A robust finding of repeated public goods experiments is that high initial contribution rates sharply decline towards the end. This paper reports on an exploratory experiment designed to discover whether such a decline is simply triggered by the usual experimental practice of publicly informing...

Whereas orthodox game theory relies on the unrealistic assumption of (commonly known) perfect rationality, participants in game playing experiments are at best boundedly rational. This makes it necessary to supplement orthodox game theory by a behavioral theory of game playing. We first point...

Whereas orthodox game theory relies on the unrealistic assumption of (commonly known) perfect rationality, participants in game playing experiments are at best boundedly rational. This makes it necessary to supplement orthodox game theory by a behavioral theory of game playing. We first point...