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/benefit ratios of the players. Our results for k=4 clearly contradict selection by Risk Dominance and Global Games. In the two …
Persistent link: https://www.econbiz.de/10011629780
laboratory experiment. By incorporating risk as an external random variable in the PGG, independent of the participants … pandemics, stock market collapses, and terror attacks, pose a risk that could undermine cooperation. We extend the public goods … actual risk constant. Our experimental results reveal that extreme risks indeed decrease contributions on average by about 20 …
Persistent link: https://www.econbiz.de/10014344520
efforts to mitigate risks for all (e.g. conservation of natural habitats by those living at wildlife boarders to reduce risk … of zoonoses), complicates collective action. We extend the experimental collective risk social dilemma to consider that … understanding the reasons for self-reliance in collective risk social dilemmas can help develop better institutions to enhance the …
Persistent link: https://www.econbiz.de/10015271363
Risk and uncertainty are an integral part of everyday human interactions. Recent literature has shown that group size …
Persistent link: https://www.econbiz.de/10012917052
This paper examines how threshold uncertainty affects cooperative behaviors in each of public goods provision and public bads prevention. The intent is mainly motivated by the following facts. First, resource and environmental problems can be either framed as public bads prevention or public...
Persistent link: https://www.econbiz.de/10014194693
Gallice and Monzón (2019) present a natural environment that sustains full cooperation in one-shot social dilemmas among a finite number of self-interested agents. They demonstrate that in a sequential public goods game, where agents lack knowledge of their position in the sequence but can...
Persistent link: https://www.econbiz.de/10015375388
We present a natural environment that sustains full cooperation in one-shot social dilemmas among a finite number of self-interested agents. Players sequentially decide whether to contribute to a public good. They do not know their position in the sequence, but observe the actions of some...
Persistent link: https://www.econbiz.de/10012901935
Previous research shows that collective action to avoid a catastrophic threshold, such as a climate "tipping point", is unaffected by uncertainty about the impact of crossing the threshold but that collective action collapses if the location of the threshold is uncertain. Theory suggests that...
Persistent link: https://www.econbiz.de/10010249688
We report experimental evidence on the voluntary provision of public goods under threshold uncertainty. By explicitly comparing two prominent technologies, summation and weakest link, we show that uncertainty is particularly detrimental to threshold attainment under weakest link, where low...
Persistent link: https://www.econbiz.de/10012696938
. We present a laboratory experiment that studies how residual risk of failure affects willingness to contribute to climate … risk than in treatments without one. We interpret this as an outcome of a psychological process where residual risk puts …
Persistent link: https://www.econbiz.de/10011738574