IDEAS home Printed from https://ideas.repec.org/p/tse/iastwp/28189.html
   My bibliography  Save this paper

Are we more wearful than greedy? Outbounding the incentives to defect in cooperation dilemmas

Author

Listed:
  • Mantilla, Cesar

Abstract

Previous studies analyzing the impact of payoffs' cardinality in cooperation dilemmas have concluded that the additional benefits of defecting against a cooperator (the greed dimension) are more salient than the additional costs of cooperating against a defector (the fear dimension). We conduct an experiment to show that when the costs of cooperation exceed its gains, this pattern is reversed. The larger impact of fear over greed on the likelihood to defect is robust to random rematching and to repeated matching, and is mostly driven by a relative rather than an absolute perception of the incentives to cooperate across different dilemmas.

Suggested Citation

  • Mantilla, Cesar, 2014. "Are we more wearful than greedy? Outbounding the incentives to defect in cooperation dilemmas," IAST Working Papers 14-08, Institute for Advanced Study in Toulouse (IAST).
  • Handle: RePEc:tse:iastwp:28189
    as

    Download full text from publisher

    File URL: http://idei.fr/sites/default/files/medias/doc/wp/2014/wp_iast_1408bis.pdf
    File Function: Full text
    Download Restriction: no

    References listed on IDEAS

    as
    1. Matthias Blonski & Peter Ockenfels & Giancarlo Spagnolo, 2011. "Equilibrium Selection in the Repeated Prisoner's Dilemma: Axiomatic Approach and Experimental Evidence," American Economic Journal: Microeconomics, American Economic Association, vol. 3(3), pages 164-192, August.
    2. Urs Fischbacher, 2007. "z-Tree: Zurich toolbox for ready-made economic experiments," Experimental Economics, Springer;Economic Science Association, vol. 10(2), pages 171-178, June.
    3. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-291, March.
    4. Ahn, T K & Ostrom, Elinor & Shupp, Robert & Walker, James, 2001. "Cooperation in PD Games: Fear, Greed, and History of Play," Public Choice, Springer, vol. 106(1-2), pages 137-155, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tse:iastwp:28189. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://edirc.repec.org/data/iasttfr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.