Personality and cooperation in finitely repeated prisoner’s dilemma games

We investigate the role personality plays in Finitely Repeated Prisoner’s Dilemma (FRPD) games. Even after controlling for demographic factors such as race, course of study, and cognitive ability, we find that cooperative behavior is significantly related to the Big Five personality trait Agreeablen...

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Veröffentlicht in:Economics letters 2014-08, Vol.124 (2), p.274-277
Hauptverfasser: Kagel, John, McGee, Peter
Format: Artikel
Sprache:eng
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Zusammenfassung:We investigate the role personality plays in Finitely Repeated Prisoner’s Dilemma (FRPD) games. Even after controlling for demographic factors such as race, course of study, and cognitive ability, we find that cooperative behavior is significantly related to the Big Five personality trait Agreeableness. A one standard deviation increase in agreeableness increases the predicted probability of cooperation by a subject with modal demographic characteristics from 67.9% to 80.6%. •Personality trait agreeableness is related to cooperation in finitely repeated prisoner’s dilemma.•Effect of agreeableness on cooperation is robust to inclusion of controls including cognitive ability.•One standard deviation increase in agreeableness raises chance of cooperation by 15% points.
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2014.05.034