|
EconStor >
The University of Nottingham >
Centre for Decision Research and Experimental Economics (CeDEx), The University of Nottingham >
CeDEx Discussion Paper Series, The University of Nottingham >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/49702
|
| | |
| Title: | | Vendettas  |
| Authors: | | Bolle, Friedel Tan, Jonathan H. W. Zizzo, Daniel John |
| Issue Date: | | 2010 |
| Series/Report no.: | | CeDEx discussion paper series 2010-02 |
| Abstract: | | Vendettas occur in many real world settings where rivals compete for a prize, e.g., winning an election or a competitive promotion, by engaging in retaliatory aggressive behavior. We present a benchmark experiment where two players have an initial probability of winning a prize. Retaliatory vendettas occur and lead agents to the worst possible outcomes in 60% to 80% of cases, counter to self interest predictions, and regardless of whether initial winning probabilities are equal or unequal. Negative emotions are important and interact with economic settings to produce large social inefficiencies. Venting emotions predicts aggression but also reduces it. |
| Subjects: | | trust income inequality market social capital |
| JEL: | | C72 C91 Z13 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CeDEx Discussion Paper Series, The University of Nottingham
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/49702
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|