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Author (up) Carrasco, J.A.; Harrison, R.; Villena, M. pdf  doi
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  Title Interdependent preferences and endogenous reciprocity Type Journal Article
  Year 2018 Publication Journal Of Behavioral And Experimental Economics Abbreviated Journal J. Behav. Exp. Econ.  
  Volume 76 Issue Pages 68-75  
  Keywords Reciprocity; Endogenous preferences; Asymmetric evolutionary game  
  Abstract This paper employs an indirect approach to formally examine the evolutionary stability of interdependent preferences when players randomly engage in pairwise interactions. Following the model specification for altruism and spitefulness in experiments proposed by Levine (1998), we also explore the stability of reciprocity and reciprocal preferences. In particular, we study how individuals equipped with intrinsic preferences such as altruism, selfishness or spitefulness adjust their behavior depending on who they interact with. The key aspect of our method is that behavioral preferences are choice variables that optimally evolve, accounting for strategic interaction. Our model predicts that in a specific economic framework characterized by negative externalities and strategic substitutes, there is a continuum of evolutionary stable interdependent preference profiles: At least one player behaves spitefully, and at most one acts selfishly. The emergence of altruism as an evolutionarily stable preference crucially depends on how large the support for preferences is. When players have reciprocal preferences, altruism might arise even in meetings where one player is intrinsically spiteful, but not necessarily from the intrinsically altruistic player.  
  Address [Carrasco, Jose A.] Univ Adolfo Ibanez, Fac Ingn & Ciencias, 2640 Diagonal Las Torres, Santiago, Chile, Email: jose.carrasco@uai.cl;  
  Corporate Author Thesis  
  Publisher Elsevier Science Inc Place of Publication Editor  
  Language English Summary Language Original Title  
  Series Editor Series Title Abbreviated Series Title  
  Series Volume Series Issue Edition  
  ISSN 2214-8043 ISBN Medium  
  Area Expedition Conference  
  Notes WOS:000445125300009 Approved no  
  Call Number UAI @ eduardo.moreno @ Serial 914  
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