Abstract
This paper reports lab data from four games in order to analyze and compare the motivations behind monetary punishment and reward and their non-monetary counterparts, disapproval and approval, an important question given that both types of punishment/rewards affect cooperation and norm compliance. The results in our games support the hypothesis that a motivation akin to reciprocity plays the key role for approval and disapproval whereas payoff comparisons play the key role for monetary rewards and punishment.
| Original language | English |
|---|---|
| Pages (from-to) | 95 - 118 |
| Number of pages | 24 |
| Journal | Theory and Decision |
| Volume | 76 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 2014 |