The Effect of Subtracting a Constant from all Payoffs in a Hawk-Dove Game: Experimental Evidence of Loss Aversion in Strategic Behavior.
Economists and psychologists have documented patterns of individual decision-making behavior (e.g., loss aversion) whereby losses and gains are treated differently. However, there has been little evidence of such patterns in multiplayer games. I report results showing the strongest evidence I know o...
| Publicado en: | Southern Economic Journal Vol. 77; no. 4; pp. 814 - 827 |
|---|---|
| Autor principal: | |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Apr2011
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=60640505&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 60640505 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: Apr2011 vid: 77 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 60640505 10.4284/0038-4038-77.4.814 ppf: 814 ppct: 13 formats: fmt: @attributes: type: P size: 867KB tig: atl: The Effect of Subtracting a Constant from all Payoffs in a Hawk-Dove Game: Experimental Evidence of Loss Aversion in Strategic Behavior. aug: au: Feltovich, Nick affil: University of Aberdeen Business School, Edward Wright Building, Dunbar Street, Aberdeen AB24 3QY UK su: Game theory Decision making Bribery Loss aversion Multiplayer games sug: subj: Game theory Decision making Bribery Loss aversion Multiplayer games ab: Economists and psychologists have documented patterns of individual decision-making behavior (e.g., loss aversion) whereby losses and gains are treated differently. However, there has been little evidence of such patterns in multiplayer games. I report results showing the strongest evidence I know of that this phenomenon is present in games. Experimental subjects play two hawk-dove games that are identical up to a constant; in one, all payoffs are positive, while in the other, payoffs are negative if and only if both players choose "hawk." Under both fixed pairs and random matching, differences between the games are substantial, significant, and consistent with loss aversion. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|