocity situations.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 37468.

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Date of creation: 23 Dec 2011
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Handle: RePEc:pra:mprapa:37468

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Keywords: economic experiment; performance; reciprocity; trust-share game;

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  9. Bhirombhakdi, Kornpob & Potipiti, Tanapong, 2012. "Performance of a reciprocity model in predicting a positive reciprocity decision," MPRA Paper 42326, University Library of Munich, Germany.
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  18. Csongor Csukas & Paulo Fracalanza & Tamas Kovacs & Marc Willinger, 2008. "The Determinants Of Trusting And Reciprocal Behaviour: Evidence From An Intercultural Experiment," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 33(1), pages 71-95, June.
  19. Bhirombhakdi, Kornpob & Potipiti, Tanapong, 2012. "Cost of action, perceived intention, positive reciprocity, and signalling model," MPRA Paper 37469, University Library of Munich, Germany.
  20. Friedel Bolle, 1998. "Rewarding Trust: An Experimental Study," Theory and Decision, Springer, vol. 45(1), pages 83-98, August.
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Cited by:
  1. Bhirombhakdi, Kornpob & Potipiti, Tanapong, 2012. "Performance of a reciprocity model in predicting a positive reciprocity decision," MPRA Paper 40954, University Library of Munich, Germany.
  2. Bhirombhakdi, Kornpob & Potipiti, Tanapong, 2012. "Cost of action, perceived intention, positive reciprocity, and signalling model," MPRA Paper 37469, University Library of Munich, Germany.

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