Publication type: Article in scientific journal
Type of review: Peer review (publication)
Title: Social preferences, positive expectations, and trust based cooperation
Authors: Murphy, Ryan O.
Ackermann, Kurt Alexander
et. al: No
DOI: 10.1016/j.jmp.2015.06.001
Published in: Journal of Mathematical Psychology
Volume(Issue): 67
Pages: 45
Pages to: 50
Issue Date: 2015
Publisher / Ed. Institution: Elsevier
ISSN: 0022-2496
Language: English
Subjects: Index of cooperation; Prisoner’s dilemma; Rationalizability; Social preference
Subject (DDC): 302: Social interaction
Abstract: Some accounts of cooperation in the Prisoner’s Dilemma have focused on developing simple indexes of a game’s severity – i.e., the degree to which a game promotes non-cooperative choices –which are derived wholly from the game’s payoff structure. However, the psychological mechanisms of why a game’s payoffs affect cooperation rates are not clearly explicated with this approach. We show how simple models of decision making can predict the emergence of trust based cooperation as the expected utility maximizing strategy when individual social preferences and positive expectations (beliefs) are simultaneously taken into account.
URI: https://digitalcollection.zhaw.ch/handle/11475/17812
Fulltext version: Published version
License (according to publishing contract): Licence according to publishing contract
Departement: School of Management and Law
Organisational Unit: Institute of Marketing Management (IMM)
Appears in collections:Publikationen School of Management and Law

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