Social Interaction Promotes Risk Taking in a Stag Hunt Game

Bolton G., Feldhaus C., Ockenfels A.


Abstract
We demonstrate that people are more willing to take risks in a stag hunt game when the agent of uncertainty is another person, thereby promoting cooperation. Recent social cognition research suggests an explanation for this pattern, which is based on the idea that games that align interests between subjects activate a trust mindset.

Keywords
cognition; risk; social context; Stag hunt



Publication type
Article in Journal

Peer reviewed
Yes

Publication status
Published

Year
2016

Journal
German Economic Review

Volume
17

Issue
3

Start page
409

End page
423

Pages range
409-423

Publisher
Blackwell Publishing Ltd

ISSN
1465-6485

DOI

Full text

Affiliation
University of Texas at Dallas; Universitat zu Koln