In a previous blog post I looked at social vale orientation (SVO) and one method to measure it, namely the decomposed game or ring technique. Here I will look at a second way of measuring SVO called the slider method . This method, due to Ryan Murphy, Kurt Ackermann and Michel Handgraaf is relatively new and has some nice advantages. While most existing studies use the ring technique I would expect the slider method to become the method of choice going forward. So, it is good to know how it works. Recall that the basic idea behind social value orientation (SVO) is to gain a snapshot of someone's social preferences. Are they selfish and simply do the best for themselves without caring about the payoff of others? Are they competitive and want to earn more than others (even if that means sacrificing own payoff)? Are they inequality averse and want to earn the same as others? Or are they pro-social and want to maximize the payoff of...
Some random thoughts on game theory, behavioural economics, and human behaviour