Authors
Nadège Bault, Johannes J Fahrenfort, Benjamin Pelloux, K Richard Ridderinkhof, Frans van Winden
Publication date
2017/8/1
Journal
Journal of Economic Psychology
Volume
61
Pages
152-175
Publisher
North-Holland
Description
This paper presents substantial evidence of a simple social tie mechanism that endogenizes people’s care about other individuals under the influence of interaction experiences. The mechanism is rooted in scientific studies from various disciplines. For our evidence, we propose and estimate a dynamic model of tie formation using different experimental datasets regarding public goods, test its within-sample and out-of-sample predictive performance, and compare it with other models. In addition to the support obtained for the mechanism, we find that the effects of interaction experiences show substantial persistence over time, and that only a minority looks ahead to strategically influence the behavior of interaction partners. Furthermore, our model appears to track the often volatile behavioral dynamics of the different datasets remarkably well. Additional evidence is presented of a neural substrate of the tie …
Total citations
201420152016201720182019202020212022202320241112725291
Scholar articles
N Bault, JJ Fahrenfort, B Pelloux, KR Ridderinkhof… - Journal of Economic Psychology, 2017
B Pelloux, N Bault, JJ Fahrenfort, KR Ridderinkhof… - Unpublished manuscript. from http://www1. feb. uva. nl …, 2013
N Bault, J Fahrenfort, B Pelloux, R Ridderinkhof… - 2016
N Bault, J Fahrenfort, B Pelloux, F van Winden… - Annual Conference of the Society for Neuroeconomics …, 2011