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Psychology and mental health

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The value of a smile: game theory with a human face

Article Abstract:

Cooperation can improve the chances of survival of groups, even though individuals may be better off if they pursue self-interest. The impact of smiling as a way of eliciting cooperation in a game is analyzed in detail.

Author: Kacelnik, Alex, Scharlemann, Jorn P.W., Eckel, Catherine C., Wilson, Rick K.
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Psychology
Subject: Psychology and mental health
ISSN: 0167-4870
Year: 2001
Game theory, Cooperation (Economics), Cooperation

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Valuing future private and social benefits: the discounted utility model versus hyperbolic discounting models

Article Abstract:

Hyperbolic discounting models are shown to have advantages in comparison to discounted utility models in valuations of social and private benefits in the future.

Author: Cairns, John, Pol, Marjon van der
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Psychology
Subject: Psychology and mental health
ISSN: 0167-4870
Year: 2000
Utility theory, Utility functions, Present value analysis

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Subjects list: Research, Economics
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