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 , Zahra Nasrollahi ² , Majid Hatefi ³

1 - Ph.D. Candidate at Yazd University
2 - Faculty of Yazd University
3 - PhD student of Sistan and Baluchestan University

Received: 2019-09-22 Accepted : 2019-09-22 Published : 2019-08-23

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.

References:

منابع

-      Angeletos, G. M., Laibson, D., Repetto, A., Tobacman, J., & Weinberg, S. (2001). The hyperbolic consumption model: Calibration, simulation, and empirical evaluation. The Journal of Economic Perspectives, 15(3): 47-68.

-      Banerjee, R. (2016). Corruption, norm violation and decay in social capital. Journal of Public Economics, 137: 14-27.

-      Benefield, G. A., Shen, C., & Leavitt, A. (2016). Virtual team networks: How group social capital affects team success in a Massively Multiplayer Online Game. In Proceedings of the 19th ACM Conference on Computer-Supported Cooperative Work & Social Computing (pp. 679-690). ACM.

-      Bosworth, S. J. (2013). Social capital and equilibrium selection in Stag Hunt games. Journal of Economic Psychology, 39: 11-20.

-      Camerer, C. F., Loewenstein, G., & Rabin, M. (2011). Advances in behavioral economics. Princeton University Press.

-      Camerer, C., & Thaler, R. H. (1995). Anomalies: Ultimatums, dictators and manners. The Journal of Economic Perspectives, 9(2): 209-219.

-      Chou, Y. K. (2006). Three simple models of social capital and economic growth. The Journal of Socio-Economics, 35(5): 889-912.

-      Chou, Yuan K. (2002), Modelling Social Capital and Growth, University of Melbourne, Research Paper Number 865.

-      Fukuyama, F. (2001). Social capital, civil society and development. Third world quarterly, 22(1): 7-20.

-      Gneezy, U., Rustichini, A., & Vostroknutov, A. (2010). Experience and insight in the Race game. Journal of economic behavior & organization, 75(2): 144-155.

-      Guiso, L., Sapienza, P., & Zingales, L. (2004). The role of social capital in financial development. The American Economic Review, 94(3): 526-556.

-      Guiso, L., Sapienza, P., & Zingales, L. (2008). Social capital as good culture. Journal of the European Economic Association, 6(2-3): 295-320.

-      Hau, Y. S., & Kang, M. (2016). Extending lead user theory to users’ innovation-related knowledge sharing in the online user community: The mediating roles of social capital and perceived behavioral control. International Journal of Information Management, 36(4): 520-530.

-      Huang, L. V., & Liu, P. L. (2017). Ties that work: Investigating the relationships among coworker connections, work-related Facebook utility, online social capital, and employee outcomes. Computers in Human Behavior, 72: 512-524.

-      Jennings, C., & Sanchez-Pages, S. (2017). Social capital, conflict and welfare. Journal of Development Economics, 124: 157-167.

-      Kaneko, M., & Kline, J. J. (2015). Understanding the other through social roles. International Game Theory Review, 17(01): 1540005.1-1540005.31.

-      Klor, E. F., Kube, S., & Winter, E. (2014). Can higher rewards lead to less effort? Incentive reversal in teams. Journal of Economic Behavior & Organization, 97: 72-83.

-      Knack, S., & Keefer, P. (1997). Does social capital have an economic payoff? A cross-country investigation. The Quarterly journal of economics, 112(4): 1251-1288.

-      Lee, P. Y., Li, C. S. J., & Wu, M. L. (2018). The roles of cross-cultural adjustment and social capital formation in the dynamic capabilities development of multiunit organizations. Asia Pacific Management Review, 23(1), 20-29.

-      McCabe, K., Houser, D., Ryan, L., Smith, V., & Trouard, T. (2001). A functional imaging study of cooperation in two-person reciprocal exchange. Proceedings of the National Academy of Sciences, 98(20): 11832-11835.

-      North, D. C. (1990). A transaction cost theory of politics. Journal of theoretical politics, 2(4): 355-367.

-      Portes, A. (1998). Social capital: Its origins and applications in modern sociology. Annual review of sociology, 24(1): 1-24.

-      Putnam, R. D. (1993). The prosperous community. The American prospect, 4(13): 35-42.

-      Smirnov, V., & Wait, A. (2016). Technology, team production and incentives. Economics Letters, 141: 91-94.

-      Sobel, J. (2002). Can we trust social capital? Journal of economic literature, 40(1): 139-154.

-      Stigler, G. J. (1965). Essays in the History of Economics (Vol. 1957). Chicago: University of Chicago Press.

-      Williamson, O. E. (1988). Technology and transaction cost economics: A reply. Journal of Economic Behavior & Organization, 10(3): 355-363.

-      Winter, E. (2009). Incentive reversal. American Economic Journal: Microeconomics, 1(2): 133-147.

-      Yoo, J. H., & Jeong, E. J. (2017). Psychosocial effects of SNS use: A longitudinal study focused on the moderation effect of social capital. Computers in Human Behavior, 69: 108-119.