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Emotions Enforce Fairness Norms (a Simple Model of Strong Reciprocity)

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  • López-Pérez, Raúl

    ()
    (Departamento de Análisis Económico (Teoría e Historia Económica). Universidad Autónoma de Madrid.)

Abstract

In experimental games, many subjects cooperate contrary to their material interest and they do that in a reciprocal manner. In addition, many subjects punish those others who behave unkindly, and previous history usually influences subjects’ choices. We propose a simple game-theoretical model to account for these and other experimental phenomena, and compare it with other models of social preferences and reciprocity.

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Bibliographic Info

Paper provided by Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History) in its series Working Papers in Economic Theory with number 2006/11.

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Length: 40 pages
Date of creation: Nov 2006
Date of revision:
Handle: RePEc:uam:wpaper:200611

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Keywords: Emotions; Fairness; Path-Dependency; Strong Reciprocity; Social Norms;

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