Formal specification of holiday gift exchange proves termination and counts trajectories; simulations find social costs reduce stealing 27-48% while partial information slightly increases it and correlated valuations amplify competition.
Theories of fairness and reciprocity-evidence and economic applications.Working paper/Institute for Empirical Research in Economics, 75, 2001
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Formal specification and behavioral simulation of the holiday gift exchange game
Formal specification of holiday gift exchange proves termination and counts trajectories; simulations find social costs reduce stealing 27-48% while partial information slightly increases it and correlated valuations amplify competition.