Template-Type: ReDIF-Paper 1.0 Title: The Framing of Games and the Psychology of Play Author-Name: Heike Hennig-Schmidt Author-Email: hschmidt@uni-bonn.de Classification-JEL: C91, C72, D64, Z13 Keywords: Framing, psychological games, guilt aversion, reciprocity, public good games, voluntary cooperation Abstract: Psychological game theory can help provide a rational choice explanation of framing effects; frames influence beliefs, beliefs influence motivations. We explain this theoretically, and explore the empirical relevance experimentally. In a 2×2 design of one-shot public good games we show that frames affect subject’s first- and second-order beliefs, and contributions. From a psychological game-theoretic framework we derive two mutually compatible hypotheses about guilt aversion and reciprocity under which contributions are related to second- and first-order beliefs, respectively. Our results are consistent with either. Note: Length: 40 Creation-Date: 2008-07 Revision-Date: File-URL: http://www.wiwi.uni-bonn.de/bgsepapers/bonedp/bgse15_2008.pdf File-Format: application/pdf Handle: RePEc:bon:bonedp:bgse15_2008