Reciprocity in Gift-Exchange-Games

02/23/2014

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by   Rustam Tagiew, et al.

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This paper presents an analysis of data from a gift-exchange-game experiment. The experiment was described in `The Impact of Social Comparisons on Reciprocity' by Gächter et al. 2012. Since this paper uses state-of-art data science techniques, the results provide a different point of view on the problem. As already shown in relevant literature from experimental economics, human decisions deviate from rational payoff maximization. The average gift rate was 31 special findings and calculate their significance.