Showing 1 - 10 of 67
Persistent link: https://www.econbiz.de/10009611954
We investigate the effect of group versus individual decision-making in the context of risky investment decisions in which all subjects are fully informed of the probabilities and payoffs. Although there is full information, the lottery choices pose cognitive challenges so that people may not be...
Persistent link: https://www.econbiz.de/10014180402
In a best-shot public good, where the provision level is determined by the highest contribution instead of the sum of all contributions, there is potential for waste and underprovision due to coordination failure. These failures are exacerbated when agents are identical because there is no focal...
Persistent link: https://www.econbiz.de/10010866240
Using a threshold public good experiment, we examine how varying degrees of inequality in resources and differences in risk of loss among players affect the success of group efforts to avoid a common loss. We find that when the poor face greater risk than the rich, contributions and success in...
Persistent link: https://www.econbiz.de/10013326557
Persistent link: https://www.econbiz.de/10009243133
Persistent link: https://www.econbiz.de/10010253578
Persistent link: https://www.econbiz.de/10010240034
Persistent link: https://www.econbiz.de/10009760452
We show in a public goods experiment on three continents that conditional cooperation is a universal behavioral regularity. Yet, the number of conditional cooperators and the extent of conditional cooperation are much higher in the U.S.A. than anywhere else. -- conditional cooperation ; public...
Persistent link: https://www.econbiz.de/10009729297
Persistent link: https://www.econbiz.de/10009717770