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This paper deploys a novel experiment to compare four theories that explain both selfish and non-selfish cooperation. The four theories capture incomplete information (à la Kreps et al. (1982)) alongside the following four non-selfish motives: caring about others (Altruism), being conscientious...
Persistent link: https://www.econbiz.de/10013368347
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This paper introduces and studies the Network Dilemma, which embeds a social dilemma within a network formation game. The game models the voluntary provision of a costly public good that is locally non-excludable within an endogenously formed network of agents. In this environment, all...
Persistent link: https://www.econbiz.de/10012860030
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Do experimental subjects have consistent first and higher-order beliefs about others? How does any inconsistency affect strategic decisions? We introduce a simple four-player sequential social dilemma where actions reveal first and higher-order beliefs. The unique sub-game perfect Nash...
Persistent link: https://www.econbiz.de/10014245192