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Citation

Abbink K & de Haan T (2014) Trust on the brink of Armageddon: The first-strike game. European Economic Review, 67, pp. 190-196. https://doi.org/10.1016/j.euroecorev.2014.01.009

Abstract
We introduce the experimental first-strike game. Two players accumulate earnings over many rounds. In any round a player can deactivate the opponent. This means that the opponent loses all earnings and faces severely reduced future payoffs. It also means that the opponent can no longer deactivate the aggressor in later rounds. Thus deactivation is a hostile act, but can serve as a self-protection device. We run four treatments to disentangle the effect of spite, fear of spite, and trust. We find the absence of pure nastiness, but nevertheless a strong fear of it. Mutual trust can considerably reduce hostility.

Keywords
Fear; Spite; Deterrence; Trust; Laboratory experiment

Journal
European Economic Review: Volume 67