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.
Trust and betrayals: Reputational payoffs and behaviors without commitment.Theoretical Economics, 16(2):449–475, 2021
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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.