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2022 | OriginalPaper | Chapter

1. Cooperators Are Faster but Not More Accurate in Social Exchange Decisions Compared to Defectors

Authors : Adam Karbowski, Jerzy Osiński, Bartłomiej Wiśnicki

Published in: Advances in Quantitative Economic Research

Publisher: Springer International Publishing

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Abstract

In this study, we focus on decision-making in social exchange. In particular, we test the effectiveness (measured by speed and accuracy of decisions) of the decision-making in social exchange. Experimental results show that persons who cooperate in a prisoner’s dilemma game (cooperators) are faster but not more accurate at solving the social contract version of the Wason selection task compared to persons selecting in a prisoner’s dilemma game a defection strategy (defectors). Differences between cooperators and defectors in speed or accuracy of decision-making have not been observed in the abstract version of the Wason selection task. The obtained results provide empirical support to the claim that the social exchange heuristic works as an optimizing tool of the human mind.

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Metadata
Title
Cooperators Are Faster but Not More Accurate in Social Exchange Decisions Compared to Defectors
Authors
Adam Karbowski
Jerzy Osiński
Bartłomiej Wiśnicki
Copyright Year
2022
Book
Advances in Quantitative Economic Research

Print ISBN: 978-3-030-98178-5

Electronic ISBN: 978-3-030-98179-2

Copyright Year: 2022

DOI
https://doi.org/10.1007/978-3-030-98179-2_1

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