Social Interaction Promotes Risk Taking in a Stag Hunt Game

Gary E. Bolton 1 , Christoph Feldhaus 2 ,  and Axel Ockenfels 2
  • 1 University of Texas at Dallas,, Richardson, United States of America
  • 2 University of Cologne,, Köln, Germany

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.

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German Economic Review (GER), the official publication of the German Economic Association (Verein für Socialpolitik), is an international journal publishing original and rigorous research of general interest in a broad range of economic disciplines. The scope of research approaches includes theoretical, empirical and experimental work.

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