Intrinsic and instrumental reciprocity: An experimental study |
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| Affiliation: | 1. Institute of State Economy, Nankai University, China;2. School of Economics, Nankai University, China;3. School of Social Sciences, Nanyang Technology University, Singapore;4. The Laboratory for Economic Behaviors and Policy Simulation, Nankai University, China |
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| Abstract: | In the context of an indefinitely repeated veto game, we devise an experiment to distinguish between alternative explanations of generous behavior (accepting negative payoffs): altruism, intrinsic backward-looking reciprocity, and instrumental forward-looking reciprocity. Our results are broadly consistent with the hypothesis that observed sacrifices are motivated by equilibrium selfish, forward-looking reciprocal behavior although we find a more subtle way in which past kindness affects behavior. |
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| Keywords: | Reciprocity Indefinitely repeated games Veto game |
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