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In the experiments, subjects were split in two groups of 6 individuals, named yellow and blue. Each subject had to decide whether or not to buy a token. The price of a token (i.e., the cost of participation) was common knowledge and equal for everyone. The number of tokens bought in each group...
Persistent link: https://www.econbiz.de/10014023552
This chapter discusses that the subjects differ in social value orientation as measured in the pre-test. This chapter also describes that the contributions in the first periods of the public good game are positively correlated to the value orientation. The success of social interaction in the...
Persistent link: https://www.econbiz.de/10014023558
The step-level public good game differs strategically from the linear public good game. In the one-shot linear public good game the dominant strategy is not to contribute. In the one-shot step-level public good game multiple Nash equilibria exist. An inefficient Nash equilibrium involves nobody...
Persistent link: https://www.econbiz.de/10014023561