Abstract

Social dilemmata are characterized by the fact that decision makers maximizing individual payoff will receive more for themselves, but will reduce the common outcome. Typical examples for these conflicts are fishing quotes in the North Atlantic, pollution restrictions, family size limits, etc. The maximation principle of the normative utility model is not conclusive. Therefore, we constructed a multiattribute utility function with two weighted components for egoism and altruism describing and explaining the behavior in social dilemma games, especially for the union and commons dilemma. In a series of experimental studies the multiattribute utility maximation model was tested and the degree of context influences was examined. A comparison of different individualistic strategies for decision making will be discussed.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.