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Solar geoengineering has received increasing attention as an option to temporarily stabilize global temperatures. A key concern surrounding these technologies is that heterogeneous preferences over the optimal amount of cooling combined with low deployment costs may allow the country with the...
Persistent link: https://www.econbiz.de/10012910620
Solar geoengineering has received increasing attention as an option to temporarily stabilize global temperatures. A key concern surrounding these technologies is that heterogeneous preferences over the optimal amount of cooling combined with low deployment costs may allow the country with the...
Persistent link: https://www.econbiz.de/10011884418
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Experts often disagree. A decision-maker may be averse to such expert disagreement. Existing models of aversion to expert disagreement rest on ambiguity-averse preferences adopting a unanimity principle: If all experts consider one choice better than another, so should the decision-maker. Such...
Persistent link: https://www.econbiz.de/10013311274
We explored experimentally how threshold uncertainty affects coordination success in a threshold public goods game. Whereas all groups succeeded in providing the public good when the exact value of the threshold was known, uncertainty was generally detrimental for the public good provision. The...
Persistent link: https://www.econbiz.de/10013118207
We introduce hierarchical decision-making in a repeated public goods experiment where representatives decide on contributions and punishment not only on their behalf, but also on behalf of their team members. We confirm the established finding that punishment reverses the slide towards the zero...
Persistent link: https://www.econbiz.de/10014237891
Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...
Persistent link: https://www.econbiz.de/10013157464