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It is difficult to identify acts that are purely altruistic, and do not have some level of egoism or self-interest involved. By considering situations where team members seemingly have nothing to gain by the way they distribute points to others with regard to peer evaluation, and where their...
Persistent link: https://www.econbiz.de/10015246372
Bayesian implementation concerns decision making problems when agents have incomplete information. This paper proposes that the traditional sufficient conditions for Bayesian implementation shall be amended by virtue of a quantum Bayesian mechanism. In addition, by using an algorithmic Bayesian...
Persistent link: https://www.econbiz.de/10015226760
Bayesian implementation concerns decision making problems when agents have incomplete information. This paper proposes that the traditional sufficient conditions for Bayesian implementation shall be amended by virtue of a quantum Bayesian mechanism. In addition, by using an algorithmic Bayesian...
Persistent link: https://www.econbiz.de/10015229918
How can different individuals' probability assignments to some events be aggregated into a collective probability assignment? Classic results on this problem assume that the set of relevant events -- the agenda -- is a σ-algebra and is thus closed under disjunction (union) and conjunction...
Persistent link: https://www.econbiz.de/10015243297
How can different individuals' probability functions on a given σ-algebra of events be aggregated into a collective probability function? Classic approaches to this problem often require `event-wise independence': the collective probability for each event should depend only on the individuals'...
Persistent link: https://www.econbiz.de/10015243298
Considerable experimental evidence has been collected on how to solve the public-good dilemma. In a 'first generation' of experiments, this was done by presenting subjects with a pre-specified game out of a huge variety of rules. A 'second generation' of experiments introduced subjects to two...
Persistent link: https://www.econbiz.de/10015217937
Individuals bring effort to a group to achieve a common objective. Group membership introduces a free riding incentive, reducing effort, as well as a social responsibility incentive, increasing effort. This paper shows that the free riding effect is stronger. Individuals significantly reduce...
Persistent link: https://www.econbiz.de/10015228844
Using a laboratory experiment, we study the incentives of individuals to contribute to a public good that is provided if and only if the fraction of contributors reaches a certain threshold. We jointly vary the size of the group, the cost of contributing, the required threshold, and the framing...
Persistent link: https://www.econbiz.de/10015269949
I show how improper conditioning of beliefs can lead to under-contribution in public goods environments with interdependent values. I consider a simple model of a binary, excludable public good. In equilibrium, provision of the public good is good news about its value. Naive players who...
Persistent link: https://www.econbiz.de/10015240713
We study how group membership affects behavior both when group members can and cannot interact with each other. Our goal is to isolate the contrasting forces that spring from group membership: a free-riding incentive leading to reduced effort and a sense of social responsibility that increases...
Persistent link: https://www.econbiz.de/10015242374