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I develop a dynamic model with forward looking agents, and show that social pressure is effective in generating provision in a public good game: after a small group of agents start contributing to the public good, other agents decide to contribute as well due to a fear of being punished, and...
Persistent link: https://www.econbiz.de/10012432525
during the actual experiment. …
Persistent link: https://www.econbiz.de/10012062305
We study framing effects in repeated social dilemmas by comparing payoff-equivalent Give- and Take-framed public goods games under varying matching mechanisms (Partners or Strangers) and levels of feedback (Aggregate or Individual). In the Give-framed game, players contribute to a public good,...
Persistent link: https://www.econbiz.de/10011383730
We experimentally investigate the memory recall bias of overconfident (underconfident) individuals after receiving …). Second, awareness of one's overconfidence or underconfidence does not eliminate memory recall bias. Third, the primacy effect … is stronger than the recency effect. Overall, our results suggest that memory recall bias is mainly due to motivated …
Persistent link: https://www.econbiz.de/10013252749
We examine the effectiveness of the individual-punishment mechanism in larger groups, comparing groups of four to groups of 40 participants. We find that the individual punishment mechanism is remarkably robust when the marginal per capita return (MPCR), i.e. the return to each participant from...
Persistent link: https://www.econbiz.de/10009754878
I provide a broad overview of the findings reported in the articles submitted for this special volume on experimental studies of social dilemma problems. I start by providing a synopsis of where current research stands on this topic. Then I go on to discuss the specific papers and how those...
Persistent link: https://www.econbiz.de/10011453100
reconsiders the generality of both explanations. Using data from a public goods experiment with punishment, conducted by the …
Persistent link: https://www.econbiz.de/10012607461
Experimental studies show that the Nash equilibrium and its refinements are poor predictors of behavior in non-cooperative strategic games. Cooperation models, such as ERC and inequality aversion, yield superior predictions compared to the standard game theory predictions. However, those models...
Persistent link: https://www.econbiz.de/10013252726
We explore how subjects with heterogeneous beliefs respond to a surprise restart in a linear public goods game played for 20 rounds using either a "partners" or a "strangers" protocol. There are two restarts: one prior to Round 11 and another prior to Round 16. We elicit subject beliefs at the...
Persistent link: https://www.econbiz.de/10012014922
This paper analyzes the equilibrium strength of prescriptive norms to contribute to public goods. We consider three methods of establishing what an acceptable contribution to the public good is. Under the first method, the contribution of the bottom contributor is the reference point by which...
Persistent link: https://www.econbiz.de/10012014923