Showing 1 - 10 of 15
We ask whether conformity, copying the most observed behavior in a population, can affect free riding in a public goods situation. Our model suggests that, if free riding is sufficiently frequent at the start of a public goods game, conformity will increase the growth rate of free riding. We...
Persistent link: https://www.econbiz.de/10005417024
experiment, we develop a Markov model of adaptive expectations and bounded rationality. The model predicts actual behavior quite …
Persistent link: https://www.econbiz.de/10005190056
-cultural common pool resource (CPR) experiment purposely using participants from cultures that derive different benefits from …
Persistent link: https://www.econbiz.de/10005190061
Recently economists have become interested in why people who face social dilemmas in the experimental lab use the seemingly incredible threat of punishment to deter free riding. Three theories have evolved to explain punishment. We survey each theory and se behavioral data from surveys and...
Persistent link: https://www.econbiz.de/10005190078
Standard game theoretic models predict, based on subgame perfection, that public goods will not be provided even if agents are allowed to monitor free riders at some cost. Further, because punishment is not credible in these environments, this prediction is invariant to the size of groups....
Persistent link: https://www.econbiz.de/10005190080
selfless, group-beneficial acts. This paper presents the results of an experiment designed to quantify the extent to which …
Persistent link: https://www.econbiz.de/10005196521
survey results, we run a public goods experiment that allows players to punish each other. The experiment confirms the …
Persistent link: https://www.econbiz.de/10005196526
often be called rational. The current experiment illustrates this point with an example. Assuming self-interested agents …
Persistent link: https://www.econbiz.de/10005636201
monitors and show ?rst that the decision to punish should be modeled separately from the decision of how much to punish. Second …
Persistent link: https://www.econbiz.de/10005636231
Aspiration-based evolutionary dynamics have recently been used to model the evolution of fair play in the ultimatum game showing that incredible threats to reject low offers persist in equilibrium. We focus on two extensions of this analysis: we experimentally test whether assumptions about...
Persistent link: https://www.econbiz.de/10005636242