Social preferences are not enough: Accounting for anomalous behavior in a complex mixed-motive game
In some economic games, participants systematically display behavior that departs from the model of payoff maximization, and this is usually attributed to social preferences. In this paper we focus on a new interactive context, a mixed-motive game called “Alternative Traveler’s Dilemma” (ATD). In th...
- Autores:
-
Moro, Rodrigo
Freidin, Esteban
Tohmé, Fernando
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 2015
- Institución:
- Universidad Nacional de Colombia
- Repositorio:
- Universidad Nacional de Colombia
- Idioma:
- spa
- OAI Identifier:
- oai:repositorio.unal.edu.co:unal/62609
- Acceso en línea:
- https://repositorio.unal.edu.co/handle/unal/62609
http://bdigital.unal.edu.co/61768/
- Palabra clave:
- 33 Economía / Economics
Mixed-motive games
anomalous behavior
social preferences
competition
cognitive factors
payoff-maximization
- Rights
- openAccess
- License
- Atribución-NoComercial 4.0 Internacional
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Atribución-NoComercial 4.0 InternacionalDerechos reservados - Universidad Nacional de Colombiahttp://creativecommons.org/licenses/by-nc/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Moro, Rodrigo6f3d5ef0-4d78-47f5-9bf1-de004f1e0a1a300Freidin, Esteban0fbdb144-befd-4b01-9efc-977cdf8cb0dc300Tohmé, Fernandoa2f7a2e5-cb5d-48d7-93f5-834e56a661b53002019-07-02T21:05:53Z2019-07-02T21:05:53Z2015-07-01ISSN: 2248-4337https://repositorio.unal.edu.co/handle/unal/62609http://bdigital.unal.edu.co/61768/In some economic games, participants systematically display behavior that departs from the model of payoff maximization, and this is usually attributed to social preferences. In this paper we focus on a new interactive context, a mixed-motive game called “Alternative Traveler’s Dilemma” (ATD). In this context, most participants choose strictly dominated strategies. Preliminary studies suggest the reason for such a tendency is that participants have social preferences, usually competitive in nature. The question is whether some cognitive factor should also be included in models that accounts for the tendency at stake. More specifically, we investigate whether participants neglect payoff maximization, that is, whether they fail to notice that, by pursuing some competitive goal, they are not maximizing their payoffs. We report the results of an experiment that supports this hypothesis. We conclude that in order to explain anomalous behavior in the ATD and similar games, we need to study the cognitive factors that bound participants’ strategies and understanding of the game.application/pdfspaUniversidad Nacional de Colombia - Sede Bogotá - Facultad de Ciencias Económicas - Escuela de Economíahttps://revistas.unal.edu.co/index.php/ceconomia/article/view/43481Universidad Nacional de Colombia Revistas electrónicas UN Cuadernos de EconomíaCuadernos de EconomíaMoro, Rodrigo and Freidin, Esteban and Tohmé, Fernando (2015) Social preferences are not enough: Accounting for anomalous behavior in a complex mixed-motive game. Cuadernos de Economía, 34 (65). pp. 261-278. ISSN 2248-433733 Economía / EconomicsMixed-motive gamesanomalous behaviorsocial preferencescompetitioncognitive factorspayoff-maximizationSocial preferences are not enough: Accounting for anomalous behavior in a complex mixed-motive gameArtículo de revistainfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttp://purl.org/redcol/resource_type/ARTORIGINAL43481-230638-2-PB.pdfapplication/pdf361998https://repositorio.unal.edu.co/bitstream/unal/62609/1/43481-230638-2-PB.pdf96d40d10e84493015b42b328517a1685MD51THUMBNAIL43481-230638-2-PB.pdf.jpg43481-230638-2-PB.pdf.jpgGenerated Thumbnailimage/jpeg6132https://repositorio.unal.edu.co/bitstream/unal/62609/2/43481-230638-2-PB.pdf.jpga646df3a5e2d73887ebbd4e8d6272fc3MD52unal/62609oai:repositorio.unal.edu.co:unal/626092023-04-17 23:05:26.842Repositorio Institucional Universidad Nacional de Colombiarepositorio_nal@unal.edu.co |
dc.title.spa.fl_str_mv |
Social preferences are not enough: Accounting for anomalous behavior in a complex mixed-motive game |
title |
Social preferences are not enough: Accounting for anomalous behavior in a complex mixed-motive game |
spellingShingle |
Social preferences are not enough: Accounting for anomalous behavior in a complex mixed-motive game 33 Economía / Economics Mixed-motive games anomalous behavior social preferences competition cognitive factors payoff-maximization |
title_short |
Social preferences are not enough: Accounting for anomalous behavior in a complex mixed-motive game |
title_full |
Social preferences are not enough: Accounting for anomalous behavior in a complex mixed-motive game |
title_fullStr |
Social preferences are not enough: Accounting for anomalous behavior in a complex mixed-motive game |
