The design of this game is a simple way to analyze spiteful behavior. In this experiment, two players from anonymous villages, both received an initial endowment of Namibian dollar ten (N$10) and had to decide either burn the other player’s income by N$5 with a personal cost of N$1. In this game, destruction leads not to the material benefits for the destroying subject but a personal sacrifice. The important features of this experiment are played a one-shot game, decisions are made anonymously, strategic aspects should not be matter, and “not-burning” is the strictly dominant strategy implying rational self-concerned player. There are three possible outcomes of this experiment, such as, firstly, both players decide not to reduce the other player’s income. In that case, they both receive N$10.Secondly, each player decides to reduce the other player’s income leaving both with N$4.Thirdly, one player reduces the other player’s income but the other player does not do so. It refers an unequal payoff distribution with N$9 for the destroying party and N$5 for the victim of …show more content…
160-168, experiment the experimental study of risk behavior in natural disasters. The evidence was taken from Cameron. The experiment was involved in choosing between two lottery games. The game A was a lottery having a 50% winning a chance of an amount of winning three times of local daily wage. Game B perceived a constant amount of money but smaller win. A total five repetition will be made and players have to decide at the beginning which game they choose either A or B. Each player had been given one sheet of paper with recording tables for the five repeated games. In the experiment, it is assumed that a constant payment for game B increases, so the risk averse move to game A to B as game A becomes less attractive. On the other hand, some players may switch to game A for trying their luck. Risk takers may have hidden, cognitive risk aversion traits and they switch to a constant winning game B after losing in the first risky game A. The experimental results demonstrate stronger cognitive risk aversion behavior. Although experimental results reveal a more realistic distribution of risk preference compared to hypothetical survey questions, the financial gain is not a major factor influencing behavior for the survivors of disaster victims. In addition, the paper of Cameron, L., & Shah, M. (2015), includes a standard risk games by selecting random players. The hypothesis of this study is to player living in the village that exposed natural