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We run a laboratory experiment where some participants are selected to make investment decisions on behalf of others …, altruism and concern for inequality. We find that decision makers who are selected democratically are generally more efficiency …
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We compare a partners condition where the same small group of subjects plays arepeated public good game to astrangers condition where subjects play this game in changing group formations.Subjects in the partners conditioncontribute from the first period on significantly more to the public good...
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laboratory experiment, we find that more than 75% of subjects play strategies that belong to the predicted equilibrium set …
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