- A-Z
- Jena Economic Resea...
- Volume 6
- Cooperation in a Ri...
- Abgebildete Person
- Erschienen
- 15. August 2012
- Nummer des Discussion-Papers
-
2012-047
- Schlagwort(e)
-
Cooperation
Decisions from Experience
Public Good
Risky Choice
Social Dilemma
- Zusammenfsg.
-
Often in cooperative situations, many aspects of the decision-making environment are uncertain. We investigate how cooperation is shaped by the way information about risk is presented (from description or from experience) and by differences in risky environments. Drawing on research from risky choice, we compare choices in stochastic social dilemmas to those in lotteries with equivalent levels of risk. Cooperation rates in games vary with different levels of risk across decision situations with the same expected outcomes, thereby mimicking behavior in lotteries. Risk presentation, however, only affected choices in lotteries, not in stochastic games. Process data suggests that people respond less to probabilities in the stochastic social dilemmas than in the lotteries. The findings highlight how an uncertain environment shapes cooperation and call for models of the underlying decision processes.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- JEL-Classification for JER
- C72 - Noncooperative Games ; C73 - Stochastic and Dynamic Games; Evolutionary Games; Repeated Games ; C92 - Laboratory, Group Behavior ; D81 - Criteria for Decision-Making under Risk and Uncertainty