Abstract
There is a huge body of literature on both theoretical and experimental research of behavior in Prisoner's Dilemma and similar non-cooperative settings. Despite this impressive stock of knowledge, our understanding of the determinants of (non-)cooperative behavior remains limited. An important reason is that the economic approach tends to start from the untenable assumption of the homo anonymous. The purpose of the present study is to explore the potential gain of cross-fertilizing insights from economics and psychology by relaxing this assumption in a market setting (a Prisoner's Dilemma – duopoly pricing) game. More specifically, it is argued that economic agents differ as to their inclination toward cooperation. To analyze this issue, we conducted an experiment at the University Maastricht. We investigate the effect of personality on competitive versus cooperative behavior in five Prisoner's Dilemma games. Specifically, the paper deals with four personality traits: locus of control, self-monitoring, type-A behavior and sensation seeking. The experiment clearly shows that personality matters. By way of appraisal, the implications of our findings are discussed. PsycINFO classification: 2300; 3020; 3120; 3640; 3660
Sign-in/Register to access full text options 
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 callDisclaimer: 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.
