Kulesz, Micaela M. and Dittrich, Dennis A. V. (2014): Intergenerational Cooperation: an Experimental Study on Beliefs.
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We report on an experiment in which subjects older than 55 years old and subjects younger than 26 years old play repeatedly 4 versions of the centipede game. For each game we define four treatments that allow us to study cooperation and belief formation of these two age groups. We find that beliefs about the others' age group shape the outcome: while seniors are cooperative and generous with juniors when they incur lower opportunity costs, for juniors it is when playing with seniors that they learn the way to the theoretical solution by smoothly decreasing their cooperation levels.
|Item Type:||MPRA Paper|
|Original Title:||Intergenerational Cooperation: an Experimental Study on Beliefs|
|Keywords:||Centipede Game, Age differences, Decision Making, Beliefs, Social Preferences.|
|Subjects:||C - Mathematical and Quantitative Methods > C9 - Design of Experiments|
|Depositing User:||Dr Micaela Maria Kulesz|
|Date Deposited:||08. Oct 2014 22:27|
|Last Modified:||08. Oct 2014 23:33|
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