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According to Adam Smith (1790), human selfishness can be restrained by introspection. We test the effect of introspection on people's willingness to cooperate in a public good game. Drawing on the concept of identity utility (George A. Akerlof and Rachel E. Kranton, 2000), we show theoretically...
Persistent link: https://www.econbiz.de/10010478915
On the basis of problems related to asymmetric information, self-governance has been proposed and often empirically found to be superior to the external imposition of rules in social dilemma situations. The present paper suggests and experimentally analyses a different line of argument, namely...
Persistent link: https://www.econbiz.de/10010324002
According to Adam Smith (1790), human selfishness can be restrained by introspection. We test the effect of introspection on people’s willingness to cooperate in a public good game. Drawing on the concept of identity utility (George A. Akerlof and Rachel E. Kranton, 2000), we show...
Persistent link: https://www.econbiz.de/10010459020
On the basis of problems related to asymmetric information, self-governance has been proposed and often empirically found to be superior to the external imposition of rules in social dilemma situations. The present paper suggests and experimentally analyses a different line of argument, namely...
Persistent link: https://www.econbiz.de/10011582482
We report the results of an experimental study that compares voting mechanisms in the provision of public goods. Subjects can freely decide how much they want to contribute. Whether the public good is ¯nally provided is decided by a referendum under full information about all contributions. If...
Persistent link: https://www.econbiz.de/10010264801
Games with imperfect information often feature multiple equilibria, which depend on beliefs off the equilibrium path … supported in equilibrium by the largest set of beliefs. We conduct experiments to test the predictive power of the existing and …
Persistent link: https://www.econbiz.de/10010420309
Both in the field and in the lab, participants frequently cooperate, despite the fact that the situation can be modelled as a simultaneous, symmetric prisoner's dilemma. This experiment manipulates the payoff in case both players defect, and explains the degree of cooperation by a combination of...
Persistent link: https://www.econbiz.de/10010323844
Games with imperfect information often feature multiple equilibria, which depend on beliefs off the equilibrium path … supported in equilibrium by the largest set of beliefs. We conduct experiments to test the predictive power of the existing and …
Persistent link: https://www.econbiz.de/10010260115
Both in the field and in the lab, participants frequently cooperate, despite the fact that the situation can be modelled as a simultaneous, symmetric prisoner’s dilemma. This experiment manipulates the payoff in case both players defect, and explains the degree of cooperation by a combination...
Persistent link: https://www.econbiz.de/10009573481
coordination game has a unique symmetric non-sunspot equilibrium, which is also risk-dominant. Other equilibria can be ordered … signals may also cause sunspot-driven behavior, even though this is no equilibrium. The higher the correlation of signals and …
Persistent link: https://www.econbiz.de/10009413032