Emotions enforce fairness norms (a simple model of strong reciprocity)
Author
López Pérez, RaúlEntity
UAM. Departamento de Análisis Económico, Teoría Económica e Historia EconómicaPublisher
UAM. Departamento de Análisis Económico, Teoría Económica e Historia EconómicaDate
2006Serie/Num.
Economic analysis working papers series. 11/2006ISSN
1885-6888Subjects
Emotions; Fairness; Path-dependency; Strong reciprocity; Social norms; EconomíaAbstract
In experimental games, many subjects cooperate contrary to their material interest
and they do that in a reciprocal manner. In addition, many subjects punish
those others who behave unkindly, and previous history usually influences subjects’
choices. We propose a simple game-theoretical model to account for these and other
experimental phenomena, and compare it with other models of social preferences
and reciprocity.
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