Are we more wearful than greedy? Outbounding the incentives to defect in cooperation dilemmas
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.
|Date of creation:||Apr 2014|
|Date of revision:|
|Contact details of provider:|| Phone: (+33) 5 61 12 86 23|
Web page: http://iast.fr/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Amos Tversky & Daniel Kahneman, 1979.
"Prospect Theory: An Analysis of Decision under Risk,"
Levine's Working Paper Archive
7656, David K. Levine.
- Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-91, March.
- 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 164-92, August.
- Ahn, T K, et al, 2001. "Cooperation in PD Games: Fear, Greed, and History of Play," Public Choice, Springer, vol. 106(1-2), pages 137-55, January.
- Urs Fischbacher, 2007. "z-Tree: Zurich toolbox for ready-made economic experiments," Experimental Economics, Springer, vol. 10(2), pages 171-178, June.
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: ()
If references are entirely missing, you can add them using this form.