title_full_unstemmed |
Social preferences are not enough: Accounting for anomalous behavior in a complex mixed-motive game |
title_sort |
Social preferences are not enough: Accounting for anomalous behavior in a complex mixed-motive game |
dc.creator.fl_str_mv |
Moro, Rodrigo Freidin, Esteban Tohmé, Fernando |
dc.contributor.author.spa.fl_str_mv |
Moro, Rodrigo Freidin, Esteban Tohmé, Fernando |
dc.subject.ddc.spa.fl_str_mv |
33 Economía / Economics |
topic |
33 Economía / Economics Mixed-motive games anomalous behavior social preferences competition cognitive factors payoff-maximization |
dc.subject.proposal.spa.fl_str_mv |
Mixed-motive games anomalous behavior social preferences competition cognitive factors payoff-maximization |
description |
In some economic games, participants systematically display behavior that departs from the model of payoff maximization, and this is usually attributed to social preferences. In this paper we focus on a new interactive context, a mixed-motive game called “Alternative Traveler’s Dilemma” (ATD). In this context, most participants choose strictly dominated strategies. Preliminary studies suggest the reason for such a tendency is that participants have social preferences, usually competitive in nature. The question is whether some cognitive factor should also be included in models that accounts for the tendency at stake. More specifically, we investigate whether participants neglect payoff maximization, that is, whether they fail to notice that, by pursuing some competitive goal, they are not maximizing their payoffs. We report the results of an experiment that supports this hypothesis. We conclude that in order to explain anomalous behavior in the ATD and similar games, we need to study the cognitive factors that bound participants’ strategies and understanding of the game. |
publishDate |
2015 |
dc.date.issued.spa.fl_str_mv |
2015-07-01 |
dc.date.accessioned.spa.fl_str_mv |
2019-07-02T21:05:53Z |
dc.date.available.spa.fl_str_mv |
2019-07-02T21:05:53Z |
dc.type.spa.fl_str_mv |
Artículo de revista |
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http://purl.org/coar/resource_type/c_2df8fbb1 |
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info:eu-repo/semantics/article |
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info:eu-repo/semantics/publishedVersion |
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http://purl.org/coar/resource_type/c_6501 |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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Text |
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http://purl.org/redcol/resource_type/ART |
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http://purl.org/coar/resource_type/c_6501 |
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publishedVersion |
dc.identifier.issn.spa.fl_str_mv |
ISSN: 2248-4337 |
dc.identifier.uri.none.fl_str_mv |
https://repositorio.unal.edu.co/handle/unal/62609 |
dc.identifier.eprints.spa.fl_str_mv |
http://bdigital.unal.edu.co/61768/ |
identifier_str_mv |
ISSN: 2248-4337 |
url |
https://repositorio.unal.edu.co/handle/unal/62609 http://bdigital.unal.edu.co/61768/ |
dc.language.iso.spa.fl_str_mv |
spa |
language |
spa |
dc.relation.spa.fl_str_mv |
https://revistas.unal.edu.co/index.php/ceconomia/article/view/43481 |
dc.relation.ispartof.spa.fl_str_mv |
Universidad Nacional de Colombia Revistas electrónicas UN Cuadernos de Economía Cuadernos de Economía |
dc.relation.references.spa.fl_str_mv |
Moro, Rodrigo and Freidin, Esteban and Tohmé, Fernando (2015) Social preferences are not enough: Accounting for anomalous behavior in a complex mixed-motive game. Cuadernos de Economía, 34 (65). pp. 261-278. ISSN 2248-4337 |
dc.rights.spa.fl_str_mv |
Derechos reservados - Universidad Nacional de Colombia |
dc.rights.coar.fl_str_mv |
http://purl.org/coar/access_right/c_abf2 |
dc.rights.license.spa.fl_str_mv |
Atribución-NoComercial 4.0 Internacional |
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http://creativecommons.org/licenses/by-nc/4.0/ |
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info:eu-repo/semantics/openAccess |
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Atribución-NoComercial 4.0 Internacional Derechos reservados - Universidad Nacional de Colombia http://creativecommons.org/licenses/by-nc/4.0/ http://purl.org/coar/access_right/c_abf2 |
eu_rights_str_mv |
openAccess |
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application/pdf |
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Universidad Nacional de Colombia - Sede Bogotá - Facultad de Ciencias Económicas - Escuela de Economía |
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Universidad Nacional de Colombia |
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