Reciprocity-based Emotions: An Experimental Study of the Effects of Experiencing Positive and Negative Reciprocity
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This paper presents an experimental analysis of people’s behavior in situations involving both
positive and negative reciprocity. The experiment implements sequences of two types of extensive
form games called Punishment games and Trust games. The contemporaneous use of these two
types of games allows us to define an ideal framework for understanding the basic elements of reciprocal
behavior. Results show that the level of trust and punishment are consistent with the view
that emotions are involved.
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