Cooperation Within Teams: A Review of Social Preferences in One-Shot Prisoners Dilemma Game
Published: 2023
Author(s) Name: Vivek Suneja and Debashree Das |
Author(s) Affiliation: Doctoral Student, Faculty of Management Studies, University of Delhi, Delhi
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Abstract
This study sought to put the focus
on the underlying behavioral norms
and heuristic principles used by the
individuals in the strategic decision-making
process which affects the
team dynamics within the organization.
The conventional assumption
in the standard neo-classical economics
is the self-interest hypothesis
wherein individuals only value
materialistic preferences. But in recent
years, this assumption has
been challenged by several experimental
studies that have provided
evidential support on how individuals
also value social preferences
while making their strategic choices.
This study provides a comprehensive
review of the impact of social
preferences on cooperation in the
context of the one-shot prisoner’s
dilemma game and understand the
social complexities involved in the
functioning of the team.
Keywords: N.A.
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