Cooperation and game theory: an experimental study of the cooperative behavior of economic students.

Date

4-2009

Degree

Bachelor of Science in Economics

College

College of Economics and Management (CEM)

Adviser/Committee Chair

Amelia L. Bello

Abstract

This study tries to analyze whether or not individuals with economics training are less cooperative in situations involving collective action dilemmas and if it is indeed their training that inhibits cooperation. The iterated Prisoner’s Dilemma game was used to simulate a collective action dilemma situation. The game was played for eight rounds in an economic experiment setting, and the players were freshman and senior economics majors and freshman and senior non-majors. The players’ move per round served as the data for analysis, pitting the behaviour of the economics majors to the non-majors. The data was subjected to logistic regression analysis for panel data and it was found that contrary to the hypothesis, economics majors are actually more cooperative than the nonmajors. It was also found that individuals, whether they have economics training or not, become more selfish as they get older.

Language

English

Location

UPLB College of Economics and Management

Call Number

LG 993.5 2009 E2 V55

Document Type

Thesis

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