Publication: Revealed preferences in a sequential prisoners’ dilemma: A horse-race between six utility functions
Revealed preferences in a sequential prisoners’ dilemma: A horse-race between six utility functions
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Fehr, E., Miettinen, T., Kosfeld, M., & Weibull, J. (2020). Revealed preferences in a sequential prisoners’ dilemma: A horse-race between six utility functions. Journal of Economic Behavior & Organization, 173, 1–25. https://doi.org/10.1016/j.jebo.2020.02.018
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We experimentally investigate behavior and beliefs in a sequential prisoner’s dilemma. Each subject had to choose an action as first mover and a conditional action as second mover. All subjects also had to state their beliefs about others’ second-mover choices. Using these elicited beliefs, we apply the transparent Selten–Krischker approach to compare the explanatory power of a few current models of social and moral preferences. We find clear differences in explanatory power between the preference models, both without and with control
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- Miettinen, Topi
- Kosfeld, Michael
- Weibull, Jörgen
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Fehr, E., Miettinen, T., Kosfeld, M., & Weibull, J. (2020). Revealed preferences in a sequential prisoners’ dilemma: A horse-race between six utility functions. Journal of Economic Behavior & Organization, 173, 1–25. https://doi.org/10.1016/j.jebo.2020.02.018
