Abstract
We study how intelligence and personality affect the outcomes of groups, focusing on repeated interactions that provide the opportunity for profitable cooperation. Our experimental method creates two groups of subjects who have different levels of certain traits, such as higher or lower levels of Intelligence, Conscientiousness, and Agreeableness, but who are very similar otherwise. Intelligence has a large and positive long-run effect on cooperative behavior. The effect is strong when at the equilibrium of the repeated game there is a trade-off be-tweenshort-rungains andlong-runlosses. Conscientiousness andAgree-ableness have a natural, significant but transitory effect on cooperation rates.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 1351-1390 |
| Number of pages | 40 |
| Journal | Journal of Political Economy |
| Volume | 127 |
| Issue number | 3 |
| DOIs | |
| State | Published - Jun 1 2019 |
Bibliographical note
Funding Information:We thank James Heckman and five anonymous referees for numerous suggestions on an earlier preliminary and very different draft. We also thank several coauthors and colleagues for discussions on this and related research, especially Gary Charness, Pedro Dal Bó, Drew Fudenberg, Guillaume Fréchette, Gianluca Grimalda, John Kagel, David Levine, Marco Lambrecht, Josh Miller, Charles A. Murray, Mahnaz Nazneen, Andrew Oswald, Antonio Penta, Doris Pischedda, Louis Putterman, Carlo Reverberi, Angelo Rustichini, Andrew Shotter, Juuso Välimäki, and the participants of the National Bureau of Economic Research Economics of Culture and Institutions 2015 meeting in Boston. We thank the Center for Competitive Advantage in the Global Economy and the Behavioural Science Global Research Priority for generous funding. Rustichini thanks the National Science Foundation, grant 1728056. Sofianos thanks the support of the Economic and Social Research Council (grant ES/J500203/1). We adopt the capital letter for Intelligence, Agreeableness, and so on for the technical rather than colloquial use. Data are provided as supplementary material online.
Funding Information:
for discussions on this and related research, especially Gary Charness, Pedro Dal Bó, Drew Fudenberg, Guillaume Fréchette, Gianluca Grimalda, John Kagel, David Levine, Marco Lambrecht, Josh Miller, Charles A. Murray, Mahnaz Nazneen, Andrew Oswald, Antonio Penta, Doris Pischedda, Louis Putterman, Carlo Reverberi, Angelo Rustichini, Andrew Shotter, Juuso Välimäki, and the participants of the National Bureau of Economic Research Economics of Culture and Institutions 2015 meeting in Boston. We thank the Center for Competitive Advantage in the Global Economy and the Behavioural Science Global Research Priority for generous funding. Rustichini thanks the National Science Foundation, grant 1728056. Sofianos thanks the support of the Economic and Social Research Council (grant ES/J500203/1). We adopt the capital letter for Intelligence, Agreeableness, and so on for the technical rather than colloquial use. Data are provided as supplementary material online.
Publisher Copyright:
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