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by throwaway37585
2897 days ago
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I don’t think the claim is exceptional, but I’d love to see more studies on this. Check out the Centipede Game (https://en.m.wikipedia.org/wiki/Centipede_game): “Parco, Rapoport and Stein (2002) illustrated that the level of financial incentives can have a profound effect on the outcome in a three-player game: the larger the incentives are for deviation, the greater propensity for learning behavior in a repeated single-play experimental design to move toward the Nash equilibrium.” I recall reading somewhere that people also behave more rationally in other games like the Dictator Game (and exhibit fewer cognitive biases) when the stakes are higher, but can’t remember where. |
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