RSS - Andreas Lange - "Adversity is a School of Wisdom: Experimental Evidence on Cooperative Protection Against Stochastic Disasters" - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/rss-andreas-lange\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RSS - Andreas Lange - "Adversity is a School of Wisdom: Experimental Evidence on Cooperative Protection Against Stochastic Disasters" - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"Andreas Lange of University of Hamburg will be the speaker for this seminar. 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{"id":10511,"date":"2014-10-17T13:16:43","date_gmt":"2014-10-17T13:16:43","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=event&p=10511"},"modified":"2017-08-11T19:06:55","modified_gmt":"2017-08-11T18:06:55","slug":"rss-andreas-lange","status":"publish","type":"event","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/rss-andreas-lange\/","title":{"rendered":"RSS – Andreas Lange – “Adversity is a School of Wisdom: Experimental Evidence on Cooperative Protection Against Stochastic Disasters”"},"content":{"rendered":"\n

Andreas Lange of University of Hamburg will be the speaker for this seminar.<\/p>\n

Andreas will be discussing his paper “Adversity is a school of wisdom: Experimental evidence on cooperative protection against stochastic disasters” which he wrote along with co-authors Sonja Köke and Andreas Nicklisch.<\/p>\n

Abstract of paper
\n<\/strong>In this paper, we experimentally investigate voluntary cooperation and its evolution over time on actions which either reduce the size or the probability of a negative stochastic shock. For variants of a repeated four-person prisoner’s dilemma game, we show that cooperation is higher when it affects the probability rather than the size of a damage. The former also leads to more stable cooperation over time, while cooperation declines in the latter. Our paper provides crucial insights on behavioral adaptation following adverse events: cooperation of players is reinforced when the damage does not occur, while defecting players are more likely to switch to cooperation after experiencing an adverse event.
\n<\/strong><\/p>\n

Download full paper here<\/a><\/strong><\/p>\n\n","protected":false},"excerpt":{"rendered":"\n