When punishment strikes late: the effect of a delay in punishment and punishment feedback on cooperation and efficiency
Laboratory experiments established that peer punishment is a powerful cooperation-enhancing institution. However, this evidence centers on punishment that affects punishees immediately, whereas in many out-of-lab instances, punishment only takes effect some time after it has been inflicted. Moreover...
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| Main Authors: | , |
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| Format: | Article (Journal) |
| Language: | English |
| Published: |
2019
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| In: |
Journal of neuroscience, psychology, and economics
Year: 2019, Volume: 12, Issue: 1, Pages: 1-17 |
| ISSN: | 2151-318X |
| Online Access: |
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| Author Notes: | Israel Waichman, Lukas Stenzel |
| Summary: | Laboratory experiments established that peer punishment is a powerful cooperation-enhancing institution. However, this evidence centers on punishment that affects punishees immediately, whereas in many out-of-lab instances, punishment only takes effect some time after it has been inflicted. Moreover, studying the consequences of a delay in the effect of punishment could shed light on the channels through which punishment facilitates cooperation. A delay may (a) prevent punishees from immediately responding to the punishment and (b) dissolve the perceived link between received punishment and past behavior. In the present study, we model a situation where punishment affects the punishee 5 periods after it has been inflicted. We find that even under a delay in the effect and feedback of punishment, peer punishment is very effective in facilitating cooperation. However, peer punishment is only efficient when a salient link between received punishment and past contributions is established. |
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| Item Description: | Gesehen am 03.06.2019 |
| Physical Description: | Online Resource |
| ISSN: | 2151-318X |