The Effect of Social Capital on Participation of Individuals in Teamwork: Experimental Approach Based on Sequential and Simultaneous Games
Subject Areas : Labor and Demographic Economics
Omolbanin Jalali
1
(
Ph.D. Candidate at Yazd University
)
Zahra Nasrollahi
2
(
Faculty of Yazd University
)
Majid Hatefi
3
(
PhD student of Sistan and Baluchestan University
)
Keywords: D23, JEL classification: C92, J31. Keywords: Game Theory- Experimental Study - Behavioral Economics - Social Capital &ndash, Teamwork - Individual Decisions,
Abstract :
Recently, organizations have tended to focus on team activities, and cognitive factors such as social capital can affect the performance of individuals in this framework. In this regard, the present study examined the effect of social capital on individual decisions within the framework of teamwork. In order to achieve this goal, we came to the experimental environment and performed an examination of the effects by performing sequential and simultaneous games that were complete, static and dynamic, and perfect and imperfect. 182 students were selected from the population of students from universities of Yazd, and 2184 observations were collected. The results of the study showed that the increase in social capital of a team's players leads to increased team production, team revenue and team profits. The results also showed that people with high level of social capital are not affected by rewards, while reward changes lead to a change in the behavior of individuals with a moderate or lower social capital level.
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